Profil Financier
Chao Teng-hsiung occupe actuellement le rang #1597 du classement mondial StarFortune (secteur immobilier). Fortune nette estimée : $2.6 B (+$454 sur 24h).
Chao Teng-hsiung started Farglory Land, one of Taiwan's largest real estate developers, in 1978 and is still its largest shareholder.
Farglory Land is the flagship unit of Farglory Group, whose interests include financial and retail services, air-cargo logistics and hospitality.
Chao also controls Farglory FTZ Investment Holding, Farglory Life Insurance and Farglory Hotel.
Eldest son Wen-Chia, also known as Frank, took over as Farglory Land chairman in 2014 amid a corruption scandal involving Chao.
In 2022 a Taipei court sentenced Chao to seven years in prison on bribery and corruption charges on the first trial. The second trial is still ongoing.
Born into poverty in western Taiwan, Chao moved to Taipei in 1966 and did odd jobs. He saved money to supply cement to construction firms.
Over time he bought property and developed his own projects, starting out with buildings that combined factories and offices.