Main holdings are Cathay Financial Holdings, which he chairs and whose subsidiaries include Cathay Life Insurance, and Cathay Real Estate, whose stock is up this year thanks to a recovery in Taiwan's property market. With family, inherited fortune from father Tsai Wan-lin, who died in 2004. Public holdings were calculated using stock prices and exchange rates from May 20. Because many families use nominees and proxies to hold their shares, in some cases we used analysts' projections of holdings. To determine holdings and net worths, we relied on public and private information, interviews with business leaders and their families, and industry and stocks analysts, among others. In a nod to the importance of family businesses throughout Asia, our country-specific rankings, including Taiwan, often list extended families who wouldn't make the cut of our Billionaires list, such as that of Wei Ing-Chou, who shares his fortune with his brothers. They lag Hong Kong's top 40 by $102 billion and China's by $43 billion, but considering its political isolation and relative size, it holds its own. The net worth of Taiwan's 40 Richest is $77 billion, more than their counterparts in South Korea or any southeast Asian nation. Other resourceful Taiwanese are getting rich making everything from rubber and glass to noodles, cars and sneakers. Finance underlies some of the biggest, and oldest, fortunes, including the $8.5 billion one belonging to the nation's wealthiest, Tsai Hong-tu, the chairman of Cathay Financial Holdings, and his family.
Wang, who shares her fortune with her husband, is the only woman among the 40. 1 notebook computer maker and supplier to Dell and Cher Wang, who heads mobile device maker HTC. No surprise then that 8 of these tech geeks made the top 40, including Terry Gou, whose Hon Hai Precision Industry makes Apple iPods and other gadgets Barry Lam, cofounder of Quanta, the world's No. Most of the world best knows Taiwan for its high-tech entrepreneurs.
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