Pierre Chen’s profile picture

Pierre Chen

Pierre Chen’s profile picture
Net worth 2018: $2.96 Billion
Industry: Diversified
Residence: Taipei, Taiwan
Country: Taiwan
Children: 3
BIOGRAPHY

Pierre Chen was born in Taipei, Taiwan, Taiwan. Pierre Chen is #898 in List Billionaires People In The World. Chen chairs Yageo, electronics component maker whose parts are found in everything from mobile phones to tablet PCs to cars. Chen started Yageo in 1977 and took the company public 16 years later. Avid art buyer, he has works by Gerhard Richter, Mark Rothko, Andy Warhol and Francis Bacon. His mountain home has spectacular views of Taipei.

NET WORTH STATISTIC
2015

$2 Billion

2016

$1.9 Billion

2017

$2 Billion

2018

$2.96 Billion

TIMELINE
Pierre Chen (1958 - ) is a Taiwanese businessman, art collector and the founder and Chief Executive Officer of Yageo Corporation, which deals with electronic domains and makes products ranging from mobiles, automobiles, palmtops and desktops. He is 'number 949' in the 2015 Forbes list of billionaires in the world and 'number 14' in Taiwan.He grew up in Kaoshiung in a middle- class Taiwan family . Since childhood he was keen on visiting art galleries and when he became a student in 1976, he decided to buy a wooden sculpture by Hong Kong artist Cheung Yee, which cost 25 000 Taiwanese dollars. Chen received a BS degree in engineering from NCKU in Taiwan. Chen founded Yageo in 1977. In 2000 he had purchased some amount of shares in a company Phillips by the name of Phycomp for US$ 575.5 million and became the first person in Taiwan to get an internationally popular company.He is the owner of nine factories and offices in 17 countries, and is daily in charge of in Yageo’s day-to-day management.Chen is well known as an art collector. He has started collecting since 1976. One of the paintings in his collection is Tamsui, an oil painting by Japanese-period Taiwanese artist Tan Ting-pho. It fetched $4.5 million (NT$144 million), setting the latest world record for a ‘NT $100 million’ purchase of an oil painting by an ethnic Chinese artist. Chen's art collection is administered through the Yageo Foundation.He was married to an actress Rosamund Kwan. They got divorced in 2015 after 8 years of being together.
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