Terry Gou is chairman of Hon Hai Precision, the world’s largest electronics contract manufacturer, whose top customers include Apple. Hon Hai employs roughly, around a million people.
Terry Gou is going through a very hard patch in his life. In the list of Taiwan’s richest, his wealth has gone down 23% since the last compilation. Hon Hai Industry founder has gone down a total of $ 2.2 billion.
Despite it all, Terry Gou still tops the list, up from No.2 last year. Brothers Daniel & Richard Tsai, who had held the top spot, slip to No. 4.
It is a big supplier to Apple and other technology companies. But all of it has slowed down as the U.S dollars strengthens, U.S.-China trade friction continues and global demand for new devices softens.
Taiwan’s Stock Index
The Taiwan stock index fell from 3.3% between July and November. But in spite of this, many other stocks rose or fell tremendously. Ten tycoons make the list for the first time, up from just two last year, and four return to the list after dropping off in recent years.
New Chain of Billionaires
A new chain of billionaires has popped up, after calculated, six in total. The ratio of women in Taiwan’s 50 richest has always been inadequate. Last year, no woman made it to the list but this year 3 women did. All of them inherited the wealth they had.