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40 Taiwanese Named in Annual Billionaire Report
Posted on 2019-11-09 15:14:13
Forty Taiwanese people have been named in an annual billionaire report
published with collaboration by the global financial services networks of UBS
and PwC, an increase from 35 in the previous report.

According to the UBS/PwC Billionaires Report 2019, 11 new Taiwanese
billionaires were added to the list for the wealth they possessed in 2018,
while 6 fell off the list.

Their wealth added US$1.1 billion to the overall holdings of Taiwan's 40
richest people, whose combined assets reached US$85.5 billion last year -- up
1 percent from 2017.

Of the 11 newcomers, several are from the property, raw materials and retail
sectors, with three being self-made, said the report published by
PricewaterhouseCoopers and UBS Group AG. Their average age is 73.

Among the 40 Taiwanese billionaires, there was only one woman, who made her
fortunes in the real-estate sector and was one of the 11 billionaires newly
added to the 2019 report.

Twenty-seven of the billionaires were self-made, whose wealth accounted for
63 percent of the total owned by the 40 billionaire.

Sixteen were aged over 70 and planned to grant or give a total of about US$30
billion in wealth to the younger generation in their family within the next
20 years.

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