Taiwan’s Top Businessmen: Wealth Tycoons Shaping The Financial Landscape In 2023

Taiwan’s top businessmen namely Brothers Daniel and Richard Tsai, The Wei Brothers, Lin Shu-Hong, tsai Hong-Tu and Cheng-Ta, and Zhang Congyuan embody Taiwan’s economic strength, innovation, and global influence, solidifying its position in the international business landscape.

Taiwan, a dynamic economic hub in East Asia, is home to influential figures shaping its financial landscape. Taiwan’s top businessmen namely Brothers Daniel and Richard Tsai, The Wei Brothers, Lin Shu-Hong, tsai Hong-Tu and Cheng-Ta, and Zhang Congyuan embody Taiwan’s economic strength, innovation, and global influence, solidifying its position in the international business landscape.

Taiwan’s Top Businessmen

Brothers Daniel and Richard Tsai jointly manage Fubon Financial Holding, a major Taiwanese financial institution valued at over $20 billion. Born in 1956 or 1957, Daniel Tsai is a Taiwanese billionaire. Alongside his brother, he oversees Fubon Financial, established by their father Tsai Wan-Lin. As of April 2022, Daniel Tsai’s net worth is approximately $4.9 billion. Residing in Taipei, Taiwan, he is married with four children. The Tsai family also invests in Taiwan Mobile and momo.com, a TV-shopping venture. The founder of Fubon, their father Tsai Wan-Lin, passed away at the age of 86 in 2014.

The Wei brothers, Ing-Chou, Ying-Chiao, Yin-Chun, and Yin-Heng, dominate Tingyi, a major beverage and noodle producer in mainland China. They also possess Dicos, a fast-food chain, and engage in real estate ventures across the Taiwan Strait. Ing-Chou focuses on F&B, Ying-Chiao on telecom and real estate, Yin-Chun on oil and dairy, and Yin-Heng on restaurants and supermarkets. Notably, Yin-Chun faced legal consequences in 2018, receiving a five-year and nine-month sentence for food safety violations and consumer fraud in a cooking oil scandal. Released on parole in 2021, the Wei brothers continue their diversified business activities in the region.

Lin Shu-Hong, at 95, previously chaired Chang Chun Group, one of Asia’s major petrochemical companies with operations across Taiwan, mainland China, and Southeast Asia, until the end of 2013. Lin, alongside Tseng Shin-yi and M.K. Liao, co-founded the business in 1949 with a humble $100. He is the sole surviving member of the trio. “Chang Chun,” meaning “long spring” in Chinese, reflects their desire for enduring bonds. Lin Shu-Hong, the third wealthiest individual in Taiwan, has made a self-made fortune in petrochemicals and continues to reside in Taipei, Taiwan.

Tsai Hong-Tu and Cheng-Ta, alongside half-brother Cheng-Chiu, jointly head Cathay Financial Holdings, a prominent financial services company in Taiwan. Tsai Hong-tu serves as the chairman of Cathay Financial Holdings, inheriting stakes alongside his brothers Tsai Cheng-da and T. Y. Tsai following their father Tsai Wan-lin’s passing in 2004. The family also commands Cathay Real Estate, a Taiwanese property development firm. In the 2010 Forbes World’s Billionaires List, Tsai achieved a global ranking of 582. Notably, his brother T.Y. Tsai divested his interests years ago. The family’s financial endeavours contribute to their status as the fourth richest in Taiwan for 2023.

Zhang Congyuan, a Taiwanese billionaire and entrepreneur, established Huali Industrial in 2004, evolving from humble beginnings in a rural Taiwanese farming family. After initial work in a women’s shoe factory, he ventured into entrepreneurship, founding a successful sneaker business. Today, Huali Industrial, with factories in China, Vietnam, and Dominica, manufactures footwear for numerous renowned brands, including Nike, Puma, UGG, and Vans. Zhang’s contributions extend beyond Huali, as he co-founded Symphony Holdings, a Hong Kong-listed shoemaker, although he has since divested his stake and parted ways with the company.