Ma, who had been battling Alzheimer’s for some years, was ranked No. 15 on the list of Taiwan’s 50 Richest 2022 with a net worth of $3.3 billion. His younger son Wei Chen sits on the board of the group as well as subsidiaries Yuanta Bank and Yuanta Life; elder son Wei Chien is a director of Yuanta Life and Yuanta Securities. Ma’s daughter Wei Hsin chairs HannsTouch, a Taiwanese maker of touch sensor products outside the family business.
Ma was born in 1940 and graduated with a bachelor’s degree in business from the National Taiwan University in 1966. He helped run his family’s building materials shop and then worked with a steel firm and a glass manufacturer. In 1986, Ma took over the predecessor of Yuanta Securities, which his father procured in 1974, and expanded the business through a series of acquisitions to create Yuanta Financial Holdings in 2007.
Today, Yuanta has grown into a comprehensive financial group with a market cap of $7.6 billion. Its operations span securities, banking, insurance and other financial services. The Ma family also holds one of Taiwan’s top art collections.