Taiwanese businessman Tsai Ming-Kai has an estimated net worth of $1.6 billion as of May 2016 according to Forbes. For quite a long time now, he has been serving as the Chairman of Mediatek whose clients include globally renowned companies like Asus, Acer and Lenovo.

Due to the very high demand for mobile phones that make use of chipsets manufactures by Mediatek, Tsai Ming Kai's net worth surged this year by almost $400 million. Mediatek is actually a semiconductor design company that specializes on manufacturing chips for DVDs, TVs as well as wireless communications. The company is actually a spin off of United Microelectronics Corp. Currently listed at Taiwan Stock Exchange, Mediatek was hailed as the world's sixth largest fabless semiconductor company in 2003.