Chao Teng-hsiung

Source of wealth: Real estate

81 years male Real Estate 🇹🇼 TW

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Chao Teng-hsiung's fortune with the healthcare spending of a massive country

Chao Teng-hsiung could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.2 years.

But even if we compare their fortune with that of a rich country

On the other end, Chao Teng-hsiung could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Chao Teng-hsiung could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Chao Teng-hsiung could pay for it entirely for 1.1 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Chao Teng-hsiung could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 4.7 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Chao Teng-hsiung with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Chao Teng-hsiung's fortune is equivalent to 19 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Chao Teng-hsiung could buy 5,078,003 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Chao Teng-hsiung will almost certainly have enough money left over to pay for the gas.

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Biography

Chao Teng-hsiung started Farglory Land, one of Taiwan's largest real estate developers, in 1978 and is still its largest shareholder.

Farglory Land is the flagship unit of Farglory Group, whose interests include financial and retail services, air-cargo logistics and hospitality.

Chao also controls Farglory FTZ Investment Holding, Farglory Life Insurance and Farglory Hotel.

Eldest son Wen-Chia, also known as Frank, took over as Farglory Land chairman in 2014 amid a corruption scandal involving Chao.

In 2022 a Taipei court sentenced Chao to seven years in prison on bribery and corruption charges on the first trial. The second trial is still ongoing.