King Slide Works Rally Lifts Lin Tsung-chi to Taiwan's Richest at $19.5 Billion
Updated
Updated · 台北時報 · Aug 23
King Slide Works Rally Lifts Lin Tsung-chi to Taiwan's Richest at $19.5 Billion
1 articles · Updated · 台北時報 · Aug 23
Summary
Lin Tsung-chi’s net worth jumped by US$1.8 billion to US$19.5 billion after King Slide Works shares hit their 10% daily limit and closed at a record NT$13,750.
The surge pushed the King Slide founder past Yageo chairman Pierre Chen, whose fortune stood at US$17.4 billion, making Lin Taiwan’s richest person and No. 140 globally on Forbes’ real-time list.
King Slide makes rail kits used in servers, tying its stock rally to Taiwan’s broader AI-driven hardware boom that has lifted tech exporters and wealth in the sector.
That concentration is fueling concern over a K-shaped economy, as Taiwan’s GDP per capita is forecast near US$45,000 this year while gains remain unevenly shared beyond information and communications technology.