Tsai Hong-tu

Tsai Hong-tu is a Taiwanese lawyer, businessman, and banker who currently chairs Cathay Financial Holdings.

Early life and education

Tsai was born in Zhunan, Miaoli County, and grew up in Taipei. His father was Taiwanese billionaire Tsai Wan-lin.
After high school, Tsai attended law school at National Taiwan University and graduated with a Bachelor of Laws in 1974. He then completed graduate studies in the United States, earning a Juris Doctor and a Ph.D. from Southern Methodist University in 1978. He was admitted to the District of Columbia Bar in 1979.

Business career

In 2004, Tsai inherited stakes of the company with his brothers Tsai Cheng-da and T. Y. Tsai when their father Tsai Wan-lin died. The Tsai family also controls Cathay Real Estate, a Taiwanese property developer.
In the 2010 Forbes World's Billionaires List, Tsai was ranked No. 582 in the world, alongside his brothers, each with individual net worth of US$1.7 billion. In the same year, Forbes also listed Tsai as one of the world's most altruistic individuals for donating US$3 million toward Typhoon Morakot relief and for giving US$7.8 million to National Taiwan University's law school in 2003.