Want Want Group (旺旺集團) chairman Tsai Eng-meng (蔡衍明) remains the richest man in Taiwan, with a fortune of US$10 billion, according to the Hurun Report Global Rich List 2015, released yesterday.
The ranking of US dollar billionaires around the world is compiled by Chinese magazine Hurun Report and sponsored by Chinese luxury home builder Star River Property.
A total of 48 Taiwanese are included on this year’s list, including former vice president Lien Chan (連戰), who has a fortune of US$6.1 billion.
Lien is the first Taiwanese politician to be included on the list, Hurun Report said.
Among ethnic Chinese, the richest person is Li Ka-shing (李嘉誠), chairman of Hong Kong’s Cheung Kong Holdings (長江實業), who has a fortune of US$32 billion.
In China, a Chinese solar energy tycoon has replaced e-commerce giant Alibaba’s (阿里巴巴) founder Jack Ma (馬雲) as the country’s richest person with a fortune of US$26 billion, the report showed.
Li Hejun (李河君), founder and chairman of Beijing-based Hanergy, saw his wealth nearly triple from a year ago, according to the Hurun Report’s Global Rich List 2015.
He is now the wealthiest person in China and his global ranking climbed 108 notches to No. 28, according to the list.
Ma claimed the title in mainland China last year after Alibaba completed the world’s biggest initial public offering with its US$25 billion listing on the New York Stock Exchange in September last year. He dropped to third place in the country with a fortune of US$24.5 billion, it said.
Ma was overtaken by Li and property baron Wang Jianlin (王健林), owner of the sprawling Dalian Wanda Group (大連萬達集團) whose net worth was estimated at US$25 billion, the report said.
Li’s Hanergy Holding Group Ltd was established in 1994 and spans the hydropower, wind power and solar energy industries, according to the company’s Web site.
Bill Gates, co-founder of US technology giant Microsoft, remained the world’s richest person on the Hurun global list with a net worth of US$85 billion. He was followed by Mexican telecoms tycoon Carlos Slim (US$83 billion) and US investment guru Warren Buffett (US$76 billion), the luxury magazine publisher said.
Facebook founder Mark Zuckerberg is ranked seventh with a fortune of US$44 billion.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has appointed Rose Castanares, executive vice president of TSMC Arizona, as president of the subsidiary, which is responsible for carrying out massive investments by the Taiwanese tech giant in the US state, the company said in a statement yesterday. Castanares will succeed Brian Harrison as president of the Arizona subsidiary on Oct. 1 after the incumbent president steps down from the position with a transfer to the Arizona CEO office to serve as an advisor to TSMC Arizona’s chairman, the statement said. According to TSMC, Harrison is scheduled to retire on Dec. 31. Castanares joined TSMC in
RSS