Taiwan stocks performed poorly in 2018. The total net value of the top five richest people in Taiwan, ranked in the Bloomberg Billionaire 500 Index, shrank by about US$2.94 billion (about RMB 20.2 billion), of which Hon Hai , Chairman Terry Gou , decreased by US$1.6 billion (about RMB 11 billion). The position of the richest man in Taiwan was replaced by Chairman Tsai Yanming, Chairman of Want Want Group, and Yin Yanliang, President of Runtai Group, became the only richest person with an increase in net value among the five.
According to Bloomberg data, although Tsai Yanming's net value shrank by US$760 million in 2018, he still surpassed Terry Gou with a net worth of US$5.4 billion; Yin Yanliang's wealth increased by about US$440 million to US$4.7 billion, surpassing Terry Gou and becoming the second richest man in Taiwan, China.
Judging from the calculation method of the Bloomberg Billionaire Index, the net value of the rich mainly reflects changes in the value of the holdings. Hon Hai fell 38.7% in 2018, while Runtai Global rose slightly by 0.5%, which roughly reflects the rise and fall of the wealth of Terry Gou and Yoon Yanliang.
Amazon founder Bezos (Jeff Bezos)'s wealth increased by $24 billion in 2018, with the most wealth among the top 500 Bloomberg Billionaire Index for two consecutive years, while Facebook founder Mark Zuckerberg reduced his net worth by nearly $20 billion the worst. Michael Zeuner, managing partner at
WE Family Office, pointed out that although the financial market performs poorly, the economy itself is still very strong for those who create wealth by running businesses.
For example, amid global trade tensions and market collapse, 31 new players still entered the Bloomberg billionaire rankings in 2018. For example, the game operator Tim Sweeney, who brought in $7.2 billion in wealth this year because Fortnite brought in $7.2 billion in wealth, the unlisted Endeavour Energy Resources company was acquired by its peers for $15 billion, causing the founder Autry Stephens to increase its wealth by $11.4 billion.
Among the richest people in all countries, the net increase of Singapore billionaires was the largest, bringing the total net value of Singapore billionaires to US$38 billion. In comparison, the net value of the five richest people on the list in Taiwan was US$22.1 billion.
However, the combined wealth of the five richest people in Taiwan in China is less than 30% of that of Bezos. Although Amazon's stock price declined, causing Bezos' wealth to evaporate by $45 billion, it still increased by $24 billion in 2018 to $123 billion.
Mainland Chinese rich people lost nearly US$76 billion in 2018, of which Wang Jianlin shrank by US$10.9 billion (about RMB 75 billion), Jack Ma shrank by US$9.8 billion (about RMB 67 billion), and Ma Huateng shrank by US$8.7 billion (about RMB 60 billion). But there are still many outstanding players. For example, Xiaomi founder Lei Jun increased its wealth by US$8.6 billion, second only to Bezos. Mainland Chinese entrepreneurs Wang Jianlin, Jack Ma and Ma Huateng ranked among the top ten miserable losses in the world. Among the 50 rich people who fell out of the Bloomberg Billionaire Index, 11 of which came from mainland China and Hong Kong, China.
