One of Taiwan’s most successful businessmen accepted an honorary doctorate from Oklahoma City University’s Meinders School of Business today.
Chao Teng-Hsiung, chairman of the Farglory Group, received an Honorary Doctor of Business. Chao oversees a business empire that includes Taiwan’s most valuable publicly-traded real estate development firm and more than 25 other business lines.
"It is a unique pleasure to honor Chairman Chao with a Doctor of Business from Oklahoma City University,” said Meinders School of Business Dean Steven C. Agee. “He is, like many Oklahomans, born into humble beginnings, but entrepreneurial in spirit and willing to work hard and take risks to achieve great success."
Chao rose from extraordinarily humble beginnings in a remote seaside village in Tawain to become one of his nation’s most prominent citizens. As a child, he often walked 10 miles to the county market to sell vegetables from his family’s garden and accompanied his father on fishing expeditions to help ends meet. After his service in the Tawain Army, Chao left home for Taipei and slowly, but steadily built his business.
The Farglory network extends throughout Taiwan, Europe, Mainland China, the U.S. and Middle East. Chao’s companies, which include insurance and financial services, commercial and residential land development and construction, recreation and leisure properties, air cargo logistics and internet services, boast more than 30,000 corporate clients.