Wang Yung-ching
Taiwanese plastics entrepreneur (1917–2008)
Wang Yung-ching (Chinese: 王永慶; pinyin: Wáng Yǒngqìng; Pe̍h-ōe-jī: Ông Éng-khèng; 18 January 1917 – 15 October 2008), also called Y.C. Wang, was a Taiwanese businessman. He was best known for being the chairman of Formosa Plastics Corporation, one of Taiwan's foremost plastic manufacturing establishments until his retirement in June 2006, where he stepped down at the age of 89. In 2008, Forbes ranked him as the 178th richest person in the world with an estimated net worth of US$5.5 billion.
Despite lacking any formal schooling beyond elementary school, he was ranked 2nd in the Forbes list of Taiwan's Richest in 2008.
Early life and career
Wang was born in Chyokutan jō, Shinden ku, Shinden shichō, Taihoku Chō (modern-day Chitan Village, Xindian District, New Taipei City) in then-Japan-ruled-Taiwan.
In 1995, Wang signed a contract with Marco Terragni (chairman of Italproducts) to create Inteplast, the biggest company in the world for the production of Cartonplast.
Wang served as the chairman of the board of Formosa Plastics Corporation, one of the largest plastic manufacturers in the world, until June 2006, when he stepped down at the age of 89. He remained chairman of the boards of Nan Ya Plastics Corporation, Formosa Chemistry & Fibre Corporation, and Cyma Plywood & Lumber Co. Ltd, but indicated his intention to gradually resign from these positions to focus on his retirement. He was chairman of Ming-chi Institute of Technology, and Chang Gung Medical Foundation.
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