Who is Dr. Samuel Yin?
Yin is a Taiwanese billionaire and philanthropist. He was born in August 1950. He heads the Ruentex Financial Group, which was founded by his grandfather. He is married to Wang Chi-Fan and has a son named Yin Chung-yao
Yin has been the President of Ruentex Group since 1994 and serves as its Chief Executive Officer.
Ruentex Group is a financial investor group, active in textile, retail, financial services, and real estate. Some of its subsidiaries are trading on the Taiwan Stock Exchange. Ruentex is the principal owner of Fuh Hwa Securities Investment Trust, a leading Taiwan-based mutual fund company.
The company is also a shareholder in Nan Shan Insurance and the Sun Art Retail Group, known for the RTMart and Auchan supermarkets in China.
RT-Mart is the first foreign-based hypermarket chain in mainland China. It owns more than 300 locations.
Yin’s wife Wang Chi-Fan is Chairman at Ruentex. In 2017 Ruentex sold a 36% stake in Sun Art Retail Group to Alibaba for US$ 2.8 billion.
Dr. Samuel Yin Net Worth
His net worth is estimated at US$ 2.6 billion.
Yin is an active philanthropist and has committed to the Giving Pledge.
Yin is the founder of the Tang Prize. The prize promotes research that is beneficial to the world and humankind. Its aim is also to promote Chinese culture. The prize pays out the equivalent of US$ 1.7 million.
He also provides financial and leadership support for several foundations, such as the Yin Xun-Ruo Educational Foundation, the Yin Shu-Tien Medical Foundation, and the Guanghua School of Management in Peking.
In 2014 Yin donated US$ 13 million to The Scripps Research Institute (TSRI) to help fund the construction of a new laboratory.