Rank #2727
Yao Hsiao Tung
Net worth $1.4B
Manufacturing · Singapore
- Born
- Jan 01, 1940
- Age
- 86
- Source
- Manufacturing
- Residence
- Singapore
- Citizenship
- Singapore
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Yao Hsiao Tung is the executive chairman and CEO of Hi-P International, which the former DuPont executive acquired as a small tool maker in 1983.
- Today it is one of Singapore's largest contract manufacturers of smartphones, tablet computers and consumer electronics with customers such as Apple.
- In 2017, he acquired the stake of longtime partner Molex, a manufacturer of electrical connectors owned by U.S. billionaire Charles Koch.
- He delisted the company from the Singapore Stock Exchange at a valuation of $1.2 billion in 2021, with the aim of securing greater flexibility in running the business. He plans to relist it by 2030.
- In 2024, Temasek-backed 65 Equity Partners invested S$100 million ($74 million) in the company.
- Yao was born in mainland China but moved to Taiwan as a child; he's now a Singaporean citizen.