Tsai Hong-tu (; born 1 August 1952) is a Taiwanese businessman and banker. He is a son of
Tsai Wan-lin
Tsai Wan-lin (; 10 November 1924 – 27 September 2004) was a Taiwanese businessman who, at the peak of his wealth in 1996, was considered to be the fifth richest person in the world, with a family net worth of US$12.2 billion. At the time of ...
, the former richest person of Taiwan who died in 2004.
Business career
Tsai Hong-tu is the chairman of the board of
Cathay Financial Holdings
Cathay United Bank () is one of the largest commercial banks in Taiwan, with a capital value of TW$67 billion (approximately US$2.23 billion) and more than 165 branches located throughout Taiwan. It is part of Cathay Financial Holdings.
History
...
. Inherited stakes of the company with brothers
Tsai Cheng-da and
T. Y. Tsai when father
Tsai Wan-lin
Tsai Wan-lin (; 10 November 1924 – 27 September 2004) was a Taiwanese businessman who, at the peak of his wealth in 1996, was considered to be the fifth richest person in the world, with a family net worth of US$12.2 billion. At the time of ...
died in 2004. Family also controls
Cathay Real Estate, a Taiwan property developer. In 2010's
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
World's Billionaires List, Tsai was ranked no. 582 in the world, side by side with brothers
Tsai Cheng-da and
T. Y. Tsai, each with individual net worth of 1.7 Billion US Dollar.
Cathay Financial Holdings
Cathay Financial Holding operates its businesses through banking business, which involves in deposit, loan, electronic financial services, credit card business, foreign exchange trading, trust and wealth management, financial trading and financial services, among others; life insurance business, which provides life insurance, injury insurance, health insurance, annuity insurance and investment insurance; property insurance business, which offers automobile insurance, fire insurance, flood insurance, engineering insurance and other insurances; security business, which involves in stock broking and underwriting, as well as capital investment business, which offers security distribution, investment and management consulting services.
Google Finance – Cathay Financial Holdings (Public, TPE:2882)
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References
1952 births
Living people
Taiwanese bankers
Taiwanese billionaires
Tsai family of Miaoli
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