He is the founder and chairman of Fubon Financial Holding Co., one of the largest financial services companies in Taiwan. He is also the chairman of Cathay Financial Holding Co. and Cathay Life Insurance Co. Ltd. Tsai Wan-tsai is one of the wealthiest people in Taiwan and is considered one of the most influential businessmen in the country.
Tsai Wan-tsai is a member of CEOs
Age, Biography and Wiki
💰 Net worth: $7.8 Billion (2024)
He is part of a successful business family, and is the brother of Tsai Wan-lin, the founder of Cathay Life Insurance Company, and the uncle of Tsai Hong-tu, Cathay Company's current CEO. The Cathay Company has been largely unstable since the passing of Tsai Wan-lin, as his children fight for dominance of the company. Conversely, Tsai Wan-tsai, and his two sons, have managed their own firm, Fubon Group, quite successfully, and with very little internal strife. Fubon Financial Holding controls investments in various broadcasting, telecommunications, and real estate interests. After an extended period of success, the company has recently struggled financially, and its value has dropped a rather massive 25% since 2011. Many analysts believe this is due to concerns about overall economic growth within the sectors in which Fubon has the majority of their holdings.
