Taiwan Business in Brief – December 2018

Forbes  Lists Gou As Taiwan’s Richest

In its annual survey of Asia’s wealthiest individuals, Forbes magazine named Terry Gou, founder and chairman of Hon Hai Precision Industry Co. (also known as Foxconn), as Taiwan’s richest with a fortune worth US$7.3 billion. The Wei brothers of Ting Hsin Inter-national Group were ranked second with combined assets of US$7.2 billion, and Chairman Tsai Hong-tu of Cathay Financial Holding Co. was third with US$7.1 billion. Brothers Daniel and Richard Tsai of the Fubon Group were ranked fourth – a fall from first place in last year’s survey – with family assets estimated at NT$5.7 billion.