Tsai Eng-Meng Net Worth, Age, Family & Biography

About Tsai Eng-Meng

Tsai Eng-meng is a significant investor of a few conventional media. He is a businessman who lives in Taiwan and is also the chairman of Want Want China, a snack food company. He was the most extravagant individual in Taiwan in 2017. Tsai is the chairman of the rice cake manufacturer Want Want China Holdings. The Shanghai-based organisation likewise delivers other nibble food, refreshments and pressing materials, and a detailed income of 24 billion yuan ($3.7 billion) in the year to Walk 31, 2022. China Times Group, a privately held news company, is also owned by Tsai.

Tsai Eng-Meng Career

Tsai was born in 1957 in Taipei’s Datong District. His father, Tsai A-Shi, started a business selling canned fish in 1962. He began working for his father’s northern Taiwanese canned food exporter, I Lan Foods Industrial, at the age of 19 rather than attending college. In 1979, Tsai, who didn’t know much about accounting, started running the business and made a loss in his first year.

Tsai reached a deal in 1983 with Japan’s Iwatsuka Confectionery to use its technology to make rice crackers in Taiwan after two years of lobbying. Senbei, or rice crackers, are a casual snack that are often served with green tea to houseguests. The cakes diverted I Lan Food varieties from a cash washout into one of the biggest nibble food creators in Taiwan. Tsai enlisted the brand name “Need,” emulating a canine yapping, in 1989. A picture of Tsai’s Boston terrier hangs in the organisation’s Shanghai base camp.

Tsai Eng-Meng Facts

In a rare interview with the Washington Post in February 2012, the tycoon stated that the 1989 incident at Tiananmen Square was not a “massacre.” Later, he claimed that the remark had been “taken out of context.”