UPDATES ON THE TOP 10 RICHEST BILLIONAIRES IN TAIWAN 2017 AND THEIR NET WORTH

The list was compiled using shareholding and financial information from the individuals, stock exchanges and analysts. Net worths are based on stock prices and exchange rates as of the close of markets on October. Private companies were valued based on the price-to-book ratios of similar companies that are publicly traded. This ranking, unlike Forbes’ list of the world’s billionaires, includes numerous family fortunes shared by individuals with their children and grandchildren, or with their sibling. Here are the Top Richest Billionaires in Taiwan 2017.

10. Luo Jye: Net worth $3.8 billion

From early success in Taiwan as a supplier of bicycle tires, Luo-led tiremaker Cheng Shin Rubber has ridden China’s auto industry boom into the ranks of the world’s billionaires. Cheng Shin supplies the China market from a large manufacturing base in Fujian Province, across the Taiwan Strait. Shares have risen 49% in the past year. Customers include GM, Ford. It plans to expand in Taiwan and China