"I always have this imagination, something I want to use. I don't understand the idea of leisure time."
Born in Taipei in 1958, Cher Wang was one of seven children raised by her father's second wife. Her father, Wang Yung-ching was one of Taiwan's richest men after founding Formosa Plastics in 1954. When Cher Wang was 15, her father shipped her to live with her sister Charlene in Los Angeles to learn on how to be independent. Not long after she arrived in the States, her sister decided to move to Detroit to accommodate a job change for her new husband. Rather than drag Wang to Detroit, Charlene found her a slot at the pricey College Preparatory School in Oakland, California. At a meeting ahead of her arrival at CPS, she met an Oakland family that agreed to play host to Wang
for over a year; thus it came to pass that Cher Wang came to spend her senior year in high school with the family of a Jewish paediatrician in Oakland.
Often thinking of how nice it would have been if computers were lighter during her working years, Cher Wang decided to make her imagination into a reality. Co-founded and led by Cher Wang, HTC was established in 1997. Its market value soared to 31.9 billion USD in April 2011 and for the first time exceeded the phone giant company Nokia, which weighed at 31.7 billion USD. As compared to over half a century that Nokia had to work in building their brand, HTC managed to make a global impact in just 15 years. With Cher and her husband Wen Chi Chen's salaries, she is the richest person in Taiwan with an estimated net worth at $6.8
billion and takes the place at number 20 on Forbes World's 100 Most Powerful Women List as of 2011.
Though she didn't see much of him while she was at school, Cher Wang is definitely following in her father's footsteps. She confides her father would send her handwritten letters - sometimes as long as 20 pages - giving her advice on life, wealth and business. "He'd write me letters to tell me how he thinks," she says. "How he manages things... to really be responsible for your wealth, to the people around you, and to bring value to people. That's something that really affects me. He also tells me on how problems could be easily solved if nipped in the bud and how deeply rooting yourself can help in making you a perfectionist