Tsai Hong Tu,
Billionaire Taiwanese Banker
Tsai Hong Tu is a Taiwanese banker & businessman who has an estimated net worth of $1.9 billion. He and his brothers inherited Cathay Holdings, the family run financial services company, after his father died in 2004.
Hong-tu is the Chairman of the Board at Cathay Financial. His family also controls the property development company, Cathay Real Estate. The main company, Cathay Financial Holdings, has three main subsidiaries – Cathay Century Insurance, Cathay Life Insurance & Cathay United Ban.
The company was in a bit of doldrums in 2008 but Hong-tu was quick to bring in his brother, T.Y.Tsai, to revive the fortunes of the firm. On the personal front, Hong-tu is married and has 3 children.
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