Taiwan’s Richest Man Eyes Run For President As An Independent

Forbes
Date: Sep 13, 2019
By: Ralph Jennings, Contributor 

Terry Gou is surrounded by the media after meeting with KMT Chairman Wu Den-yih at the party headquarters in Taipei, Taiwan, Monday, May 13, 2019.
AP PHOTO/CHIANG YING-YING

Foxconn’s billionaire founder Terry Gou said on Thursday that he is leaving the opposition Kuomintang party, fueling speculation that he might run for president as an independent candidate in next year’s election.

Gou's aide, Tsai Chin-yu, told reporters, “The KMT puts party interests ahead of national interests, which goes completely against Mr. Gou’s original intention to return to the party.”

After decades spent building Foxconn into the world’s biggest contract assembler of consumer electronics including iPhones, Gou stepped down as chairman in June to contest the KMT’s nomination for president in the January 2020 election. But the party instead nominated Han Kuo-yu, the mayor of Kaohsiung, in July.

Despite his estimated wealth of $6.6 billion, the 68-year-old business legend is finding the transition to becoming a presidential candidate a formidable challenge.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.