Foxconn head regains richest man’s status in Taiwan

Taipei, Terry Gou (???), founder and chairman of Foxconn Technology Group, the world's largest contract electronics manufacturer and a major supplier to Apple, became Taiwan's richest man again in 2018, despite a noticeable contraction of his wealth, Forbes Magazine reported Tuesday.

Regardless of a 23 percent shrinkage, or a loss of US$2.2 billion, in his fortune over the past year, Gou took the No. 1 spot, up from No. 2 in 2017, to become the richest man in Taiwan again, with a wealth of US$7.3 billion, Forbes reported.

The magazine attributed his falling wealth to a drop in Taiwan's stock market and a strengthening U.S. dollar amid a trade war between the United States and China this year.

Brothers Wei -- Wei Ing-chou (???), Wei Ying-chiao (???), Wei Yin-chun (???), Wei Ying-heng (???), of Ting Hsin International Group ranked second this year, with assets totaling US$7.2 billion, followed by Cathay Group led by chairman Tsai Hong-tu (???) with a wealth of US$7.1 billion at third, according to Forbes.

Daniel Tsai(???) and Richard Tsai (???) of Fubon Group (????) were bumped off from No. 1 to No. 4, with family assets estimated at US$5.7 billion, ahead of Want Want Group Chairman Tsai Eng-meng (???) with US$5.6 billion-worth of fortune at fifth.

Lin Shu-Hong (???), a co-founder of petrochemicals and plastics giant Chang Chun Group, who enjoyed the largest growth in wealth over the past year, jumped to sixth place with US$3.9 billion in assets.

Rounding up the top 10 places were No. 7 Barry Lim (???), founder and chairman of Quanta Computer with US$3.6 billion, No. 8 Jason Chang (???) and Richard Chang (???) of Advanced Semiconductor Engineering, Inc. with US$3.2 billion, No. 9 Pierre Chen (???), founder and chief executive officer of Yageo Corp. with US$3.1 billion, and No. 10 Luo Jye (??), chairman of Cheng Shin Rubber Ind. Co., Ltd., with US$2.9 billion.

No women made the Taiwan's top 10 richest 2018 list compiled by Forbes.

Source: Focus Taiwan News Channel