BillionaireNet
Ter-fung
Tsao Ter-fung
Rank #2880
TAIWANFood & BeverageFood

Tsao Ter-fung

Net Worth
$1.181B
+0.27% (24h)
Tsao Ter-fung, a 78-year-old Taiwanese businessman, is a prominent figure in the food and beverage industry. With a net worth of $1.3 billion as of June 2025, he is ranked #50 on Forbes' 2025 list of Taiwan's 50 Richest. His wealth stems from his leadership of Standard Foods (formerly known as Standard Foods Taiwan Ltd.). Tsao's career includes key roles at Quaker Oats in the U.S. and Taiwan, culminating in his acquisition of Quaker's Taiwan assets in 1986 and the establishment of Standard Foods. His son, Arthur Tsao, took over as CEO in 2019.

The Full Dossier

Early Life

Tsao Ter-fung's journey began with a strong foundation in education, earning a B.S. in Civil Engineering from Cheng Kung University, followed by an M.S. in Sanitary Engineering and a Ph.D. in Food and Chemical Engineering from Colorado State University.

Rise to Success

Tsao's career took a significant turn when he joined Quaker Oats, where he held positions in both the U.S. and Taiwan. In 1981, he became the head of Quaker's Taiwan operations. His entrepreneurial spirit led him to purchase Quaker's Taiwan assets in 1986, marking the birth of his own venture, Standard Foods.

Key Business Strategies

Under Tsao's leadership, Standard Foods became a leader in the food and beverage sector. He focused on quality and innovation, expanding the company's product portfolio to include a range of successful offerings.

Philanthropy

Tsao is involved with the Tsao Family Office, which engages in impact investing and supports the Tsao Foundation. The Tsao Foundation focuses on issues related to ageing and intergenerational relations. Priyanka Agarwal, Executive Director of The Tsao Family Foundation, participated in a debate on philanthropy at the Impact Week.

Career Timeline

2019

Son Arthur Tsao became CEO

Arthur Tsao took over the reins as CEO.

1986

Founded Standard Foods

Tsao purchased Quaker's Taiwan assets and started his own business, Standard Foods.

1981

Head of Quaker's Taiwan operations

Tsao became the head of Quaker's Taiwan operations.

Philanthropic Impact

AgeingUndisclosed

Hua Mei Centre for Successful Ageing (HMCSA)

An initiative of the Tsao Foundation

General PhilanthropyUndisclosed

Tsao Family Foundation

Supports philanthropic activities of the family.

Wealth Trajectory