Tsai Cheng-da’s profile picture

Tsai Cheng-da

Tsai Cheng-da’s profile picture
Net worth 2018: $2.65 Billion
Industry: Finance
Residence: Taipei, Taiwan
Country: Taiwan
BIOGRAPHY

Tsai Cheng-da was born in Taipei, Taiwan, Taiwan. Tsai Cheng-da is #888 in List Billionaires People In The World. Tsai sits on the board of Cathay Financial Holdings. His father Tsai Wan-lin, who ran Cathay for years, was Taiwan's wealthiest person at the time of his death in 2004. Brothers Hong-tu and T.Y., and cousins Richard and Daniel Tsai, are all billionaires too.

NET WORTH STATISTIC
2010

$1.7 Billion

2011

$1.6 Billion

2014

$1.8 Billion

2015

$2.1 Billion

2016

$1.4 Billion

2017

$2.3 Billion

2018

$2.65 Billion

TIMELINE
Tsai Wan-lin (simplified Chinese: 蔡万霖; traditional Chinese: 蔡萬霖; pinyin: Caì Wànlín) (10 November 1924 – 27 September 2004) was a Taiwanese businessman who, at the peak of his wealth in 1996, was considered to be the fifth richest person in the world, with a family net worth of US$12.2 billion. At the time of his death in 2004, he was the richest man in Taiwan with a fortune of US$4.6 billion (NT$156.3 billion), ranked 94th worldwide. He founded the Lin Yuan Group, a large banking and insurance group.He was born into a poor farmer's family in Chikunan Town, Chikunan District, Shinchiku Prefecture, Japanese-era Taiwan (modern-day Zhunan, Miaoli). Tsai started out in Taipei by selling vegetables and soybeans with his brothers as a child.With one of his brothers Tsai joined Taipei's Tenth Credit Cooperative in 1960. Two years later, they founded the Cathay Life Insurance Company, which at the time of his death was the largest life insurance company in Taiwan.The family split Cathay Life Insurance in 1979. Tsai Wan-lin founded the Lin Yuan Group with his share. Over the next 10 years, the Lin Yuan Group expanded to become the largest Taiwanese conglomerate. Cathay Financial Holdings, a division of the Lin Yuan Group, became Taiwan's largest financial holding company. Cathay Insurance was renamed Fubon Insurance in 1992.Tsai was first listed by Forbes as a billionaire in 1987. He was appointed a senior adviser to the president of the Republic of China in 2000.He died of heart disease at the age of 81 in Taipei's Cathay General Hospital, which he founded in 1977. He had been hospitalized for six years. Tsai was married to Chou Pao-chin and had seven children.
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