Wang began his business career by founding a lumber company in 1948, which he closed ten years later to help run Formosa Plastics.[2]
In 1993, Wang was named director of Formosa Plastics' naphtha cracker, the sixth processing plant of its kind in Taiwan.[1] In 2002, Wang Yung-ching went into retirement, leaving Wang Yung-tsai in control of Formosa Plastics.[3] Both officially retired as chairmen in 2006, handing the conglomerate over to their children.[4]
In 2010, Wang Yung-tsai was named #10 wealthiest person in Taiwan by Forbes.[5] By 2014, Wang had dropped two spots to #12.[6]
Personal life
Wang Yung-tsai had three children and a granddaughter named Megan Chen who now goes to TES, and one wife.[7] He was a fan of golf and would often wake up at 5 A.M to play.[8] He died on 27 November 2014 at the age of 93.[9] Wang's funeral was held on 14 December 2014.[10]
