Tsai Wan-lin

Tsai Wan -lin (Chinese蔡万霖, born November 10, 1924 in Miaoli, † 27 September 2004 in Taipei) was a Chinese businessman from Taiwan. He was the founder of the banking and insurance group Lin Yuan Group. Tsai was considered the richest man in the country. With an estimated personal fortune of 4.6 billion U.S. dollars in 2004, he was ranked number 94 of the list of the richest people of the U.S. business magazine Forbes.

Life

Tsai came from poor farming conditions. Together with his brother Tsai Wan -tsai he sold as a child in Taipei vegetables and soybeans. Attending a secondary school could not afford the family.

Along with one of his brothers Tsai graduated in 1960 at a credit cooperative. Two years later, both founded the Cathay Life Insurance Company, which is the largest life insurance companies in Taiwan today. After the company's management of Cathay Life was permanently secured within one's own family, the two brothers in 1979, the Lin Yuan Group founded. During the following ten years, the Lin Yuan Group expanded to the largest group of the island.

The bank, the insurance division of the family and the venture capital company were merged in 2001 to Cathay Financial Holdings and are now the largest financial holding company in Taiwan.

Tsai released in 1987 for the first time as a billionaire on the Forbes list. In 2000 he was appointed as Advisor to the President of the Republic of China. Tsai was married. His son is the entrepreneur Tsai Hong -tu.

Tsai died on 27 September 2004 at the Cathay General Hospital Taipei at the age of 81 years from heart disease. He had established himself in 1977 the hospital.