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Billionaire Profile
Douglas Hsu
Global Rank
#1587

Image: 中華民國外交部 | Attribution | via Wikimedia Commons

Douglas Hsu

CEO, Diversified
TAIWAN
Real-Time Net Worth
$2.594B
Estimated based on Diversified stock value as of March 6, 2026
+0.65% (24h)
Age
83
Source
Diversified
Industry
Diversified
Citizenship
TAIWAN

Biography

Douglas Hsu is a prominent Taiwanese businessman and the Chairman of Far Eastern Group, a highly diversified conglomerate. Born on August 24, 1942, Hsu has cultivated a successful career in the diversified industry. His leadership has been pivotal in growing Far Eastern Group into one of Taiwan's largest companies, spanning textiles, cement, construction, air cargo, petrochemicals, retail, hotels, and telecoms. His estimated net worth is $1.2 billion, a sum that he shares with his family. Hsu emphasizes long-term sustainability over rapid expansion. His strategic vision and commitment to innovation have significantly contributed to his achievements.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Douglas Hsu was born in 1942. His father, Yu-Ziang Hsu, founded the Far East Knitting Factory in China in 1937, which later became the foundation of the Far Eastern Group. In 1949, the company was moved to Taiwan.

Rise to Success

Hsu joined Far Eastern Textiles (later renamed Far Eastern New Century) at age 38 as company president in 1971 and has been guiding Far Eastern's course and entry into new territories. Under his leadership, the company has grown into one of Taiwan's largest and most diversified conglomerates. Hsu's leadership added the principle of “Innovation” to the group's founding motto of “Sincerity, Diligence, Thrift and Prudence”.

Key Business Strategies

Hsu's management approach emphasizes stability and long-term sustainability over rapid expansion. This has led FEG to become one of the largest companies in Taiwan, with products and services in many aspects of daily life. The Group consists of over 200 affiliated companies globally spanning over 10 major industries.

Philanthropy

Far Eastern Group has Family Foundations that encourage social responsibilities, including the establishment of leading private universities and a medical center hospital.

Career Milestones

1971

Joined Far Eastern Group

Began his career within the Far Eastern Group.

1979

President of Far Eastern Textiles

Appointed as President of FETL (Far Eastern Textiles), which was later renamed Far Eastern New Century.

1980s-Present

Chairman of Far Eastern Group

Elevated to Chairman of the Group, guiding the company's growth and diversification.

2016

Order of Brilliant Star

Bestowed with the Order of Brilliant Star with Grand Cordon by the President for his contributions to Taiwan.

2019

Special Achievement Award

Awarded the highest honor "Special Achievement Award" by the Asia Pacific Entrepreneurship Awards.

Philanthropy & Social Impact

Education

Y. Z. Hsu Scientific Awards

Undisclosed

Established the Y. Z. Hsu Scientific Awards to encourage industrial innovation and invention.

Business Philosophy & Leadership

Notable Quotes

"Every business should be financially sound."

"I want to [focus on] stability, not on victory."

Leadership Principles

Innovation

Hsu emphasizes innovation as a vital principle for growth and development, integrating it with the Group's core values of sincerity, diligence, thrift, and prudence.

Stability

Hsu prioritizes a steady, unhurried approach, emphasizing long-term sustainability over rapid expansion to ensure the group's continued growth.

Controversies & Challenges

2017

Mining Project Criticism

A mining project by Asia Cement Corp., part of Hsu's Far Eastern Group, faced criticism for potential environmental damage in a national park.

2021

China's Criticism and Sanctions

The Far Eastern Group was fined and faced scrutiny in China, with accusations of supporting Taiwanese independence, leading to expressions of disagreement from Hsu.

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