Bloomberg Billionaires Index

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#452 Samuel Yin $4.44B

Random fact: Sold Sun Art Retail stake to Alibaba in 2017.

Overview

Yin is the chairman of Ruentex Group, a Taipei-based conglomerate behind three publicly traded companies in Taiwan. It operates business in the textiles, real estate, medical service and education industries. It also controls Nan Shan Life Insurance, a closely held insurer with revenue of NT$659 billion ($21.8 billion) in 2016.

As of April 21, 2018:
Last change -$51.2M (-1.1%)
YTD change +$182M (+4.3%)
Industry Diversified
Biggest asset Cash
Citizenship Taiwan
Age 67
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Samuel Yin's net worth of $4.44B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Yin's wealth is derived from Ruentex Group, a closely held company he inherited from his father. The Taipei-based conglomerate operates businesses in textiles, real estate and medical service, with total annual revenue of NT$1.2 trillion ($43 billion) in 2016, according to a rating by China Credit Information Systems.

The group is valued in two parts: an analysis of its closely held operations and its stakes in three publicly traded subsidiaries -- Ruentex Industries, Ruentex Development and Ruentex Engineering & Construction -- which it controls through a network of holding entities based in Taiwan, according to annual reports filed by the companies for 2016.

It owns 91 percent of closely held Nan Shan Life Insurance through holding company Ruen Chen, according to a 2015 Ruentex Development presentation. The insurer is valued using the average price-to-book value multiple of three publicly traded peer companies: China Life Insurance, Fubon Financial Holding and Cathay Financial. Ruentex Group owns 80 percent of Ruen Chen through publicly traded Ruentex Development and Ruentex Industries, and three private holding companies. Stakes owned by these two publicly traded companies are excluded to avoid double counting.

The rest of Ruentex Group -- Ruentex Other -- is valued using disclosed revenue for 2016 minus the revenue reported for the publicly traded subsidiaries and Nan Shan Life. It represents 32 percent of the group and is valued using the average enterprise value-to-sales, value-to-EBIT and value-to-EBITDA multiples of two peers: Dah Chong Hong Holdings and Daewoo International.

Yin owns about 6 percent of Sun Art Retail, a hypermarket operator in China, through BVI companies, according to the company's disclosure dated Dec. 7, 2017. He has agreed to sell all his stake to Taobao China Holding, according to an agreement dated Nov. 20, 2017.

Yin declined to comment on his net worth.

Biography

Birthdate: 8/16/1950
Family: Married, 2 children
Education: 1987, National Chengchi University, PhD, Business Administration 1983, National Taiwan University, MBA

Samuel Yin was born in Taipei in 1950. He studied history at the city's Chinese Culture University before completing his MBA at National Taiwan University and receiving a PhD from National Chengchi University, according to his biography on the website of the Tang Prize Foundation.

He joined his father's textile maker Ruentex Industries and helped establish real estate division Ruentex Developments in 1977. A prominent supporter of closer ties between Taiwan and China, he stepped down as chairman of Ruentex Industries in 1993, and began focusing on investing in China.

The first RT-Mart hypermarket opened in Taiwan in 1997. A year later, he set up Chinese grocer Sun Art in conjunction with France's Auchan chain. The merchant started to trade on the Hong Kong stock exchange in 2011, the same year Yin bought a controlling stake in Taiwanese insurer Nan Shan from AIG.

The billionaire, who is married with two children, started the Tang Prize in 2013 to encourage scientific and cultural research.

Milestones
  • 1950 Samuel Yin is born in Taipei, Taiwan.
  • 1977 Property developer Ruentex Development is established.
  • 1993 Steps down as chairman of Ruentex Industries. Wife replaces him.
  • 1997 Opens first RT-Mart hypermarket in Taiwan.
  • 1998 Starts Chinese food retailing joint venture Sun Art Retail Group.
  • 2011 Buys controlling stake in Nan Shan Life Insurance from AIG.
  • 2011 Sun Art Retail Group debuts on the Hong Kong stock exchange.
  • 2012 Runs newspaper ads supporting Taiwan's China-friendly president.
  • 2013 Establishes Tang Prize Foundation.
  • 2013 Joins Warren Buffett's Giving Pledge.