Wang Yung-Tsai Net Worth is$2,900 $Million
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Wang Yung-tsai (also known as YT Wang) (traditional Chinese: c??ae?,a??; (January 24, 1921) is the 2nd little brother of Wang Yung-ching (c??ae?,ae??). Wang Yung-tsai's older brother Wang Yung-chung died of Tuberculosis in 1944. Since he was little he has always took the role of little brother very seriously. He would do everything Wang Yung-tsai told him to do.
Wang Yung-tsai loves golf and every day he wakes up at 5am to play and for 30 years, regardless of weather, he would go to the golf course.
In 1993, Wang Yung-tsai was head of the Naphtha Cracker #6 project, which allowed Formosa Plastics Group to generate revenue of two trillion New Taiwan dollar. Wang Yung-tsai was later named the Naphtha Cracker #6 Head Engineer because of the tremendous amount of time and hard work he had put into the project.
In 2002, Wang Yung-ching went into retirement, leaving Wang Yung-tsai in control of Formosa Plastics Group.
In 2010, Wang Yung-tsai was named #10 wealthiest person in Taiwan by Forbes.
Wang Yung-tsai has two wives, three sons, and five daughters. All three of his sons work within the Formosa Plastics Group.
His brother's license plate is 0001 while his is 0002.
For the 60 years since Formosa Plastics Group's formation he has never become the chairman. Wang Yung-tsai has never gone over his brother, this kind of brotherly bond shows what drives the Formosa Plastics Group.

Wang Yung-Tsai Latest News

Wang Yung-tsai’s Death Ends Formosa Plastics Group’s Old Era

Formosa Plastics Group (TPE: 1301), a conglomerate of diverse interests including biotechnology, petrochemical processing and production of electronic components, is officially entering a new era, in terms of power distribution, after co-founder Wang Yung ...
Posted: December 1, 2014, 7:46 am

Formosa Plastics co-founder Wang Yung-tsai dies at 93

TAIPEI - Wang Yung-tsai, Formosa Plastics Group (FPG) co-founder as well as the youngest brother of late FPG founder Wang Yung-ching, died in peace at the age of 93 yesterday, according to an announcement from the company. Wang Yung-tsai, born in 1921, was ...
Posted: November 28, 2014, 8:47 pm

FPG owners to hand over conglomerate's management

FPG was founded by Wang Yung-ching (王永慶) and his younger brother Wang Yung-tsai (王永在) in 1958. The older Wang died in 2008, while the younger Wang died in 2014. Wang Wen-yuan and Wang Wen Chiao are Wang Yung-tsai's sons, while Wang Jui-hua and ...
Posted: May 19, 2017, 7:57 am

Apple’s patent pact with HTC auto-terminates if either party is bought

The group was founded by Wang Yung-ching, one of Taiwan’s most influential entrepreneurs, along with his brother Wang Yung-tsai. The conglomerate is controlled by CEO Wenchi Chen and chaired by Lee Chih-tsuen. In another WTF moment, VIA and HTC share ...
Posted: November 24, 2012, 3:16 am

Formosa Group chairman Wang Yung-tsai dies, aged 93

Taipei, Nov. 27 (CNA) Wang Yung-tsai, head of Formosa Plastics Group, died "of old age" Thursday, the company said. He was 93. Wang, also known as Y.T. Wang, took over as head of one of Taiwan's biggest enterprises in 2002, when his older brother Wang Yung ...
Posted: November 27, 2014, 5:23 am
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