Early Life and Education
Wang Chou-hsiong was born in Taiwan and received his education in Taiwan, graduating with a Bachelor of Business Administration from National Taiwan University and a Master of Arts/Science from National Central University. His educational background laid the foundation for his future entrepreneurial endeavors.
Rise to Success
Wang's career began in 1971 when he established Feng Tay Enterprises. A pivotal moment in his business journey was the formation of a partnership with Nike eight years later to manufacture sports shoes. Over the years, the company expanded its product range to include casual shoes, bags, and sporting goods, which contributed significantly to his wealth.
Key Business Strategies
Feng Tay Enterprises has plants in mainland China, India, Indonesia, and Vietnam, as well as Taiwan. Wang's older son Richard took over from him as chairman in 2018. Younger son Kevin became vice chairman in 2017. Wang is known for his unique management style that was praised by the founder of Nike. His management style emphasizes employee support, including providing facilities like nurseries and restrooms, which has fostered a positive work environment and contributed to the company's efficiency.
Philanthropy
While specific amounts are not readily available through a broad search, it is known that Wang Chou-hsiong contributes to various philanthropic causes.
