Wang Yung-Tsai
Manufacturing

Wang Yung-Tsai Net Worth

1 year from now

Wang Yung-Tsai is the younger brother of the late entrepreneur Y.C. Wang, and together they built the Formosa Plastics Group into one of Asia's largest petrochemical manufacturers. After Y.C.'s death in 2008, Yung-tsai's son took over the business and the family's companies include Nan Ya Plastics, Formosa Plastics and Formosa Chemicals & Fiber. Unfortunately, the family is now embroiled in a legal dispute, with Y.C.'s son Winston claiming his half-sisters and Formosa Plastics executives have taken assets that should have been his.
Wang Yung-Tsai is a member of Manufacturing

Age, Biography and Wiki

Birth Place Taiwan

💰 Net worth: $3.1 Billion (2024)

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.

2011 $3.5 Billion
2012 $3.2 Billion
2013 $3 Billion
2014 $3.1 Billion
2018 $3.1 Billion

Biography/Timeline

1948

Wang began his Business career by founding a lumber company in 1948, which he closed ten years later to help run Formosa Plastics.

1993

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.

2010

In 2010, Wang Yung-tsai was named #10 wealthiest person in Taiwan by Forbes. By 2014, Wang had dropped two spots to #12.

2014

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.

Some Wang Yung-Tsai images

Tags Taiwanese businesspeople Taiwanese people of Hoklo descent 1921 births 2014 deaths Taiwanese billionaires People from New Taipei Taiwanese business biography stubs Taiwanese people stubs

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.