The nation's richest man, Lin Yuan Group founder Tsai Wan-lin (
Tsai was ranked No. 94 on this year's Forbes magazine list of the world's richest people, which was published in February.
Born in 1924, Tsai had undergone surgical operations for acute myocardial infarction in the US six years ago, according to a press release issued by Lin Yuan Group's subsidiary Cathay General Hospital yesterday afternoon.
Tsai had been hospitalized for more than five years and a liver tumor was discovered two years ago.
The Presidential Office expressed condolences to his family members.
Tsai served as a senior adviser to President Chen Shui-bian (
Citing poor health, the entrepreneur declined to serve again in the position after Chen's re-election this year.
Tsai's enterprise domain has expanded into insurance, banking, investment trust, real estate, technology and hospital businesses.
The group's top subsidiary, Cathay Financial Holdings Co, is worth NT$2.34 trillion. It is run by Tsai's second son Tsai Hong-tu (
Tsai Wan-lin is survived by his wife Tsai Chou Pao-chin (
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Tsai led family to dominate nation's finance business
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