Wang Yung-tsai
Wang Yung-tsai | |
|---|---|
| Born | Template:Birth date Chyokutan, Shinden Town, Bunsan District, Taihoku Prefecture, Japanese Taiwan (present-day Xindian District, New Taipei) |
| Died | November 27, 2014 (aged 93) |
| Occupation | Businessman |
| Known for | Leadership at Formosa Plastics Group |
Wang Yung-tsai (; 24 January 1921 – 27 November 2014) was the younger sibling of Wang Yung-ching, who established the Formosa Plastics Group.
Life and career
Born in Chyokutan, Shinden Town, Bunsan District, Taihoku Prefecture, Japanese Taiwan (present-day Xindian District, New Taipei), Wang Yung-tsai launched his entrepreneurial journey in 1948 by creating a lumber business. After operating it for ten years, he closed the company to join Formosa Plastics and contribute to its management.
In 1993, Wang assumed the role of director at Formosa Plastics' naphtha cracker plant, which was Taiwan's sixth facility of this kind. Following the retirement of his brother Wang Yung-ching in 2002, Wang Yung-tsai took over leadership of the enterprise. Both brothers stepped down as chairmen in 2006, entrusting the company's direction to their descendants.
By 2010, Forbes ranked Wang Yung-tsai as Taiwan’s tenth richest individual; by 2014, his position had shifted to twelfth.
Personal life
Wang Yung-tsai was a father of three and had a granddaughter named Megan Chen. He was passionate about golf and frequently woke early to engage in the sport. Wang died at the age of 93 on 27 November 2014; his funeral took place on 14 December 2014.