1

#1 Cher Wang & Wenchi Chen


Net Worth $8.8 Billion Source HTC
Age 53 Marital Status Married, 2 children

Taiwan’s richest couple is on an upswing. Shares in smartphone manufacturer

HTC have nearly tripled in past year on strong sales, a gain that helped

catapult them to the top of this year’s Taiwan rich list. HTC is also expected

to enter the market for tablet PCs in April with a model called the Flyer.

Wang, one of 9 children of deceased Taiwan management icon Y.C. Wang

(see Wang Yung-Tsai, No. 6), was part of an investor group that bought

a 26% stake in Hong Kong television broadcaster TVBS earlier this year.

Her mother died in March

2

#2 Tsai Wan Tsai

Net Worth $7.0 Billion Source finance
Age 81 Marital Status Married, 4 children
Tsai and sons Daniel and Richard have turned Fubon Financial into one of
Taiwan’s most successful financial institutions, expanding from a core in
nonlife insurance to a brokerage-to-bank business. The company is looking
to expand in Taiwan through acquisitions and is eyeing China growth
through a stake in Xiamen International Bank. Major investor in Taipei
Mobile and cable stations. Nephews T.Y. Tsai, Tsai Hong-Tu and
Tsai Cheng-Da are also on this year’s list.

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3

#3 Tsai Eng-Meng

Net Worth $6.1 Billion Source food
Age 54 Marital Status NA
Built a fortune in the snack business on the mainland, using experience
gained with the same products back home in Taiwan. Tsai’s Want Want
China is also turning itself into a beverage company. Some $1.1 billion,
nearly half of the company’s 2010 sales, came from beverages, mostly
Hot-Kid milk. Tsai is also in the media, hotel and insurance industries.
6,100 54
4

#4 Wei Ing-Chou

Net Worth $5.7 Billion Source food
Age 57 Marital Status Married, 3 children
This fortune includes stakes held by 4 brothers—Wei Ing-Chou, Wei Ying-Chiao,
Wei Yin-Chun and Wei Yin-Heng—who have turned Tingyi into one of the
world’s most successful food and beverage companies

 

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5

#5 Terry Gou

Net Worth $5.6 Billion Source electronics
Age 60 Marital Status Married, 3 children
Taiwan’s richest man in 2010, Gou runs electronics contract manufacturer
include Apple and HP. A spate of suicides at mainland facilities has ebbed,
but subsequent wage
increases and rising costs have eroded profits. Gou founded the company
in 1974 with $7,500.
Reportedly looking to make large investments in Brazil.

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6

#6 Wang Yung-Tsa


Net Worth $3.9 Billion Source plastics
Age 90 Marital Status Married
Younger brother of deceased Taiwan business icon Y.C. Wang quietly helped
create one of Asia’s largest petrochemical giants, the Formosa Plastics Group.
Main businesses include Formosa Plastics, Nan Yan Plastics and Formosa
Chemicals. Controversy has followed Y.C.’s death: The empire has run afoul
of the Taiwan government in connection with a spate of pollution and safety
problems. Formosa Petrochemical said in May it would form a joint venture
with Kraton of the U.S. to produce thermoplastic rubber.

3,900 90
7

#7 Barry Lam

Net Worth $3.3 Billion Source quanta computer
Age 62 Marital Status Married, 2 children

Taiwan electronics industry pioneer is holding his own wealthwise at a time

when the popularity of smartphones is creating upheaval in the market for
his main product, notebook computers. Shares in Lam’s Quanta Computer,

one of the world’s biggest notebook makers, are flat for the year.

Quanta is a patron of the arts

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8

#8 Lin Yu-Lin

Net Worth $3 Billion Source real estate
Age 75 Marital Status Married, 7 children
Lin’s fortune has benefited from the recovery of Taiwan’s real estate market.
Owns key commercial property, including Hung Tai Center, and investments
in companies such as Hung Sheng Construction, Cooperative Construction
and Hung Tai Asset Management, as well as part of En Tie Commercial Bank.
Hobby: golf. Brother Lin Rong San, No. 10 on the list, has separate real estate
empire.

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9

#9 Luo Jye

Net Worth $2.9 Billion Source tires
Age 85 Marital Status Married, 4 children
From early success in Taiwan as a supplier of bicycle tires, Luo-led tiremaker
Cheng Shin Rubber has ridden China’s auto industry boom into the ranks of
the world’s billionaires. Cheng Shin supplies the China market from a large
manufacturing base in Fujian Province, across the Taiwan Strait. Shares
have risen 49% in the past year. Customers include GM, Ford. It plans to
expand in Taiwan and China.

