User:Vycl1994/Chao Teng-hsiung

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Chao Teng-hsiung (Chinese: 趙藤雄; born 4 October 1944) is a Taiwanese real estate developer.

Career[edit]

Chao was born to a Hakka family in Houlong, Miaoli, in 1944. As a child, Chao helped his father fish and worked on the family farm before his apprenticeship as a plasterer and cement mixer, aged 15.[1][2] Two years later, Chao helped build a temple to the goddess Matsu. He moved to Taipei in 1966, taking menial jobs until he had saved up enough money. Chao then became a supplier of cement and a subcontractor.[3] Subsequently, Chao founded the Far East Construction Group, predecessor to the Far Glory Group [zh], in 1969.[4][5] In the early 2000s, Chao chaired the Federation of the Real Estate Development Association.[6] Chao began investing in Chinese real estate in 2001.[7][8]

Personal life[edit]

Chao has spoken favorably regarding Chinese investment in Taiwanese real estate.[9][10]

His net worth as valued by Forbes was US$1.8 billion in 2008, ranking thirteenth on the Taiwan Rich List.[11] He placed eleventh on the same list the next year, though his wealth had dropped to US$1.4 billion.[12] In 2010, Chao's net worth decreased to US$1.4 billion, and his rank dropped to fifteenth.[13] He made his first appearance on The World's Billionaires.[14] Despite an increase in net worth in 2011, to US$1.7 billion, he remained fifteenth on the Taiwan Rich List.[15]

References[edit]

  1. ^ "Tycoon to build NT$10 billion medical center in hometown". Taipei Times. 21 December 2010. Retrieved 11 September 2018.
  2. ^ "#828 Chao Teng-Hsiung". Forbes. 10 March 2010. Retrieved 11 September 2018.
  3. ^ Flannery, Russell (6 June 2008). "Tighter Straits". Forbes. Retrieved 11 September 2018.
  4. ^ "#1650 Chao Teng-hsiung". Forbes. Retrieved 12 September 2018.
  5. ^ "Milestones of the Farglory Group's History". Farglory Group. Retrieved 12 September 2018.
  6. ^ "Businessmen visit Yu". Taipei Times. 9 July 2003. Retrieved 12 September 2018.
  7. ^ "Local property developers pack their bags for China". Taipei Times. 3 January 2001. Retrieved 12 September 2018.
  8. ^ Huang, Joyce (8 September 2003). "Property market hoping law will prompt recovery". Taipei Times. Retrieved 12 September 2018.
  9. ^ Huang, Joyce (30 October 2003). "Chinese real-estate firm arrives to assess prospects". Taipei Times. Retrieved 12 September 2018.
  10. ^ Huang, Joyce (31 October 2003). "Property market rebounds". Taipei Times. Retrieved 12 September 2018.
  11. ^ "#13 Chao Teng-Hsiung". Forbes. 4 June 2008. Retrieved 11 September 2018.
  12. ^ "#11 Chao Teng-Hsiung". Forbes. 1 July 2009. Retrieved 11 September 2018.
  13. ^ "#15 Chao Teng-Hsiung". Forbes. 31 March 2010. Retrieved 11 September 2018.
  14. ^ "#828 Chao Teng-Hsiung". Forbes. 10 March 2010. Retrieved 11 September 2018.
  15. ^ "#15 Chao Teng-Hsiung". Forbes. 2011. Retrieved 11 September 2018.


Category:1944 births Category:Living people Category:Taiwanese real estate businesspeople Category:Taiwanese billionaires Category:Taiwanese people of Hakka descent Category:20th-century Taiwanese businesspeople Category:21st-century Taiwanese businesspeople Category:People from Miaoli County

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