⬅ # 479 Rafael Del Pino|# 481 Paul Singer

# 480 Pierre Chen 

$6.16B

Real Time Net Worth
as of 5/27/2024
$76.3M (1.24%)

# 480 Pierre Chen 

$6.16B

Real Time Net Worth
as of 5/27/2024
$76.3M (1.24%)
OccupationFounder and Chair, Yageo
Source of WealthElectronics
Age67
ResidenceTaipei, Taiwan
Marital StatusDivorced
Children3
EducationBS, National Cheng Kung University
Age-Adjusted Net Worth$3.84B
Pierre Chen
Pierre Chen
Taiwan
Net worth: $6.16B

Self-Made Score 

Wealth History

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Biography

Overview

Pierre Chen, also known as Chen Tai-Min, was born in 1958 in Kaoshiung, Taiwan.
He obtained a Bachelor of Science degree in engineering from National Cheng Kung University in Taiwan.
Chen founded Yageo Corporation in 1977, specializing in electronic component manufacturing.
Under Chen's leadership, Yageo became a global entity with 47 sales offices, 40 manufacturing sites, and 20 R&D centers worldwide.
Chen is deeply involved in the day-to-day management of Yageo, overseeing its operations and strategic direction.

Yageo Corporation History

Yageo Corporation was established in 1977 and is headquartered in Taiwan.
It specializes in manufacturing passive electronic components such as resistors, capacitors, and inductors.
Yageo expanded its reach through strategic acquisitions including ASJ in 1994, Vitrohm and Teapo in 1996, Chilisin in 1997, and Stellar, Inc. in 2002.
In subsequent years, Yageo acquired prominent companies like BrightKing, Pulse Electronics, KEMET Corporation, and Chilisin Electronics Corporation.
The company has continually invested in expanding its production capacity and research and development projects.
Yageo's growth trajectory included mergers with KEMET Corporation in June 2020 and Chilisin Electronics Corporation in January 2022.

Art Collection and Personal Life

Aside from business, Pierre Chen is renowned for his passion for art collecting.
Since 1976, Chen has amassed an impressive collection, including works by renowned artists such as Gerhard Richter, Mark Rothko, Andy Warhol, and Francis Bacon.
One notable piece in his collection is 'Tamsui,' an oil painting by Taiwanese artist Tan Ting-pho, purchased for $4.5 million, setting a world record.
Chen's art collection is managed through the Yageo Foundation.
He resides in a mountain home with breathtaking views of Taipei, reflecting his appreciation for aesthetics and natural beauty.
Chen's diverse interests in both business and the arts highlight his multifaceted personality and achievements.

Joint Ventures and Collaborations

In 2021, Yageo Corporation established a joint venture named Xsemi with Hon Hai Precision Industry Co., Ltd., a leading electronics manufacturer based in Taiwan.
The joint venture aimed to develop semiconductor components, showcasing Yageo's commitment to innovation and strategic partnerships.
This collaboration underscores Yageo's position as a key player in the global electronics industry.
Through joint ventures and collaborations, Yageo continues to leverage its expertise and resources to drive technological advancements and market growth.
These partnerships align with Yageo's vision of fostering innovation and staying at the forefront of electronic component manufacturing.
Yageo's collaborative efforts reflect its proactive approach to addressing industry challenges and seizing emerging opportunities.

How long would it take you to become as rich as Pierre Chen?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Pierre Chen's net worth of $6.16B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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

Pierre Chen 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 Pierre Chen, 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