From the Editor
  • Yao Hsiao Tung is the executive chairman and CEO of Hi-P International, which the former DuPont executive acquired as a small tool maker in 1983.
  • Today it is one of Singapore's largest contract manufacturers of smartphones, tablet computers and consumer electronics with customers such as Apple.
  • In 2017, he acquired the stake of longtime partner Molex, a manufacturer of electrical connectors owned by U.S. billionaire Charles Koch.
  • He delisted the company from the Singapore Stock Exchange at a valuation of $1.2 billion in 2021, with the aim of securing greater flexibility in running the business.
  • In 2024, Temasek-backed 65 Equity Partners invested S$100 million ($74 million) in the company.
Wealth History
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Personal Stats
Age
85
Source of Wealth
Manufacturing, Self Made
Residence
Singapore, Singapore
Citizenship
Singapore
Marital Status
Married
Did you know
Yao was born in mainland China but moved to Taiwan as a child; he's now a Singaporean citizen.
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Sep 21, 2009

Hi-P Hooray

The fortunes of this contract manufacturer and its wealthy founder are closely aligned to those of its big-brand customers.