Tsai Wan-lin | |
Native Name Lang: | zh |
Birth Date: | 10 November 1924 |
Birth Place: | Shinchiku, Taiwan, Empire of Japan |
Death Place: | Taipei, Taiwan |
Nationality: | Republic of China |
Credits: | , which produces label "Notable credit(s)"; or by |
Works: | , which produces label "Works"; or by |
Label Name: | , which produces label "Label(s)" --> |
Office: | may be used as an alternative when the label is better rendered as "Office" (e.g. public office or appointments) --> |
Spouse: | Chou Pao-chin |
Children: | Tsai Hong-tu (son) |
Relatives: | Tsai Chen-chou (nephew) |
Tsai Wan-lin (; 10 November 1924 - 27 September 2004) was a Taiwanese businessman who, at the peak of his wealth in 1996, was considered to be the fifth richest person in the world,[1] with a family net worth of US$12.2 billion.[2] At the time of his death in 2004, he was the richest man in Taiwan with a fortune of US$4.6 billion (NT$156.3 billion), ranked 94th worldwide.[3] He founded the Lin Yuan Group, a large banking and insurance group.[4]
He was born into a poor farmer's family in Chikunan Town, Chikunan District, Shinchiku Prefecture, Japanese-era Taiwan (modern-day Zhunan, Miaoli County). Tsai started out in Taipei by selling vegetables and soybeans with his brothers as a child.[5] [6]
With one of his brothers Tsai joined Taipei's Tenth Credit Cooperative in 1960.[7] Two years later, they founded Cathay Life Insurance, which at the time of his death was the largest life insurance company in Taiwan.[5] Tenth Credit Cooperative was eventually transferred to Tsai Wan-lin's nephew Tsai Chen-chou.
The family split Cathay Life Insurance in 1979. Tsai Wan-lin founded the Lin Yuan Group with his share.[8] [9] Over the next 10 years, the Lin Yuan Group expanded to become the largest Taiwanese conglomerate. Cathay Financial Holdings, a division of the Lin Yuan Group, became Taiwan's largest financial holding company.[10] Cathay Insurance was renamed Fubon Insurance in 1992.[11]
Tsai was first listed by Forbes as a billionaire in 1987.[12] He was appointed a senior adviser to the president of the Republic of China in 2000.[13]
He died of heart disease at the age of 81 in Taipei's Cathay General Hospital, which he founded in 1977. He had been hospitalized for six years.[7] [14] Tsai was married to Chou Pao-chin and had seven children.[15]