Samuel Yin

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Samuel Yin
Samuel Yin 1st Tang Prize.jpg
Yin at the award ceremony for the first Tang Prize in 2014
Born (1950-08-16) 16 August 1950 (age 69)
Taipei, Taiwan
NationalityTaiwanese
EducationChinese Culture University
National Taiwan University
National Chengchi University
OccupationBusinessman
Known forFounder, Tang Prize
Net worthSteady $2.7 billion (January 2020)[1]
TitleChairman, Ruentex Financial Group
Spouse(s)Married

Samuel Yen-Liang Yin (Chinese: 尹衍樑; pinyin: Yǐn Yǎnliáng; (1950-08-16)16 August 1950) is a Taiwanese billionaire businessman and philanthropist. He is best known for the establishment of the Tang Prize, and as chairman of the Ruentex Financial Group.

Education[edit]

Yin studied history at Chinese Culture University.[2] He received a master's degree in business at the National Taiwan University in 1982, and a PhD in business at the National Chengchi University in 1986. In 2004, Yin was named fellow of the Chinese Institute of Civil and Hydraulic Engineering. In 2008, he was invited to join Russia's International Academy of Engineering and awarded the Engineering Prowess Medal, the academy's highest honour. In 2010, Yin received the Henry L. Michel Award for Industry Advancement of Research by the American Society of Civil Engineers (ASCE) for his contribution in the area of construction technology research. He was the first person without an academic background in engineering to receive the award.[2]

Career[edit]

Yin is the head of the Ruentex Financial Group which invests in Taiwan and China. Ruentex is most known for their construction investments as well as grocery, retail chain RT Mart.[3]

In Taiwan and China, he is recognized as a promoter of entrepreneurship and startups. In 2014, Yin was named as one of the key investors in Gogoro, an electric scooter startup in Taiwan.[4]

Philanthropy[edit]

Yin established the Tang Prize in December 2012.[5] The prize is touted as the Asian equivalent of the Nobel Prize. The mission of the prize is to promote research that is beneficial to the world and humankind, promote Chinese culture and make the world a better place. The prize pays out the equivalent of US$1.7 million in categories of sustainable development, biopharmaceutical science, sinology and the "rule of law".[2]

Yin also provides financial and leadership support for the following foundations in Taiwan and China: the Yin Xun-Ruo Educational Foundation, the Yin Shu-Tien Medical Foundation, the Kwang-Hua Education Foundation, and the Guanghua School of Management of Peking University.[citation needed]

Personal life[edit]

Yin is an experienced offshore sailor and commissioned the construction of two yachts, Sea Eagle and Sea Eagle II, the latter being the world's largest alunimium sailing yacht.[6]

References[edit]

  1. ^ "Forbes profile: Samuel Yin". Forbes. Retrieved 22 January 2020.
  2. ^ a b c "Founder Dr. Yen-Liang Lin". http://www.tang-prize.org. Archived from the original on 17 July 2014. Retrieved 26 January 2015. External link in |website= (help)
  3. ^ "Taiwan's 50 Richest". www.forbes.com. Retrieved 26 January 2015.
  4. ^ Chris, Ziegler (2014-10-30). "mysterious-smart-energy-company-raises-150-million-led-by-ex-htc-executive". The Verge. Retrieved 26 January 2015.
  5. ^ "This Taiwanese Billionaire Is Launching An Asian 'Nobel Prize'". Business Insider. Agence France Presse. 28 January 2013. Retrieved 14 February 2015.
  6. ^ "Royal Huisman Sea Eagle: More than a Mere Yacht - YachtWorld".