Fubon brothers richest in nation

Taipei Times
Date: Jul 03, 2017
By: Staff writer, with CNA

SILICON GODFATHER:TSMC chairman Morris Chang made the ‘Forbes Taiwan’ list for the first time in 50th place after his company’s shares posted a record high last month

Daniel Tsai (蔡明忠) and his brother Richard Tsai (蔡明興) of Fubon Group (富邦集團) were ranked the richest people in the nation on Forbes magazine’s Taiwan’s 50 Richest list for this year.

The brothers took first place for the third consecutive year with their fortune totaling US$10 billion after shares of Fubon Financial Holding Co (富邦金控) and Taiwan Mobile Co (台灣大哥大) soared.

In addition to financial and telecom services, Fubon Group also runs television and online retailer Momo.com Inc (富邦媒體), Forbes said.

Meanwhile, Morris Chang (張忠謀), chairman of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), entered the list for the first time to take 50th place as TSMC shares hit a record high last month, Forbes said.    [FULL STORY]

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