BillionaireNet
Tei-fu
C
Rank #1672
TAIWANFashion & RetailHerbal products

Chen Tei-fu

Net Worth
$2.35B
0% (24h)
Chen Tei-fu, born in Taiwan in 1948, is a self-made billionaire known for founding the herbal products company Sunrider International. His journey began with a passion for herbal remedies, stemming from his childhood illnesses. Despite facing early challenges, including financial struggles and rejection from medical school, Chen, along with his wife Dr. Oi-Lin Chen, built Sunrider into a global enterprise with products distributed in approximately 50 countries. Chen's estimated net worth is $2.35 billion, and his primary wealth source is herbal products. His career has been marked by both success and controversy, including a tax evasion conviction in 1998. Chen, at 77 years old, currently resides in Los Angeles, California.

The Full Dossier

Early Life

Chen Tei-fu was born in Chiayi, Taiwan, in 1948. Growing up in post-war Taiwan, he experienced childhood illnesses, which sparked an interest in health and nutrition. He learned about herbs and their benefits from his grandfather, shaping his early understanding of wellness. Chen studied Chinese medicine and attended pharmacy school in Taiwan before immigrating to the United States with his wife, Oi-Lin Chen, in 1974.

Rise to Success

Chen's initial vision was to become a medical doctor, but after being rejected from medical schools, he began preparing herbal mixtures. This led to the founding of Sunrider International in 1982. Chen and his wife built the company from a small office in Utah, later moving the headquarters to Torrance, California. Sunrider grew into a major herbal products firm, with products distributed in approximately 50 countries through franchise stores and a multi-level marketing system.

Key Business Strategies

Chen's approach focused on providing high-quality, concentrated herbal products. The business model emphasizes the benefits of concentrated food supplements over traditional vitamin supplements. A key strategy has been the control of every aspect of the processing phase, from the herbs’ cultivation to manufacturing, ensuring product integrity and quality. Chen also expanded Sunrider into the hospitality industry with the purchase of hotels.

Philanthropy

Chen has been recognized for his philanthropic efforts, including donations to UNICEF and disaster relief efforts. In 2013, he made a $2.5 million donation to Torrance Memorial Medical Center for its new surgical department.

Career Timeline

2010

Forbes Asia Recognition

Forbes Asia recognized him as one of Taiwan's 50 wealthiest natives and one of the “25 Most Notable Chinese-Americans.”

1998

Convicted of Tax Evasion

Chen and his wife pleaded guilty to tax evasion and customs fraud.

1982

Founded Sunrider International

Chen started Sunrider, an herbal products company.

1974

Immigrated to the United States

Chen and his wife, Oi-Lin Chen, immigrated to the U.S. with plans to study and become doctors.

Philanthropic Impact

Healthcare$2.5M

Torrance Memorial Medical Center Donation

Donation for the construction of the new surgical department.

Wealth Trajectory