What is Wei Ying-Chiao's Net Worth?
Wei Ying-Chiao is a Chinese businessman and entrepreneur who has a net worth of $2 billion. Wei Yin-Chiao is one of four brothers who founded the beverage maker Tingyi. Tingyi makes ready to drink tea as well as bottled water and instant noodles. The company formed an alliance with Shanghai Disney Resort in 2014 to become one of its two main drink suppliers.
The Wei family is also involved in real estate investing and the fried chicken chain Dicos. The company has had bad publicity due to a food safety scandal in which Wei Yin-Chiao and 16 others were indicted on knowing the company was using animal-grade oil to make expensive cooking oils. He is facing a 30 year term in prison but has denied his involvement. Wei Yin-Chiao is married and lives in Taipei, China.
