News
 International
 National
 Embassy News
 Arts & Living
 Business
 Travel & Hotel
 Medical Tourism New
 Taekwondo
 Media
 Letters to Editor
 Photo Gallery
 News Media Link
 TV Schedule Link
 News English
 Life
 Hospitals & Clinics
 Flea Market
 Moving & Packaging
 Religious Service
 Korean Classes
 Korean Weather
 Housing
 Real Estate
 Home Stay
 Room Mate
 Job
 English Teaching
 Translation/Writing
 Job Offered/Wanted
 Business
 Hotel Lounge
 Foreign Exchanges
 Korean Stock
 Business Center
 PR & Ads
 Entertainment
 Arts & Performances
 Restaurants & Bars
 Tour & Travel
 Shopping Guide
 Community
 Foreign Missions
 Community Groups
 PenPal/Friendship
 Volunteers
 Foreign Workers
 Useful Services
 ST Banner Exchange
  Business
Listof Taiwan's 50 Richest See Mixed Fortunes
Taipei, Taiwan
SINGAPORE (April 28, 2022) — The wealth of Taiwan’s 50 richest on the 2022 Forbes list reveals a mixed picture, with 23 listees adding to their net worth and 24 seeing a decline. Overall, their collective wealth rose to US$158 billion from $149 billion last year. The complete list can be found at
www.forbes.com/taiwan.

With the Omnicron outbreak in the region disrupting production and supply chains, the benchmark Taiex index fell 3% over the past 12 months. Still, strong tech exports and a revival in domestic demand boosted Taiwan’s economy by 6.3% in 2021, the biggest gain in a decade.

Footwear magnate Zhang Congyuan, who debuted last year following the 2021 IPO of his Huali Industrial Group, retains the top spot. But his net worth fell 12% to $12.1 billion from $13.8 billion, as the Guangdong-based company faced logistical challenges brought on by Covid-19.

Brothers Tsai Hong-tu and Cheng-ta remain at No. 2 with $10.5 billion, up 14% from $9.2 billion, as their Cathay Financial Holding posted record net income of $4.9 billion for 2021. Another pair of finance tycoons, brothers Daniel and Richard Tsai of Fubon Financial Holding, keep the third
spot with a fortune of $9.6 billion, up 22%, thanks to the company’s stellar performance in stock and
bond investments.

Soaring prices of chemicals boosted the wealth of two of this year’s big dollar gainers. The net worth of Lin Shu-hong (No. 5), cofounder of petrochemical conglomerate Chang Chun Group, surged $2.1 billion to $6.9 billion. Siblings Tseng Cheng and Sing-ai (No. 14, $4.3 billion), whose late father
Tseng Shin-yi was also a cofounder of Chang Chun, saw their wealth increase by $1.65 billion.

Tony Chen (No. 47, $850 million) and Scott Lin (No. 42, $1.1 billion), cofounders of Largan Precision, a lens supplier to Apple, saw the biggest decline in their wealth in percentage terms. A sluggish mainland China market for smartphones and supply chain obstacles dragged down their wealth by 47% and 46% respectively.

Rising shares of Kinglai Hygienic Materials, a maker of stainless steel components used in ultra-clean manufacturing processes such as in semiconductors and vaccines, propelled founder Li
Shui-po, the sole newcomer this year, to No. 50 with $765 million.

Amid the global shipping boom, the Chang brothers – Kuo-Hua, Kuo-Ming and Kuo-Cheng – whose father was Evergreen Marine’s late founder Chang Yung Fa, returned to the list at No. 11 with $5.3 billion.

Three dropped off this year including restaurant tycoon Ho Kuang-chi, whose mainland China-focused hotpot chain Xiabuxiabu recorded its first annual loss last year since it went public in 2014.

The minimum amount required to make the list was $765 million, up from $740 million last year.

The top 10 richest in Taiwan are:

1) Zhang Congyuan; US$12.1 billion

2) Tsai Hong-tu & Cheng-ta; $10.5 billion

3) Daniel & Richard Tsai; $9.6 billion

4) Tsai Eng-meng; $7.1 billion

5) Lin Shu-hong; $6.9 billion

6) Terry Gou; $6.8 billion

7) Wei Ing-chou, Ying-chiao, Yin-chun & Yin-heng; $6.4 billion

8) Jason & Richard Chang; $6 billion

9) Barry Lam; $5.5 billion

10) Samuel Yin; $5.4 billion

The list was compiled using information from individuals, analysts, government agencies, stock exchanges, databases and other sources. Net worths were based on stock prices and exchange rates as of the close of markets on April 15 and real-time net worths on Forbes.com may reflect different valuations. Private companies were valued by using financial ratios and other comparisons with similar companies that are publicly traded. The estimates include a spouse’s wealth and, where the person is the company founder, also include the wealth of children and siblings that is derived from that company.

