| Birth Place | Taiwan |
Wang Yung-Tsai, a prominent figure in Taiwan's manufacturing industry, is currently estimated to have a net worth of $3.1 billion as of 2024. With a successful career spanning several decades, Wang has played a pivotal role in the development and growth of manufacturing in Taiwan. His entrepreneurial journey has led him to establish and lead various companies, contributing significantly to the country's economic prosperity. Wang's immense wealth is a testament to his expertise, innovation, and dedication to driving progress in the manufacturing sector.
Wang began his Business career by founding a lumber company in 1948, which he closed ten years later to help run Formosa Plastics.
In 1993, Wang was named Director of Formosa Plastics' naphtha cracker, the sixth processing plant of its kind in Taiwan. In 2002, Wang Yung-ching went into retirement, leaving Wang Yung-tsai in control of Formosa Plastics. Both officially retired as chairmen in 2006, handing the conglomerate over to their children.
In 2010, Wang Yung-tsai was named #10 wealthiest person in Taiwan by Forbes. By 2014, Wang had dropped two spots to #12.
Wang Yung-tsai had eight children by two wives. He was a fan of golf and would often wake up at 5 A.M to play. He died on 27 November 2014 at the age of 93. Wang's funeral was held on 14 December 2014.
