Taiwan’s 50 Wealthiest Got Richer

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Taiwan’s 50 wealthiest people saw their wealth grow by 21% last year, according to the 2017 Forbes Taiwan Rich List. The magazine attributed the significant gains to a rebound in the stock market.

Overall, the 50 wealthiest people in Taiwan saw their combined net worth grow to US$124 billion.

Fubon Financial Holdings’ brothers Daniel and Richard Tsai retained their top spot on the list for the third consecutive year with an estimated net worth of US$10 billion, which is US$2 billion more than the previous year.

Hon Hai Precision Industry Co., Ltd. chairman Terry Gou came in second with an estimated US$9.5 billion. Gou’s wealth may decline in coming years, however, as he promised in March to fund cancer research through the Yonglin Health Foundation (永齡健康基金會). While he previously pledged to more than 90% of his wealth to social causes, he said that he would not put a limit on the amount he was willing to donate in the fight against cancer.

The largest financial gainer in the list was Largan Precision co-founder Tony Chen who saw his wealth grow 73% to US$2.2 billion. The company’s other co-founder Scott Lin  saw his wealth increase by 69% to US$2.7 billion.

Only four Taiwanese tycoons saw their net worth decline last year.

Forbes noted that “the minimum net worth to make the list rose by $80 million to $930 million.” And there are now “47 billionaires and billionaire families on the list, up from 39 last year.”

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