Wang Yung-Tsai: Wang Yung-Tsai Net Worth, Biography, Age, Spouse, Children & More

About Wang Yung-Tsai

Wang Yung-tsai (1921-2014), the notable younger sibling of Formosa Plastics Group founder Wang Yung-ching, embarked on his enterprising journey in Taiwan's Xindian District. Beginning his career in the lumber industry in 1948, he later made significant strides at Formosa Plastics, ascending to the position of director of its naphtha cracker in 1993, before becoming chairman in 2002. Wang, who retired in 2006, was celebrated by Forbes as Taiwan's tenth wealthiest individual in 2010, subsequently ranking twelfth in 2014. A fervent golfer, Wang cherished his early morning games. His legacy endured until his passing on 27 November 2014, followed by a funeral on 14 December 2014, survived by three children and a granddaughter.

Born

January 24, 1921 in Taihoku, Taiwan, Empire of Japan

Died

November 27, 2014 (aged 93)

Source Of Wealth

Plastics

Industries

Manufacturing

Citizenship

Taiwan

Residence

Taipei

Wang Yung-tsai was born on 11 January 1921 in Xindian District, New Taipei, Taiwan. He was the younger brother of Wang Yung-ching, the founder of Formosa Plastics Group.

Wang Yung-Tsai: Family

Wang Yung-tsai had three children and a granddaughter. His son, Wang Wen-yuan, succeeded him as chairman of Formosa Plastics in 2006.

Wang Yung-Tsai: Career Highlights

Wang Yung-tsai started his business career with a lumber company in 1948. He later joined Formosa Plastics and became the director of the company's naphtha cracker in 1993. In 2002, he succeeded his brother as chairman of Formosa Plastics and retired in 2006.

Wang Yung-Tsai: Companies

Wang Yung-tsai was involved with several companies, including Formosa Plastics Group, Formosa Chemicals & Fibre Corporation, and Nan Ya Plastics Corporation.

Wang Yung-Tsai: Major Achievements

Wang Yung-tsai played a key role in the growth and success of Formosa Plastics Group. He helped to transform the company from a small plastics manufacturer into one of the world's largest petrochemical companies.

Wang Yung-Tsai: Awards & Achievements

Wang Yung-tsai received numerous awards and recognitions for his contributions to the petrochemical industry. He was ranked as the 10th wealthiest person in Taiwan by Forbes in 2010, and he was inducted into the Plastics Hall of Fame in 2011.

Wang Yung-Tsai: Personal Life & Legacy

Wang Yung-tsai was known for his dedication to his work and his commitment to philanthropy. He was also an avid golfer and often woke up at 5 AM to play.

Wang Yung-Tsai: Trivia

Wang Yung-tsai passed away on 27 November 2014 at the age of 93. His funeral was held on 14 December 2014.

Wealth History

Timeline

1921

Wang Yung-tsai was born in Xindian District, New Taipei, Taiwan.

1948

Wang Yung-tsai started his business career with a lumber company.

1993

Wang Yung-tsai became director of Formosa Plastics' naphtha cracker.

2002

Wang Yung-tsai succeeded Wang Yung-ching as chairman of Formosa Plastics.

2006

Wang Yung-tsai retired as chairman of Formosa Plastics.

2010

Wang Yung-tsai was ranked #10 wealthiest person in Taiwan by Forbes.

2014

Wang Yung-tsai dropped to #12 wealthiest person in Taiwan by Forbes.

27 November 2014

Wang Yung-tsai passed away at the age of 93.

14 December 2014

Wang Yung-tsai's funeral was held.

Wang Yung-Tsai : FAQs

What is Wang Yung-Tsai's net worth?

As of 2014, Wang Yung-Tsai's net worth was $3.10 billion.

What are Wang Yung-Tsai's main sources of wealth?

Wang Yung-Tsai's main source of income comes from Plastics.

In which industry does Wang Yung-Tsai primarily operate?

Wang Yung-Tsai is primarily involved in the Manufacturing industry.

Is Wang Yung-Tsai dead?

Yes, Wang Yung-Tsai died on November 27, 2014 (aged 93).

Who was Wang Yung-tsai and how was he related to the founder of Formosa Plastics Group?

Wang Yung-tsai was the younger brother of Wang Yung-ching, the founder of Formosa Plastics Group. He was instrumental in the company's growth, eventually becoming its chairman.

What was Wang Yung-tsai's early career before joining Formosa Plastics?

Before his significant role at Formosa Plastics, Wang Yung-tsai started his business career with a lumber company in 1948, showcasing his early entrepreneurial spirit.

When did Wang Yung-tsai become chairman of Formosa Plastics, and how long did he serve?

Wang Yung-tsai succeeded his brother as the chairman of Formosa Plastics in 2002 and served in this prestigious role until his retirement in 2006.

How did Wang Yung-tsai spend his leisure time and when did he pass away?

Wang Yung-tsai enjoyed playing golf, often waking up at 5 AM to play. He passed away on 27 November 2014 at the age of 93, and his funeral was held on 14 December 2014.