Tsai Wan-tsai

{{Short description|Taiwanese banker}}

{{Infobox officeholder

| name = Tsai Wan-tsai

| image =

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| birth_name =

| birth_date = {{Birth date|df=y|1929|8|5}}

| birth_place = Chikunan Town, Chikunan District, Shinchiku Prefecture, Japanese-era Taiwan (modern-day Zhunan, Miaoli)

| death_date = {{Death date and age|df=y|2014|10|5|1929|8|5}}

| death_place = Taipei, Taiwan

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| nationality = Taiwanese

| education = National Taiwan University (LLB)

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| occupation = Founder, Fubon Group

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| children = 4

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| office = Member of the Legislative Yuan

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| constituency = Taipei {{small|(until 1981)}}
Business {{small|(1981–83)}}

| term_start = 1 February 1973

| term_end = 31 January 1983

}}

{{family name hatnote|Tsai|lang=Chinese}}

Tsai Wan-tsai ({{zh|c=蔡萬才|p=Cài Wàncái}}; 5 August 1929 – 5 October 2014) was a Taiwanese banker. Born in modern-day Miaoli, his birth name was 蔡萬財. He is one of the brothers of Tsai Wan-lin, and an uncle of Tsai Hong-tu. Tsai Wan-tsai was a member of the Legislative Yuan, the national parliament of Taiwan. He was also the founder of Fubon Group.{{cite news |title=Fubon founder dies at 86 |url=https://www.taipeitimes.com/News/biz/archives/2014/10/06/2003601379 |accessdate=5 October 2014 |publisher=Taipei Times |date=5 October 2014}} In June 2008, Forbes ranked him as the fourth richest of Taiwan, with a net worth of US$5.1 billion.{{cite web |url=https://www.forbes.com/lists/2008/87/biz_taiwanrichest08_Tsai-Wan-tsai_UYFI.html |title=Taiwan's Richest: #4 Tsai Wan-tsai |accessdate=2008-08-01 |work=Forbes |date=}}

Career and Achievements

In 1960, Tsai and his brothers joined Taipei's Tenth Credit Cooperative, marking their entry into the financial sector. Two years later, they co-founded Cathay Life Insurance, which became Taiwan's largest life insurer. Following a family dispute in 1979, Tsai Wan-tsai established Fubon Financial Holding Co., transforming it into Taiwan's fifth-largest financial services company, with assets totaling NT$1.26 trillion.{{Cite web |date=2004-09-29 |title=Tsai led family to dominate nation\'s finance business - Taipei Times |url=https://www.taipeitimes.com/News/biz/archives/2004/09/29/2003204864? |access-date=2025-03-28 |website=www.taipeitimes.com}}

He died at the age of 85 in 2014.{{cite news |last1=Tien |first1=Yu-bin |last2=Cang |first2=S.C. |title=Fubon Group Chairman Tsai Wan-tsai dies |url=https://focustaiwan.tw/news/aeco/201410050013.aspx |accessdate=5 October 2014 |publisher=Central News Agency |date=5 October 2014}} After his death, Fubon established the Tsai Wan-tsai Taiwan Contribution Award in his honor.{{cite news |last1=Tien |first1=Yu-pin |last2=Chen |first2=Christie |title=Fubon unveils new award in late chairman's name |url=http://focustaiwan.cna.com.tw/news/asoc/201412230039.aspx |accessdate=23 December 2014 |agency=Central News Agency |date=23 December 2014}} The company is now run by his sons Daniel Tsai and Richard Tsai.{{cite web |url=http://www.chinapost.com.tw/taiwan-business/2015/06/26/439261/Fubons-Tsai.htm |title=Fubon's Tsai brothers top latest Forbes list of Taiwan's richest people |work=The China Post |date=June 26, 2015}}

References