Nationality Taiwanese Name Wang Yung-ching Ethnicity Han Role Entrepreneur | Citizenship Republic of China Spouse Liao Chiao (m. ?–2008) Occupation businessman | |
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Born 18 January 1917 ( 1917-01-18 ) Chyokutan jo ,Shinden ku, Shinden shicho, Taihoku Cho, Japanese Taiwan Children Winston Wong, Cher Wang, Diana Wang, Lo Wen-yuan Parents Wang Chang-gung, Wang Jhan-Yang Siblings Wang Yung-tsai, Wang Yung-cheng, Wang Yin-yen, Wang Yin-kuei, Wang Wang-shih, Wang Yin-ying, Wang Yin-wei Similar People Wang Yung‑tsai, Winston Wong, Cher Wang, Terry Gou, Chen Wen‑Chi | ||
Wang Yung Ching
Wang Yung-ching (Chinese: 王永慶; pinyin: Wáng Yǒngqìng; Pe̍h-ōe-jī: Ông Éng-khèng; 18 January 1917 – 15 October 2008), also called YC Wang, was an influential entrepreneur who founded a large business empire in Taiwan. According to the 2008 Forbes survey, he was the 178th richest person in the world with an estimated net worth of US$5.5 billion.
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Despite lacking any formal schooling beyond elementary school, he was ranked 2nd in the Forbes list of Taiwan's Richest in 2008.
Early life and career
Wang was born in Chyokutan jō, Shinden ku, Shinden shichō, Taihoku Chō (modern-day Chitan Village, Xindian District, New Taipei City) in then-Japan-ruled-Taiwan.
Wang served as the chairman of the board of Formosa Plastics Corporation, one of the largest plastic manufacturers in the world, until June 2006, when he stepped down at the age of 89. He remained chairman of the boards of Nan Ya Plastics Corporation, Formosa Chemistry & Fibre Corporation, and Cyma Plywood & Lumber Co. Ltd, but indicated his intention to gradually resign from these positions to retire. He was chairman of Ming-chi Institute of Technology, and Chang Gung Medical Foundation. After his death, Wang's position at Chang Gung, were filled by younger brother Wang Yung-tsai, then third wife Lee Pao-chu. He had been a vocal supporter of the Three Links between Taiwan and Mainland China.
Wang's first marriage was to Wang (née Guo) Yueh-lan, with whom he had no children. His second marriage to Yang Chiao produced Wang's first children, a total of five. Wang later married a third time in 1935 to Lee Pao-chu. Wang and Lee had another five children; Wang fathered a total of ten. His eldest son from his second marriage with Yang Chiao, Winston Wang, founded Grace Semiconductor Manufacturing with Jiang Mianheng, the son of former Communist Party of China General Secretary Jiang Zemin in 2000. A daughter from his second marriage, Charlene Wang founded Taiwan-based First International Computer, Inc. Another daughter, Cher Wang, founded High Tech Computer (HTC) and VIA Technologies. Among the Wang siblings, Cher has come closest to rivaling her father's wealth. In 2011, Forbes estimated Cher Wang's personal fortune at $8.8 billion, making her the wealthiest individual in Taiwan.
YC Wang died in his sleep on 15 October 2008, at his home in Short Hills, New Jersey. He was 91 years old. His estate has been in litigation for years, and was recently dismissed in the United States, being sent to Taiwan for continued litigation.