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10

#10 Lin Rong San

Net Worth $2.8 Billion Source real estate
Age 72 Marital Status Married, 4 children
Lin has built one of Taiwan’s largest property fortunes with large holdings
in northern Taiwan. Political shaker close to former Taiwan president
Lee Teng-Hui is less than loved in China: Lin publishes the Liberty Times,
a popular daily that’s skeptical about China. Controls Union Bank, shares of
which have climbed more than 40% in the past year. Three sons are actively
involved in the business empire. Brother Lin Yu-Lin also on this year’s list.

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11

#11 Jason Chang


Net Worth $2.3 Billion Source electronics
Age 67 Marital Status Married, 3 children
Shares of Chang’s semiconductor packaging company,
Advanced Semiconductor Engineering, surged 20% over the past year.
The family, which has listed real estate company Hung Ching Development
in Taiwan, has also been accumulating real estate on the mainland, including
Shanghai.

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12

#12 T.Y. Tsai

Net Worth $2.25 Billion Source finance
Age NA Marital Status NA
One of 3 Tsai family brothers who inherited most of Cathay Financial Holding
when their father,
Tsai Wan-Lin, died in 2004. T.Y. sold most of his stock to brothers Hong-Tu
and Cheng-Da last year,
industry sources say. Outgoing sibling is now investing in real estate projects.
Sole child, a daughter, is helping in new company. Cathay Financial says it
can’t comment on any transfer of shares among the
3 brothers. Collects cars.

2,250
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14

#14 Michael Chiang

Net Worth $2 Billion Source electronics
Age 58 Marital Status Married, 2 children
Chiang debuts on the Taiwan rich list after the IPO last year of TPK Holdings,
a supplier of touchscreens for Apple’s iPhones and iPads. Based in Taiwan, the
company mainly manufactures its products in Xiamen in mainland China.
Chiang’s first company, TVM, was a supplier of video monitors. Shares fortune
with his wife.

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15

#15 Chao Teng-Hsiung


Net Worth $1.7 Billion Source real estate
Age 67 Marital Status Married, 3 children
Chao’s real estate development company, Farglory Land Development, ranks
as one of Taiwan’s largest. It is expanding on the mainland through a joint
venture with Hong Kong billionaire Hui Wing Mao’s Shimao Group.
Last November announced plans to invest as much as $1 billion in a project
that will house the stock exchange in Abu Dhabi.

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16

#16 Chang Yung Fa


Net Worth $1.65 Billion Source transport
Age 83 Marital Status 4 children
His Evergreen Marine is one of the world’s largest container shipping
companies.
Other Chang-controlled businesses include carrier EVA Air, Evergreen
Transport
and Central Insurance. EVA said in December that it would pay $50 million
for a
16% stake in China Cargo Airlines, a mainland cargo joint venture between
China
Eastern Airlines and China Ocean Shipping Group, both of China. Donated
$12 million
to the Japanese Red Cross after that country’s earthquake in March.

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17

#17 Liao Long-Shing

Net Worth $1.6 Billion Source petrochemicals
Age 58 Marital Status Married, 2 children
Liao’s late father, Suhon Lin, cofounded Chang Chun Group with Tseng
Shin-Yi in 1949. The 3 families each own a third of what today has become
a major plastics and petrochemicals manufacturer with interests in Taiwan
and the mainland. Overseas business partners include Bayer and Mitsubishi
Gas Chemical.

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#17 Suhon Lin

Net Worth $1.6 Billion Source petrochemicals
Age 83 Marital Status Married, 4 children
Liao’s late father, Suhon Lin, cofounded Chang Chun Group with Tseng
Shin-Yi in 1949. The 3 families each own a third of what today has become
a major plastics and petrochemicals manufacturer with interests in Taiwan
and the mainland. Overseas business partners include Bayer and Mitsubishi
Gas Chemical.

