Samuel Yin (Chinese: 尹衍樑; pinyin: Yen-Liang Yin; 16 August 1950) is a Taiwanese entrepreneur and philanthropist. He is most known for the establishment of the Tang Prize and for serving as chairman of the Ruentex Financial Group.
Education
Yin studied history at Chinese Culture University. He received a master’s degree in Business at the National Taiwan University in 1982 and a Ph.D in business at the National Chengchi University in 1986. In 2004, Yin was named fellow of the Chinese Institute of Civil and Hydraulic Engineering. In 2008, he was invited to join Russia’s International Academy of Engineering and also awarded the Engineering Prowess Medal, the academy’s highest honour. In 2010, Yin received the Henry L. Michel Award for Industry Advancement of Research by the prestigious American Society of Civil Engineers (ASCE) for his contribution in the area of construction technology research. He was the first person without an academic background in engineering to receive the award.
Career
Yin is the head of the Ruentex Financial Group which invests in Taiwan and China. Ruentex is most known for their construction investments as well as grocery, retail chain RT Mart.
In Taiwan and China, he is recognized as a promoter of entrepreneurship and startups. In 2014, Yin was named as one of the key investors in Gogoro, an electric scooter startup in Taiwan.
Philanthropy
Yin established the Tang Prize in December 2012. The prize is touted as the Asian equivalent of the Nobel Prize. The mission of the prize is to promote research that is beneficial to the world and humankind, promote Chinese culture and make the world a better place. The prize pays out the equivalent of 1.7 million USD in categories of sustainable development, biopharmaceutical science, sinology and the “rule of law”.
Yin also provides financial and leadership support for the following foundations in Taiwan and China: the Yin Xun-Ruo Educational Foundation, the Yin Shu-Tien Medical Foundation, the Kwang-Hua Education Foundation, and the Guanghua School of Management of Peking University.
Yin is the chairman of Ruentex Group, a Taipei-based conglomerate behind three publicly traded companies in Taiwan. It operates business in the textiles, real estate, medical service and education industries. It also controls Nan Shan Life Insurance, a closely held insurer with revenue of NT$676 billion ($21.7 billion) in 2017.
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