18 January 1917|
Chyokutan jō, Shinden ku, Shinden shichō, Taihoku Chō, Japanese Taiwan
|Died||15 October 2008
Short Hills, New Jersey, United States
|Home town||Taihoku Prefecture, Taiwan, Empire of Japan|
|Children||Winston Wong, Cher Wang|
|Awards||Forbes 178th richest person (2008)|
Wang Yung-ching (Chinese: 王永慶; pinyin: Wáng Yǒngqìng; 18 January 1917 – 15 October 2008), also called YC Wang, was an entrepreneur who founded a large business empire in Taiwan. According to the 2008 Forbes survey, he was the 178th richest person in the world with an estimated net worth of US$5.5 billion.
Early life and career
Wang served as the chairman of the board of Formosa Plastics Corporation, one of the largest plastic manufacturers in the world, until June 2006, when he stepped down at the age of 89. He remained chairman of the boards of Nan Ya Plastics Corporation, Formosa Chemistry & Fibre Corporation, and Cyma Plywood & Lumber Co. Ltd, but indicated his intention to gradually resign from these positions to retire. He was chairman of Ming-chi Institute of Technology, and Chang Gung Medical Foundation. After his death, Wang's position at Chang Gung, were filled by younger brother Wang Yung-tsai, then third wife Lee Pao-chu. He had been a vocal supporter of the Three Links between Taiwan and Mainland China.
Wang's first marriage was to Wang (née Guo) Yueh-lan, with whom he had no children. His second marriage to Yang Chiao produced Wang's first children, a total of five. Wang later married a third time in 1935 to Lee Pao-chu. Wang and Lee had another five children; Wang fathered a total of ten. His eldest son from his second marriage with Yang Chiao, Winston Wang, founded Grace Semiconductor Manufacturing with Jiang Mianheng, the son of former Communist Party of China General Secretary Jiang Zemin in 2000. A daughter from his second marriage, Charlene Wang founded Taiwan-based First International Computer, Inc. Another daughter, Cher Wang, founded High Tech Computer (HTC) and VIA Technologies. Among the Wang siblings, Cher has come closest to rivaling her father's wealth. In 2011, Forbes estimated Cher Wang's personal fortune at $8.8 billion, making her the wealthiest individual in Taiwan.
YC Wang died in his sleep on 15 October 2008, at his home in Short Hills, New Jersey. He was 91 years old. His estate has been in litigation for years, and was recently dismissed in the United States, being sent to Taiwan for continued litigation.
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- "US judge retains tycoon's case". Taipei Times. 15 August 2009.
Wang Yung-ching died of cardiopulmonary arrest on Oct. 15 at his house in Short Hills, New Jersey, two days after arriving from Taiwan. He traveled to Short Hills 'numerous times on a regular basis every year of the last 20-plus years of his life,' and lived there in the 1980s, the complaint said.
- Young, Doug (2008-10-16). "Taiwan's 3rd richest man, petrochem giant, dies". Reuters. Retrieved 2008-10-16.
- "Forum Non Conveniens in Federal Probate Litigation". www.clarkskatoff.com. Retrieved 2016-10-19.
- Yang, Alice (2008-10-23). "Wang Yung-ching: A Life Ends, the Legend Lives On". CommonWealth Magazine. Retrieved 2008-12-09.