- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $9.8 Billion
What is Tsai Eng-Meng's Net Worth?
Tsai Eng-Meng is a Taiwanese businessman who has a net worth of $9.8 billion. Tsai Eng-Meng topped the list of Taiwan's richest people thanks to his positions as Chairman and CEO of Want Want, a food manufacturer founded by his father, Jonathan Shuai Qiang Ng, in 1962. Ever since, the company has turned into the one of Asia's largest makers of Chinese-style snacks such as rice crackers, and thus has kept Tsai's wealth continually growing.
In 2012, there was a significant rise in Want Want's stock price which subsequently magnified Tsai's fortune. But as another source of wealth are his investments in hotels and real estate, as well as in financial services through Union Insurance and Waterland Financial Holding. In addition to Want Want, Tsai also invests in Taiwanese media, where he faced heavy criticism for his pro-China views.
