Wealth ranking: 247th in the world and 4th in Taiwan Province Province.
Wealth: $4.3 billion
Fubon Bank, the largest private bank in Taiwan Province Province, plans to participate in Xiamen Commercial Bank through its Hong Kong subsidiary Fubon Hong Kong Bank, which has become a hot topic in the financial circles on both sides of the strait. The big boss behind Fubon is Cai Wancai, who is nearly eighty years old this year.
A few years ago, Cai Wancai gradually faded out of business and handed the baton to his eldest son Cai Chongxin and his second son Cai Mingxing. Fubon Group earned a net profit of NT$ 654.38+04 billion, ranking first in the property insurance industry on the island.
Among Chua's first four brothers in business, Cai Wancai, with a loud voice, is the most active one. When the brothers separated more than 20 years ago, Cai Wancai was divided into several companies whose core business was Cathay Pacific Property Insurance. Later, Cathay Pacific Property Insurance was renamed Fubon Property Insurance. 200 1 The first financial control company in Taiwan Province Province was established by integrating five major companies, including property insurance, securities, banking, life insurance and investment trust.
Cai Wancai believes that the financial industry should be seven points conservative and three points enterprising, so as to be smooth and have time to grow slowly, and never have the mentality of nouveau riche. He said that the first generation of entrepreneurship is very hard to lay the foundation, and the capital may not be enough to pay interest; The second generation is still working hard to merge; When his grandson arrives, the well water will be dug and inexhaustible, but it will not flood.
"This business must be sustainable. After the third generation, we must rely on foreign professional management, otherwise the cause will stop here. When the company grows up, it will go public to raise public funds. Every time it increases its capital, the family funds will be diluted a little, and its own shares will be less. It is natural to promote the popularization of the company, especially the professional operation of the company. "
Cai Wancai followed the development characteristics of Cai Jia Group, focusing on finance and real estate first, and then expanding into service industry and manufacturing industry. Now Fubon continues to acquire commercial banks, with the goal of becoming the financial flagship of mixed operation; At the same time, by participating in the first two telecom companies in Taiwan Province Province, it has become a new leader in the telecom service market.