Tsai Hong-tu’s profile picture

Tsai Hong-tu

Tsai Hong-tu’s profile picture
Net worth 2018: $2.94 Billion
Industry: Finance
Residence: Taipei, Taiwan
Country: Taiwan
Children: 3
BIOGRAPHY

Tsai Hong-tu was born in Taipei, Taiwan, Taiwan. Tsai Hong-tu is #799 in List Billionaires People In The World. Tsai chairs Cathay Financial Holdings, the financial services company that made his father Tsai Wan-lin Taiwan's wealthiest man before he died in 2004. Brothers Cheng-da and T.Y. are billionaires, as are their cousins Richard and Daniel Tsai.

NET WORTH STATISTIC
2010

$1.7 Billion

2011

$1.6 Billion

2014

$2 Billion

2015

$2.3 Billion

2016

$1.6 Billion

2017

$2.6 Billion

2018

$2.94 Billion

TIMELINE
Tsai Hong-tu (Chinese: 蔡宏圖; born 1 August 1952) is a Taiwanese businessman and banker. He is a son of Tsai Wan-lin, the former richest person of Taiwan who died in 2004.Tsai Hong-tu is the Chairman of the Board of Cathay Financial Holdings. Inherited stakes of the Company with brothers Tsai Cheng-da and T.Y. Tsai when father Tsai Wan-lin died in 2004. Family also controls Cathay Real Estate, a Taiwan property developer. In 2010's Forbes World's Billionaires List, Tsai was ranked no. 582 in the world, side by side with brothers Tsai Cheng-da and T.Y. Tsai, each with individual net worth of 1.7 Billion US Dollar.Cathay Financial Holding operates its businesses through banking business, which involves in deposit, loan, electronic financial services, credit card business, foreign exchange trading, trust and wealth management, financial trading and financial services, among others; life insurance business, which provides life insurance, injury insurance, health insurance, annuity insurance and investment insurance; property insurance business, which offers automobile insurance, fire insurance, flood insurance, engineering insurance and other insurances; security business, which involves in stock broking and underwriting, as well as capital investment business, which offers security distribution, investment and management consulting services.
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