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Terry Gou
PROFILE
Terry Gou
$10.7B
$55M (0.51%)
Real Time Net Worth
as of 6/5/24
Reflects change since 5 pm ET of prior trading day.
Terry Gou is the founder of Hon Hai Precision, the world's largest electronics contract manufacturer with over 40% market share, whose top customers include Apple.
He stepped down as the firm's chairman in June 2019, after 45 years at the helm; he remains at the firm as a director.
Better known by its trade name, Foxconn, Hon Hai employs roughly a million people.
The company bought Japanese electronics maker Sharp and Nokia's mobile phone brand in 2016.
In September 2019, he withdrew his bid to run for the 2020 presidential election, a few months after announcing his intention. Four years later he entered and withdrew from the race for a second time.
Gou founded the business in 1974 with $7,500 and a belief that electronics products "would be an integral part of everyday life."
Gou met with then-President Donald Trump in 2017 to discuss investing in the U.S., and Trump attended the ground-breaking for a factory in Wisconsin in June 2018.
After a modest 1.3% expansion in 2023, Taiwan’s economy, propelled by an exports surge, revved up in the first quarter of 2024, logging a 6.5% rise, the fastest pace in almost three years.
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He is still credited with helping to turn the tide at Barcelona, paving the way for Johan Cruyff to establish the team that would go on to become champions of Europe.
The largest shareholder of Foxconn, which assembles the iPhone for Apple, on Friday announced he has dropped out of the 2024 presidential election after failed efforts to form a combined coalition ticket.
Terry Gou has finally ended months of speculation by confirming on Monday that he will run as an independent candidate in Taiwan’s next presidential election.
"Taiwan's current wealth is built on stability across the Taiwan Strait, regional mutual benefit, and global prosperity," Gou said in his announcement.