Chao Teng-hsiung
$2.72B
$11.7M (-0.4%)
as of 07/05/24
About Chao Teng-hsiung
Chao Teng-hsiung started Farglory Land, one of Taiwan's largest real estate developers, in 1978 and is still the largest shareholder.
Farglory Land is the flagship unit of Farglory Group, whose interests include financial and retail services, air-cargo logistics and hospitality.
Chao also controls Farglory FTZ Investment Holding, Farglory Life Insurance and Farglory Hotel.
Eldest son Wen-Chia, also known as Frank, took over as Farglory Land chairman in 2014 amid a corruption scandal involving Chao.
In 2022 a Taipei court sentenced Chao to seven years in prison on bribery and corruption charges on the first trial. The second trial is still ongoing.
Personal stats
Citizenship
Taiwan, Province of ChinaSource of wealth
Real estateResidence
Taipei, Taiwan, Province of ChinaMarital status
MarriedBirth date
10/04/44 (age 79)Number of children
3Self-made
self-madeChao Teng-hsiung’s fortune is worth
45K
troy ounces of gold
42K
median U.S. household
27K
median U.S. income
0.054%
U.S. credit card volume
0.011%
GDP of the United States
0.008%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Born into poverty in western Taiwan, Chao moved to Taipei in 1966 and did odd jobs. He saved money to supply cement to construction firms.
Net worth over time
Real-time ranking
Financial assets
TAIWAN | 2712-TW
Far Glory HotelTAIWAN | 5607-TW
FargloryTAIWAN | 5522-TW
Farglory DevelopersTAIWAN | 5522-TW
Farglory DevelopersTAIPEI | 5859-TW
Farglory Life InsuranceImages © Forbes.com. All rights reserved.