Tsai Wan-tsai
Taiwanese banker From Wikipedia, the free encyclopedia
Tsai Wan-tsai (Chinese: 蔡萬才; pinyin: Cài Wàncái; 5 August 1929 – 5 October 2014) was a Taiwanese banker. Born in modern-day Miaoli, his birth name was 蔡萬財. He is one of the brothers of Tsai Wan-lin, and an uncle of Tsai Hong-tu. Tsai Wan-tsai was a member of the Legislative Yuan, the national parliament of Taiwan. He was also the founder of Fubon Group.[1] In June 2008, Forbes ranked him as the fourth richest of Taiwan, with a net worth of US$5.1 billion.[2]
Tsai Wan-tsai | |
|---|---|
| Member of the Legislative Yuan | |
| In office 1 February 1973 – 31 January 1983 | |
| Constituency | Taipei (until 1981) Business (1981–83) |
| Personal details | |
| Born | 5 August 1929 Chikunan Town, Chikunan District, Shinchiku Prefecture, Japanese-era Taiwan (modern-day Zhunan, Miaoli) |
| Died | 5 October 2014 (aged 85) Taipei, Taiwan |
| Nationality | Taiwanese |
| Children | 4 |
| Education | National Taiwan University (LLB) |
| Occupation | Founder, Fubon Group |
Career and Achievements
In 1960, Tsai and his brothers joined Taipei's Tenth Credit Cooperative, marking their entry into the financial sector. Two years later, they co-founded Cathay Life Insurance, which became Taiwan's largest life insurer. Following a family dispute in 1979, Tsai Wan-tsai established Fubon Financial Holding Co., transforming it into Taiwan's fifth-largest financial services company, with assets totaling NT$1.26 trillion.[3]
He died at the age of 85 in 2014.[4] After his death, Fubon established the Tsai Wan-tsai Taiwan Contribution Award in his honor.[5] The company is now run by his sons Daniel Tsai and Richard Tsai.[6]
References
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