Tsai Wan-tsai

Taiwanese banker

Tsai Wan-tsai

Member of the Legislative Yuan
In office
1 February 1973 – 31 January 1983
Constituency| Taipei (until 1981)
Business (1981–83)
Personal details
Born| (1929-08-05)5 August 1929
Chikunan Town, Chikunan District, Shinchiku Prefecture, Japanese-era Taiwan (modern-day Zhunan, Miaoli)
Died| 5 October 2014(2014-10-05) (aged 85)
Taipei, Taiwan
Nationality| Taiwanese
Children| 4
Education| National Taiwan University (LLB)
Occupation| Founder, Fubon Group

In this Chinese name, the family name is  Tsai.

Tsai Wan-tsai (Chinese: 蔡萬才; pinyin: 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.[1] In June 2008, Forbes ranked him as the fourth richest of Taiwan, with a net worth of US$5.1 billion.[2]

## Career and Achievements

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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.[3]

He died at the age of 85 in 2014.[4] After his death, Fubon established the Tsai Wan-tsai Taiwan Contribution Award in his honor.[5] The company is now run by his sons Daniel Tsai and Richard Tsai.[6]

## References

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1. ^ "Fubon founder dies at 86". Taipei Times. 5 October 2014. Retrieved 5 October 2014.
2. ^ "Taiwan's Richest: #4 Tsai Wan-tsai". Forbes. Retrieved 2008-08-01.
3. ^ "Tsai led family to dominate nation\'s finance business - Taipei Times". www.taipeitimes.com. 2004-09-29. Retrieved 2025-03-28.
4. ^ Tien, Yu-bin; Cang, S.C. (5 October 2014). "Fubon Group Chairman Tsai Wan-tsai dies". Central News Agency. Retrieved 5 October 2014.
5. ^ Tien, Yu-pin; Chen, Christie (23 December 2014). "Fubon unveils new award in late chairman's name". Central News Agency. Retrieved 23 December 2014.
6. ^ "Fubon's Tsai brothers top latest Forbes list of Taiwan's richest people". The China Post. June 26, 2015.

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