⬅ # 544 William Goldring|# 546 Chip Wilson

# 545 Tsai Eng-Meng 

$5.94B

Real Time Net Worth
as of 5/18/2024
$16.7M (0.28%)

# 545 Tsai Eng-Meng 

$5.94B

Real Time Net Worth
as of 5/18/2024
$16.7M (0.28%)
OccupationChair, Want Want
Source of WealthFood, Beverages
Age67
ResidenceShanghai, China
Marital StatusMarried
Children2
Age-Adjusted Net Worth$3.70B
Tsai Eng-Meng
Tsai Eng-Meng
Taiwan
Net worth: $5.94B

Self-Made Score 

Wealth History

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Biography

Overview

Tsai Eng-meng, born in 1957 in Datong District, Taipei, is a Taiwanese businessman.
He succeeded his father as chairman of Want Want in 1987, at the age of 30.
Tsai Eng-meng resides in Shanghai, China, and is married with two sons, Kevin and Matthew (Tsai Wang-Chia).
His older son, Kevin Tsai, manages the family's media empire, while his younger son, Matthew Tsai, serves as the COO of Want Want China.
Tsai Eng-meng follows Buddhism and is known for his political activism in support of Chinese unification.

Career and Business Ventures

Tsai Eng-meng took over his father's food business at the age of 19, introducing rice flour crackers as a new product.
Under his leadership, Want Want expanded its operations, becoming one of Taiwan's largest rice cake and flavored drink manufacturers.
In 1983, Want Want collaborated with Iwatsuka Confectionery to develop the rice cracker market in Taiwan.
Want Want established its presence in mainland China in 1992, with its first production plant in Changsha, Hunan.
In 2008, Want Want China Holdings Ltd. was listed on the Main Board of the Hong Kong Stock Exchange.
The company diversified its portfolio by acquiring media assets, including China Times newspaper and China Television Co.

Financial and Political Influence

Tsai Eng-meng has been politically active, advocating for Chinese unification.
Want Want Holdings has faced controversy regarding its alleged ties to the Chinese Communist Party and accusations of receiving subsidies from the Chinese government.
In 2019, allegations surfaced that Want Want China Times Group's media outlets received Chinese funding to influence Taiwanese politics, which the company denied.

How long would it take you to become as rich as Tsai Eng-Meng?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Tsai Eng-Meng's net worth of $5.94B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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Tsai Eng-Meng 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 Tsai Eng-Meng, Food and Beverages are the primary sources. 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