Grizzly Bulls LogoGrizzly BullsHow it WorksCalculator🚀 PremiumBlog
Log In

Grizzly Bulls’ Billionaires Index

⬅ # 456 Marcos Galperin|# 458 Maria Asuncion Aramburuzabala ➡

# 457 Jason Chang 

$6.34B

Real Time Net Worth
as of 7/2/2024
-$168.8M (-2.66%)

# 457 Jason Chang 

$6.34B

Real Time Net Worth
as of 7/2/2024
-$168.8M (-2.66%)
OccupationFounder and Chair, Advanced Semiconductor Engineering
Source of WealthElectronics
Age80
ResidenceTaipei, Taiwan
Marital StatusMarried
Children3
EducationBS, National Taiwan University
Age-Adjusted Net Worth$1.64B
Jason Chang
Jason Chang
Singapore
Net worth: $6.34B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Jason Chang, born on May 18, 1944, is a Taiwanese/Singaporean billionaire.
He currently chairs Advanced Semiconductor Engineering (ASE), a leading semiconductor assembling and test manufacturing company based in Taiwan.
Alongside his brother Richard, Jason is a major investor in Sino Horizon, a commercial real estate developer.
Chang's hometown is Wenzhou, China.

Recognition and Awards

In September 2015, Chang received a Semiconductor Equipment and Materials International SEMI Award for his significant achievements in developing and commercializing copper wire in the IC assembly process.
In November 2018, he was awarded an Honorary Doctor of Engineering from National Sun Yat-sen University (NSYSU).
Chang publicly apologized in December 2013 for water pollution caused by an ASE plant in southern Taiwan, following a fine from Kaohsiung City Government.
He has three children: Danielle, Rutherford, and Madeline, with his wife Ching Ping Chang, an interior designer.

Company Overview - ASE Group

History
Founded in 1984 by Jason and Richard Chang, ASE Group is headquartered in Kaohsiung, Taiwan.
As of April 1, 2016, the company's market cap was US$8.77 billion.
ASE Group is the largest Outsourced Semiconductor Assembly and Test (OSAT) provider, with over 90% of electronics companies worldwide utilizing their services.
In May 2015, ASE Group established a joint venture named ASE Embedded Electronics Inc. with TDK, focusing on IC embedded substrates utilizing TDK's SESUB technology.
ASE Group and Siliconware Precision Industries (SPIL) announced a consolidation agreement in May 2016 to form a new holding company.

Technological Innovations
ASE specializes in semiconductor assembly, packaging, and testing services, offering a wide range of packaging technologies such as fan-out wafer-level packaging (FO-WLP), wafer-level chip-scale packaging (WL-CSP), flip chip, 2.5D and 3D packaging, and system in package (SiP).
The company has been at the forefront of fan-out wafer-level packaging (FO-WLP), a technology enabling ultra-thin, high-density packages, which is a growing trend in the industry.
ASE initiated volume production of wafer-level chip-scale packages (WL-CSP) in October 2001, catering to the demand for smaller and faster portable consumer devices.
Flip chip technology, employed by ASE, is expected to see significant growth driven by mobile, wireless devices, computing applications, and smart TVs.
ASE has been collaborating with AMD since 2007 to bring 2.5D packaging technology to market, notably producing Fiji, a 2.5D-based GPU processor designed for extreme gamers.

Environmental Initiatives
ASE faced public scrutiny in December 2013 for water pollution caused by untreated wastewater from a plant in southern Taiwan, resulting in a fine and public apology from Jason Chang.
From 2010 to 2013, ASE invested US$13.2 million in treating industrial water and $25.3 million to build a water recycling plant in Kaohsiung, Taiwan.
The water recycling plant, operational since January 2015, handles up to 20,000 metric tons of wastewater per day, recycling half for internal use and discharging the rest into city drains, meeting local regulations.

Facilities and Operations
ASE's main operations are in Kaohsiung, Taiwan, with additional plants in China, South Korea, Japan, Malaysia, and Singapore.
The company also has offices and service centers in several countries including China, South Korea, Japan, Singapore, Belgium, and the United States.
In October 2013, an incident occurred at ASE's K7 facility in Kaohsiung, leading to a temporary suspension of operations. However, by December 2014, operations resumed after improvements were made in wastewater treatment.
ASE continues to invest in expanding its production capacity, with plans to double its SiP production capacity within three years as of April 2015.

How long would it take you to become as rich as Jason Chang?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Jason Chang's net worth of $6.34B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Jason Chang is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jason Chang, Electronics is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey