Albert Chao’s wealth is closely tied to Westlake Corporation, where he has built significant holdings. In 2021, his wealth reached a peak of around $12 billion, reflecting Westlake’s robust market performance. However, since then, there have been notable fluctuations, with...
Albert Chao’s wealth is closely tied to Westlake Corporation, where he has built significant holdings. In 2021, his wealth reached a peak of around $12 billion, reflecting Westlake’s robust market performance. However, since then, there have been notable fluctuations, with values dipping as low as approximately $10.5 billion before rising back up, showcasing the volatility inherent in the industry. His peak holdings coincided with a strong market period for chemicals, indicating his earnings are closely linked to the company’s stock performance. Chao has consistently exercised caution with his investments, favoring cash bonuses over equity, which keeps his financial interests aligned with those of the shareholders. This strategy has made him a significant figure in the company and the chemical sector.