The list can also include foreign citizens with business, residential or other ties to the city, or citizens who don’t reside in the city but have significant business or other ties to the city.

About Forbes

Forbes champions success by celebrating those who have made it, and those who aspire to make it.

Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change,

transforming business and making a significant impact on the world. The Forbes brand today reaches

more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes

Virtual events, custom marketing programs and 47 licensed local editions in 80 countries. Forbes

Media’s brand extensions include real estate, education and financial services license agreements.

Forbes recently announced plans to go public through a business combination with Magnum Opus

(NYSE: OPA), a special purpose acquisition company (SPAC), which is expected to close in the

second quarter of 2022.

For media queries, please contact:

Catherine Ong Associates Pte Ltd

Catherine Ong

Joana Ferreira

cell: +65 9697 0007

cell: +65 8648 4587

cath@catherineong.com

joana@catherineong.com



Related Articles
    Malaysia's 50 Richest on Forbes List See ...
    Fobes Asia Recognizes Leading Altruists in ...
    Forbes Reveals Asia's Top 20 Businesswomen
    Wealth of Philippines' 50 Richest on Forbes ...
    Forbes Asia Announces Asia's 2021 Best Under A ...
    Singapore's 50 Richest on Forbes List See ...
    Forbes Asia Releases "Inaugural 100 to Watch"
    Wealth of Thailand's 50 Richest Rises More ...
    Seo Jung-Jin of Celltrion Tops List for 1st ...
    Industrial Bank of China Maintains Top Spot on ...
    Wealth of Taiwan's 50 Richest on Forbes List ...
    2,755 Billionaires Announced in Forbes 35th ...
    Li Ka-Shing Regains Top Spot on 2021 Forbes ...
    Tycoons on Forbes' 2020 List of Indonesia's 50 ...
    Wealth of 400 Members on 2020 Forbes China ...
    Forbes List of India's 100 Richest Shows Gains ...
    Pandemic Reduces Philippines Rich's Wealth
    Forbes Asia's Power Businesswomen List ...
    Tycoons on 2020 "Forbes Japan Rich List" ...
    Forbes Publishes 34th List of Global ...
    Forbes Releases Annual "30 Under 30 Asia" List
    Forbes Asia Reveals 30 Altruists of ...
    Forbes Asia Launches Inaugural "Best Over A ...
    Lee Kun-Hee Retains No. 1 Spot for 11th Year
    Forbes Announces 4th "30 Under 30 Asia" List
    Companies from China Dominate Forbes Asia's ...
    S. Korea's Lee Kun-Hee Drops to No. 2 Spot on ...
    Forbes Asia's Fabulous 50 List Features A ...
    Singapore's Tycoons on Forbes Rich List See ...
    Forbes Announces World's Biggest Public ...
    Forbes Launches 2017 Global Game Changers List
    Bill Gates Tops List of Forbes’ 2017 Ranking ...
    Forbes Asia Names Cheng Wei as Businessman of ...
    Samsung's Lee Kun-Hee Is the Richest Person in ...
    Tycoons on Forbes Japan List See Wealth Rise ...
    Suh Kyung-Bae Named as "Businessman of the ...
    Record 35 Billionaires on This Year’s ...
    Putin Tops Forbes' 2014 Ranking of World's ...
    Masayoshi Son (孫正義), Japan’s Richest Man
    Forbes & World’s Most Powerful People ...
    Lee Kun-Hee of Samsung Group Tops Forbes' ...
    Forbes Asia Names CP Group's Dhanin ...
    Indonesia Boasts Record 21 Billionaires
    Number of China's Billionaires Hits Record ...
    China, India Tie for Top Place on Forbes ...
    More New Faces on Forbes Asia's "Best Under a ...
    Tech Tycoon Terry Gou, Richest Taiwanese
    Number of Asian Billionaires Soars to 234 from ...
    Lee Kun-Hee Reclaims Richest Korean Title


 

back

 

 

 

The Seoul Times Shinheungro 25-gil 2-6 Yongsan-gu, Seoul, Korea 04337 (ZC)
Office: 82-10-6606-6188 Email:seoultimes@gmail.com
Copyrights 2000 The Seoul Times Company  ST Banner Exchange