Chin Jong Hwa

Net Worth

$2.015B

+1.34% (24h)

Chin Jong Hwa, at 67 years old, is a self-made billionaire and the largest shareholder of Minth Group, a leading auto parts supplier. He founded Minth Group in 1997. His wealth source is primarily from the auto parts industry. Chin's career began with humble roots, overcoming poverty to build a global business. His achievements include establishing Minth Group as a key supplier to major automakers worldwide. As of late 2024, his net worth is estimated at $2.12 billion.

The Full Dossier

Early Life

Chin Jong Hwa's early life was marked by challenges. Born in Yilan, Taiwan, he experienced hardship, including the early loss of his father. Despite these difficulties, he worked multiple jobs while attending school.

Rise to Success

Chin's entrepreneurial journey began in 1992 when he ventured into Mainland China to establish an auto parts factory. This proved to be a pivotal move, setting the stage for Minth Group's global success. A turning point came when Chin's company stepped in to assist BMW with a critical parts shortage, leading to substantial orders from other major automakers such as Mercedes-Benz, Audi, and Rolls-Royce.

Key Business Strategies

A cornerstone of Chin's success has been his commitment to his employees. He focused on fostering a positive work environment and providing resources to support them, including building housing and establishing farms near his factories. Chin emphasizes innovation and employee well-being to drive company growth.

Philanthropy

While specific details on Chin Jong Hwa's philanthropy amounts are unavailable, his focus on employee well-being, including providing housing, healthcare, and counseling services, indicates his commitment to social responsibility. Additionally, Minth Group's investment in building new facilities reflects a long-term vision and commitment to economic development.

Career Timeline

2019

Stepped down as CEO

Relinquished the role of CEO, while remaining Chairman.

2016

Minth Group received permit to make electric cars

Minth became the first auto-parts maker to receive a permit from China to make electric cars.

2005

Minth Group Listed on Hong Kong Stock Exchange

The listing provided further capital and expanded the company's reach.

1997

Founded Minth Group

Established Minth Group, an auto parts supplier, which became the foundation of his wealth.