Foxconn Technology Group President Terry Gou borrowed money from his father-in-law to start his business; he has been frugal all his life and dedicated to charity. University Student Talent Network, University Student Success Network.

by dxscc on 2011-03-18 22:10:48

Foxconn Technology Group President Guo Tai-ming borrowed money from his father-in-law to start his business, and has been frugal all his life in order to give to charity. His company produces one-tenth of the world's desktop computers and two-thirds of the world's personal computer components every year. He was called the "King of Subcontracting" by America's Business Week magazine. Although he owns billions, he doesn't wear famous brands or drive luxury cars; he uses an ordinary old model phone, and to this day still retains the same devotion and diligence that marked his entrepreneurial beginnings. In the beginning, all of his start-up capital came from money his mother had painstakingly saved, so he makes sure to count every cent he spends twenty times over. On May 12th, 2008 when the great earthquake happened in Wenchuan