Wang Yung-ching Feed

New Jersey hosts estate fight over $14 billion legacy

One of the world's 200 richest people died October 15, 2008 in New Jersey at the age of 91.  Wang Yung-ching was born in Taiwan as the poor son of a tea farmer.  His formal education ended at elementary school.  He grew up as a child laborer in such poverty that most of us can't even imagine.  Wang_yung_ching

From those humble beginnings, he amassed a fortune worth what was believed to be seven billion dollars.  Now that his estate has found its way into probate court, that figure reportedly was off by half.  That's right, his legacy is now valued at fourteen billion dollars. 

How he'd get so rich?  The United States government lent him a small sum in 1954.  Wang used it to found a plastics company, Formosa Plastics Corp., that produces plastics for countless everyday products all over the world.  He was called the "God of Management" in Taiwan.

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