Organized by: Shang Zhoujun
Recently Forbes announced the 2021 Taiwanese Rich List. Due to the successful listing of footwear manufacturer Huali Group, the founder Zhang Congyuan and his family members won the top laurel with a fortune of 13.8 billion US dollars, which is also the only billionaire in Taiwan, China, to exceed 10 billion US dollars. Cathay Pacific Financial Holdings' Cai Hongtu and Cai Zhengda ranked second with a fortune of $9.2 billion. Fubon Financial Holdings' Cai Mingzhong and Cai Mingxing are worth US$7.9 billion, rising two places to third place.
The 2021 Forbes Taiwanese Richest Billionaires are ranked behind: the four Dingxin Wei brothers ($7.8 billion), ASE Zhang Qiansheng, Zhang Hongben brothers (72 Hon Hai Group Guo Taiming ($7.1 billion), Wangzhong Group Cai Yanming ($6.1 billion), Quanta Computer Lin Baili ($5.8 billion), Yageo Chen Taiming ($5 billion), Changchun Group Lin Shuhong ($4.8 billion).
Forbes Taiwan Rich List
Forbes said,Taiwan's economy will be at the forefront of the Asian region in 2020. Compared with the last time the list was released 15 months ago, Taiwan's weighted stock index soared by 45%, and the overall wealth of the 50 richest people reached US$149 billion, an increase of about 30%.
Looking at the whole list, the wealth of 36 people on the list has achieved positive growth, and the richest people with the most wealth growth are all involved in the semiconductor industry. The global demand for smartphone chips has surged, MediaTek Chairman Cai Mingjie (ranked 13; wealth value $3.3 billion), former vice chairman Zhuo Zhizhe (ranked 35; wealth value $1.56 billion) Their fortunes rose by more than 150%. The two brothers, Zhang Qiansheng and Zhang Hongben, from ASE Semiconductor, are the billionaires with the largest increase in wealth this year, an increase of 2.6 billion US dollars, and their total worth reached 7.2 billion US dollars. With the release of the much-anticipated iPhone 12 , Apple major chip maker TSMC has greatly benefited, and the founder Zhang Zhongmou (ranked 15) has increased his wealth to $2.8 billion, an increase of 87%. The electric vehicle market is booming, and Delta Electronics , a maker of electric equipment for Tesla , jumped. Delta Electronics' Zheng Chonghua (ranked 20; wealth worth $2.42 billion) has more than doubled his wealth.
Rising demand for electric vehicles is good news for the rich in the plastics industry. Petrochemicals and plastics giant Changchun Group's Tseng Cheng & Sing-ai, with a combined fortune of $2.65 billion, landed on the list for the first time this year at No. 17. Wu Yigui, chairman of Taiju Group, ranked 47th on the list for the first time this year, with a net worth of US$840 million. Also, it’s worth noting that the minimum wealth threshold for this year’s list is $740 million,That's up from $590 million last year.
Zhang Congyuan mentioned four times in an interview that he "confessed his fate": the richest man dare not think that I am just a shoemaker
As the founder of the second largest shoe factory in the world, what Zhang Congyuan did is to be looked down upon by everyone. It seems illogical at first glance that the sulfur shoe business (mainly used in canvas shoes) can be so valuable. Zhang Congyuan specializes in picking up tasteless orders, and what he earns is the troublesome little money for a pair of canvas shoes. His industry has no secrets at all, and the profit is so low that others do not want to copy it. Zhang Congyuan, the 74-year-old founder of Huali: "I just accept my fate." The first and second most profitable shoes among all shoes, the vulcanized shoes are probably the last one."
According to "Business Week", Zhang Congyuan started from scratch without any background. He started in a pig house in Yunlin. . Zhang Congyuan has no innovative business model, and the most frequent keyword in the interview is: "I accept my fate."
Over the past 30 years, Zhang Congyuan has devoted himself to these small orders, and strived to break through the bottleneck of mass production. "It's not that I don't communicate with the outside world, it's that I'm too busy to communicate with the outside world." Zhang Congyuan said, "I don't think it's more difficult to have to pick the leftover orders from others... The point is, have you compared The determination of others to do better."
"Mysterious Shoe King" Zhang Congyuan
On April 26, Zhang Congyuan's Huali Group was listed on the Shenzhen Stock Exchange ChiNext.In this listing, Huali Group was listed at 33.22 yuan per share, with a total share capital of 1.167 billion shares, 117 million shares of public offering, and 3.887 billion yuan of IPO funds. The total market value of the company on the day of listing exceeded 100 billion. As of the close of A-shares on May 13, the market value reached 102.8 billion yuan, which is nearly 4 times that of Yue Yuen Group, a shoe-making company under Baocheng, the world's leading shoe-making company.
Zhang Congyuan, chairman of Huali Group, has always been hailed as the "mysterious shoe king" by the outside world. According to the prospectus, Zhang Congyuan, his wife Zhou Meiyue, the eldest son Zhang Zhibang, the eldest daughter Zhang Wenxin, and the second son Zhang Yuwei formed the Zhang Congyuan family. The actual controller of the shares, the family indirectly controls 97.23% of Huali shares through Hong Kong Junyao Group Co., Ltd. and Zhongshan Yuting. After the company went public, the Zhang Congyuan family still controls more than 87% of the company's shares. An analyst said that because of the concentration of chips, this is also the key to Huali's market value and Zhang Congyuan's worth soaring.
According to Taiwan's "Economic Daily", in the 1990s, Taiwan's operating costs were soaring, and Taiwan's shoe industry was forced to move to mainland China. At that time, Huali Group moved from Yunlin to Zhongshan, Guangdong. City, and later transferred to Vietnam, and is currently laying out a new production base Myanmar. Huali Group was registered as a Taiwan-funded enterprise in 2004, mainly engaged in the development, design, production and sales of sports shoes. It is the world's leading professional manufacturer of sports shoes, with a total of 43 subsidiaries. Products include sports casual shoes, outdoor boots shoes, sports sandals, professional running shoes, etc. Customers include Nike, Converse, Vans , Puma, UGG , Columbia , Under Armour and other world-renowned Sports brand. In 2020, Huali Group's operating income was 13.931 billion yuan,Realized net profit of 1.878 billion yuan.
According to " Daily Economic News", Huali Group stated on the investor interactive platform on May 1 that Nike accounted for more than 30% of the company's revenue, and Nike is also the company's largest Take the first half of 2020 as an example, the customer Nike accounted for 33.3% of the company's revenue, and about 30.72 million pairs of sports shoes were sold to Nike.
However, although Huali Group has been listed and its market value has won the first place in Taiwanese shoe factories, according to Taiwan's "Economic Daily" report, Huali Group is not without challenges. Since Zhang Congyuan is 73 years old, he is facing the stage of handing over the baton. At present, his daughter has already served in the group and is in charge of finance, and the issue of succession has also been paid. The second is that the new crown epidemic in 2020 will impact the footwear industry. Hongfu, the world's second largest shoe factory, has been exposed to a large number of layoffs. Although Hongfu has set a strategy of "putting production in Vietnam and R&D in Zhongshan (Guangdong)", the In the future, due to labor costs and labor disputes, shoe factories are still facing great pressure to relocate.
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