IMAGINECHINA
SUP TDOWN WXUNCHANGED ÌNEW TO LIST 3 RETURNEE- Lin Ming-Hsiung
$1.35 BILLION S
SOURCE: FASHION AND RETAIL
AGE: 66. MARRIED, 3 CHILDREN
Lin may have reached the traditional retirement
age in the U.S., but he is still pushing ahead at
his privately held supermarket chain, Pxmart.
He’s predicting an 18% jump in sales to $2.1
billion this year and is looking to open 100
stores, bringing the total to 900. Lin also heads
up real estate developer Yuanlih Construction
and Hwatai Bank of Taipei. - Koo family
$1.34 BILLION WX
SOURCE: FINANCE
Heirs of Jeffrey Koo (d. 2012), the “father
of the credit card” in Taiwan, control CTBC
Financial Holding and China Development
Financial Holding, among others. His eldest
son, Jeffrey Koo Jr., was arrested and released
on $3 million bail in a corruption probe in
June 2016; he says it was a misunderstanding. - Shi Wen Long
$1.3 BILLION 3
SOURCE: PETROCHEMICALS
AGE: 88. MARRIED, 3 CHILDREN
Founder of Chi Mei Corp., one of Asia’s largest
plastics businesses, Shi is no longer active in
management. Active philanthropist, he erected
one of Taiwan’s largest museums in his home
city, Tainan. Shi’s son-in-law Lin Chia-lung
was elected mayor of central Taiwan business
hub Taichung in 2014. Shi’s family shares the
fortune.
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musical instrument collection
29.Tony Chen
$1.27 BILLION T
SOURCE: ELECTRONICS
AGE: 47. MARRIED
With Scott Lin, Chen is cofounder of Largan
Precision, lens supplier to Apple and other
tech outfits. Largan’s former chairman, he
and his wife, Jiang Tsui Ying, both sit on its
board.- Lin Ming-Cheng
$1.26 BILLION T
SOURCE: FINANCE
AGE: 73. MARRIED, 3 CHILREN
Member of one of Taiwan’s oldest business clans,
Lin is vice chairman of the Hua Nan Financial
Holdings. Partly government-owned, the bank has
$73 billion of assets. Tough competition has hurt
earnings growth. - Howard Nien
$1.25 BILLION Ì
SOURCE: WINDOW COVERINGS
MARRIED
Brothers Howard, Michael and Ron have built upon
the window-blind manufacturing business started
by their father, Norman (d. 2011), and aptly called
Nien Made. The company, which Howard chairs,
sells its wares under the Norman Shutters brand.
The company relisted in 2014 after a 2007 buyout
by the founder and private equity firm CVC. U.S.
customers include Home Depot. - Bruce Cheng
$1.24 BILLION T
SOURCE: ELECTRONICS
AGE: 80. MARRIED, 2 CHILDREN
Delta Electronics, which his son Ping now runs,
invested in 2 automation systems businesses, PBA
International and Loytec & Inn Control, in the first
half of 2016 in effort to diversify. Cheng founded
Delta as a TV-parts maker in 1971 and built the
company into a supplier of switches and power
suppliers to global brands such as Dell. Cheng
stepped down as leader in 2012, the year Ping
became CEO. - Chou-Hsiong Wang
$1.2 BILLION Ì
SOURCE: FOOTWEAR
MARRIED
Wang founded Feng Tay Enterprise in 1971, and by
1979 it had formed a strategic partnership to make
athletic shoes for Nike. Over the years it has also
expanded into golf, soccer balls and inline skates.
Headquartered in off-the-beaten-track central
Taiwan city of Yunlin, Feng Tay operates plants
in China, India, Indonesia and Vietnam, as well as
Taiwan. Wang is still chairman of the company,
which now has a market cap of $76 billion. - Chao Teng-Hsiung
$1.4 BILLION WX
SOURCE: REAL ESTATE
AGE: 72. MARRIED, 3 CHILDREN
Founder and largest shareholder of Farglory
Land, one of Taiwan’s largest real estate
developers, he has been in hot water since
early 2015, when a corruption scandal led
to a suspended jail sentence. Farglory has
also faced questions about the safety of an
unfinished Taipei Dome project that Chao
says is safe. Son Frank took over as Farglory
Land chairman in 2014. Chao also controls
Farglory FTZ Investment Holding, Farglory
Life Insurance and Farglory Hotel. - Tseng Shin-Yi
$1.45 BILLION T
SOURCE: PETROCHEMICALS
AGE: 88. MARRIED, 2 CHILDREN
Trio owns Taiwan petrochemicals maker Chang
Chun Group, one of Asia’s biggest privately held
companies with more than 10,000 employees
and plants in Taiwan as well as China, Malaysia,
Indonesia and Singapore. Lin and Tseng cofounded
the business along with Liao’s late father, M.K.
Lin, who is chairman of the group’s executive board,
received the Order of Brilliant Star award from
former Taiwan president Ma Ying-jeou in March.
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