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17

#17 Tseng Shin-Yi

Net Worth $1.6 Billion Source petrochemicals
Age 83 Marital Status Married, 2 children

Liao’s late father, Suhon Lin, cofounded Chang Chun Group with Tseng

Shin-Yi in 1949. The 3 families each own a third of what today has become

a major plastics and petrochemicals manufacturer with interests in Taiwan

and the mainland. Overseas business partners include Bayer and Mitsubishi

Gas Chemical

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20

#20 Tsai Cheng-Da

Net Worth $1.55 Billion Source finance
Age NA Marital Status Married
Two of 3 Tsai brothers who inherited large stakes in Taiwan’s Cathay
Financial Holding when their father, Tsai Wan-Lin, died in 2004.
With brother Cheng-Da, Hong-Tu bought most of younger sibling T.Y.’s
shares at the end of last year, say industry sources. Cheng-Da remains
chairman. Cathay says it can’t comment on any transfer of shares among
the 3 brothers.

1,550
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#20 Tsai Hong-Tu


Net Worth $1.55 Billion Source finance
Age 69 Marital Status Married, 3 children
Two of 3 Tsai brothers who inherited large stakes in Taiwan’s Cathay
Financial Holding when their father, Tsai Wan-Lin, died in 2004.
With brother Cheng-Da, Hong-Tu bought most of younger sibling T.Y.’s
shares at the end of last year, say industry sources. Cheng-Da remains
chairman. Cathay says it can’t comment on any transfer of shares among
the 3 brothers.

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22

#22 Lin Yu-Chia

Net Worth $1.5 Billion Source glass
Age NA Marital Status NA
Shares of glass manufacturer Taiwan Glass soared 72% over the past year,
nearly doubling the family’s fortune. Revenues last year rose by 25% to
$1.4 billion.

1,500
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#23 Leslie Koo

Net Worth $1.45 Billion Source cement
Age 57 Marital Status Married, 2 children
Taiwan Cement, founded by Koo’s father, is thriving in China.
The company has been expanding production of new facilities at a time
when the Chinese government is looking to retire in-efficient older ones.
Profit at Taiwan Cement’s Hong Kong-listed subsidiary, TCC International
Holdings, quintupled to $100 million in 2010.

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24

#24 Samuel Yin


Net Worth $1.43 Billion Source diversified
Age NA Marital Status NA
Heads Reuntex Group, with interests in real estate and retail. Looking to
team up with Pou Chen Corp. (see Tsai Chi Jui, No. 31) to purchase AIG’s
Taiwan operation, Nan Shan Life Insurance. Long-awaited listing of Yin’s
China hypermarket chain, RT-Mart China, on track for 2011. Founded
the Guanghua Education Foundation on the mainland, which has provided
support to 100,000 graduate students.

1,430
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#25 Hsu Chen

Net Worth $1.41 Billion Source food
Age 59 Marital Status Married, 1 child
Cofounder and chairman of Hsu Fu Chi International, which produces and
sells cookies and sweets in China. Singapore-listed company is based in
mainland China’s Guangdong Province. Sales in the 12 months to June 2010
rose 14% to $662 million. New product: Mobao, a muffin cake.
Brothers Hsu Hang and Hsu Pu serve on the company’s board.

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26

#26 Chen Yung-Tai

Net Worth $1.4 Billion Source real estate
Age 75 Marital Status NA
Chen parlayed success selling office equipment in Taiwan early in his career
into a cross-Strait distribution and real estate empire. Aurora Telecom
distributes telecommunications products in nearly 300 stores in Taiwan.
Aurora Corp. sells office equipment. Chen has choice property across from
the Bund in Shanghai and in the Hsinyi District in Taipei.

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27

#27 Douglas Hsu

Net Worth $1.38 Billion Source diversified
Age 68 Marital Status Married, 3 children
Far Eastern Group, founded by Hsu’s father, has business in textiles,
mobile phones, transportation, retailing and banking, among other businesses.
Its polyester unit has seen rising demand in the face of higher prices for cotton
in the past year. Shares in flagship Far Eastern Century have gained by more
than a third in the past year. A Taiwan court last September cleared Hsu of all wrongdoing in connection with a department store takeover.

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28

#28 Tsai Ming-Kai

Net Worth $1.35 Billion Source semiconductors
Age 61 Marital Status NA
Leads Mediatek, a semiconductor design company specializing in chips for TVs,
DVDs and wireless communications. Sales in the first quarter plunged by 39%
from a year earlier; profit margins were off as well. Looking to expand its
customers, MediaB-tek in March acquired Wi-Fi chip supplier Ralink in an
all-stock transaction. Tsai holds bachelor’s and master’s degrees in electrical
engineering from National Taiwan University and the University
of Cincinnati, respectively.

