Taiwanese businessman T.Y. Tsai has an estimated net worth of $2.1 billion as of April 2016 according to Forbes. He is known to be the son of Tsai Wan-lin, the man behind the founding of Cathay Life Insurance. Eventually, the company evolved into a powerhouse. In 2004, Tsai Wan-lin died, but he died as Taiwan's wealthiest man.

Eventually, T.Y. Tsai sold his shares at Cathay Financial Holding to his siblings who were to also make it to this world's list of billionaires. There are claims that T.Y. Tsai is trying to build and create a real estate empire. He is known to have an impressive collection of art and cars. Forbes claimed that Tsai is currently married and has one child.