Wang Yung-Tsai is a Taiwanese businessman who has a net worth of $3.1 billion. Wang Yung-Tsai is the younger brother and business collaborator of deceased Y.C. Wang. Wang Yung-Tsai quietly assisted the creation and growth one of Asia’s largest petrochemical giants, the Formosa Plastics Group. Starting in the 1950s, the duo built the group whose main businesses include Formosa Plastics, Nan Yan Plastics and Formosa Chemicals.
However, Wang’s fortune has slipped over the past year due to a limited industry rebound from the global downturn. Currently retired, Wang has no management oversight of the above mentioned major companies of the group.
| Net Worth: | $3.1 Billion |