Terry Gou ranks as richest man in Taiwan, 182nd in world

Taipei--Terry Gou (???), chairman of Hon Hai Precision Industry Co. (??), is the richest person in Taiwan and the 182nd richest person in the world, according to the Forbes 2017 billionaire list.

In its latest billionaire report posted on its website on Monday, Forbes said the high-tech tycoon's net worth totaled US$7.5 billion as of March 20, 2017, surpassing the US$6.2 billion net worth of Want Want Group Chairman Tsai Eng-meng (???) to become Taiwan's wealthiest person.

Gou's global ranking for 2017 rose from 228th in 2016, while Tsai's fell from 201st to 234th, Forbes data showed.

Forbes said Gou founded Hon Hai in 1974 with US$7,500 in his pocket and a belief that electronic products "would be an integral part of everyday life in every office and in every home."

Hon Hai, also known as Foxconn outside Taiwan, has now become the largest contract electronics maker in the world and assembles iPhones and iPads for Apple Inc.

Last year, Hon Hai became the first Taiwanese company to buy a major Japanese enterprise when it acquired a 66 percent stake in Japan's Sharp Corp. for US$3.5 billion.

Tsai's business empire covers a wide range of businesses, such as food, media, financial services and hotels.

Lin Yu-lin (???), the head of property developer Hong Tai Group (????), ranked third in Taiwan and 281st in the world with a net worth of US$5.5 billion, followed by Samuel Yin (???), who heads conglomerate Ruentex Group (????) and has a net worth of US$4.2 billion to rank 414th globally.

Luo Jye (??), chairman of Cheng Shin Rubber Ind. Co. (????), was the fifth wealthiest Taiwanese (460th globally, US$3.9 billion in net worth), followed by Barry Lam (???), chairman of the world's largest notebook computer contract maker, Quanta Computer Inc. (??) (474th globally, US$3.8 billion).

Fubon Financial Holding Co. (???) Chairman Richard Tsai (???) was tied with his brother Daniel Tsai (???), the company's vice chairman, as the 7th richest people in Taiwan (630th in the world) with a net worth of US$3.1 billion.

Scott Lin (???), co-founder of smartphone camera lens supplier Largan Precision Co. (???), was tied with Tsai Hong-tu (???), chairman of Cathay Financial Holding Co. (???), as the 9th richest people in Taiwan and 782nd in the world with a net worth of US$2.6 billion, according to Forbes.

In the 2017 rankings, Bill Gates, founder of Microsoft, retained the position as the richest person in the world with a net worth of US$86 billion. Gates has held the title for four years in a row, Forbes said.

Source: Focus Taiwan News Channel