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29

#29 Jeffrey Koo

Net Worth $1.3 Billion Source finance
Age 77 Marital Status Married, 4 children
Financial industry tycoon’s wealth picks up this year as earnings at his
flagship bank, Chinatrust, improved. Family-controlled brokerage KGI
hopes to expand in China following the signing of a cross-Strait economic
agreement last year. Son Andre privatized Singapore-listed Finance One.
Leslie Koo (No. 23) is his nephew.

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30

#30 Kenneth Yen

Net Worth $1.29 Billion Source autos
Age 46 Marital Status Married, 1 child
Yen chairs Yulon Motor, Taiwan’s largest automaker and a joint venture
partner of Nissan in Taiwan. Inroads in China have helped boost the
company’s stock price 90% in the past year.

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31

#31 Tsai Chi Jui

Net Worth $1.28 Billion Source shoes
Age 71 Marital Status Married, 3 children
The family’s Taiwan-listed Pou Chen Corp. is one of the world’s largest shoe
and sportswear producers. A supplier to Nike, Adidas and Reebok, it operates
factories in China, Vietnam, Indonesia and Mexico, producing 284 million
pairs of shoes in the year ending September 2010. Retail flagship Pou Sheng
International handles sales in China for some of its manufacturing customers.
One problem on the horizon: rising commodity costs.

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32

#32 Allen Horng

Net Worth $1.26 Billion Source electronics
Age NA Marital Status NA
Horng’s Catcher Technology is a tech standout. Shares in the supplier of
computer cases to Apple, Dell and others have soared 138% in the past year,
making Horng a returnee to this year’s list. Catcher was founded in 1984.
Horng began his career as an ear, nose and throat doctor.

1,260
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#33 Tsai Yung-Lung


Net Worth $1.25 Billion Source manufacturing
Age 55 Marital Status Married, 1 child
Chairs Gem-Year Industrial, producer of bolts, nuts, screws and other fasteners.
Sales in 2010 grew an impressive 77% to $462 million.
Gem-Year went public in Shanghai in 2007.

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34

#34 Lin Ming-Cheng

Net Worth $1.2 Billion Source finance
Age 68 Marital Status Married, 3 children
President of Hua Nan Bank hails from one of Taiwan’s multigenerational
fortunes. Shares in Hua Nan’s parent rose by a third in the past year.
Another investment: Ta Yung Hsing Yeh real estate company.

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35

#35 Chen Chao Chuan

Net Worth $1.15 Billion Source shipping
Age 82 Marital Status Married, 7 children
Runs Wan Hai Lines, one of the largest Asian shipping companies. Shares have
climbed nearly 30% since last year. Teamed up with No. 16 Chang Yung Fa’s
Evergreen and Interasia Lines of Japan to launch a service to Madras, India in
April.

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#36 Steven Pan

Net Worth $1.1 Billion Source hotels
Age 46 Marital Status NA
Family-owned hotel company Formosa International Hotels is digesting its
2010 acquisition of Regent International, which has 5-star hotels in Beijing,
Berlin, Bordeaux, Singapore, Taipei and other cites.

1,100 46
37

#37 Wu Chung-Yi


Net Worth $1 Billion Source manufacturing
Age 55 Marital Status NA
Chairman of Fine Blanking, a manufacturer of auto parts. Made most of his
money through a stake in Tingyi before he sold his stake in 2007. Member
of the board of directors at Wei Chuan, a food company that is partly owned
by Tingyi.

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38

#38 Lin Ming-Hsiung


Net Worth $980 Million Source retailing
Age 62 Marital Status Married, 3 children
Controls PX Mart, a low-cost department store chain with 574 stores in
Taiwan that benefited from economic recovery last year: Sales rose 16%
last year to $2 billion.

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39

#39 Bruce Cheng

Net Worth $950 Million Source electronics
Age 75 Marital Status Married, 2 children
Founder of Delta Electronics, one of Asia’s largest makers of power supplies,
with plants in Taiwan, China, Mexico. Invested $15 million in a fourth plant
in India this year.

950 75
40

#40 Shi Wen Long


Net Worth $930 Million Source plastics
Age 82 Marital Status Married
Shi made his early money in plastics through Chi Mei Corp. Now a late career
fling in tech is losing money. Chimei Innolux, a flat-panel business in which
Shi holds a minority stake, lost $475 million in the first quarter of 2011.

930 82