Douglas Hsu Net Worth

He inherited the company from his father, Hsu Chung-jen, who founded the group in the 1950s. Douglas Hsu is a Taiwanese businessman and the current chairman of the Far Eastern Group, one of the largest conglomerates in Taiwan. He inherited the company from his father, Hsu Chung-jen, who founded the group in the 1950s. His net worth is estimated to be $1.8 billion, which he shares with his family.
Douglas Hsu is a member of Richest Billionaires

Age, Biography and Wiki

Birth Day	April 24, 1941
Birth Place	China
Age	82 YEARS OLD
Birth Sign	Taurus
Net Worth:	$1.8 Billion
Gender:	Male

💰 Net worth: $2.1 Billion (2024)

Douglas Hsu, widely recognized as one of the wealthiest individuals in China, is estimated to have a net worth of $2.1 billion by 2024. With this immense fortune, Hsu has established himself as a prominent figure in the billionaire community. Known for his exceptional business acumen and successful ventures, he has amassed substantial wealth through his various business endeavors. As a celebrated entrepreneur, Hsu's notable achievements and financial status have earned him the prestigious title of one of the richest billionaires in China.

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It was Hsu's father Yu-Ziang Hsu who set up the Far East Knitting Factory in China in 1937 in order to produce "Skyscraper" underwear. In 1949 the company was transferred to Taiwan, after the mainland and Taiwan were politically split by civil war. Now, it is active in diversified businesses that include mobile operator Far EasTone, U-Ming Marine Transport, Everest Textile, Asia Cement, Oriental Union Chemical, Far East Department Store and Far Eastern International Bank. Hsu is an alumnus of Wenzhou Normal College and Notre Dame University and he is the one who earns the credits for the company's vast expansion. Married with three children, Douglas Hsu currently resides in Taipei, Taiwan.