Lee Teng-hui Net Worth

Background and career

Lee Teng-hui (Chinese: 李登輝; pinyin: Lǐ Dēnghuī; 15 January 1923 – 30 July 2020) was a Taiwanese politician, economist, and agronomist who served as the fourth president of the Republic of China and chairman of the Kuomintang from 1988 to 2000. He was the first president born in Taiwan, the first to be directly elected, and also the last to be indirectly elected.

Born in Taihoku Prefecture, Lee was raised under Japanese rule. He was educated at Kyoto Imperial University and served in the Imperial Japanese Army during World War II before graduating from National Taiwan University. He then studied agricultural economics in the United States, where he earned his doctorate from Cornell University in 1968, beginning a career as an economics professor. As a member of the Kuomintang (KMT), he was appointed Mayor of Taipei in 1978 and became governor of Taiwan Province in 1981 under President Chiang Ching-kuo. Lee succeeded Chiang as president after Chiang's death in 1988.

During his presidency, Lee oversaw the end of martial law in Taiwan and led reforms to democratize the Republic of China. He was an advocate of the Taiwanese localization movement, sought to establish greater international recognition of the country, and has been credited as the president who completed Taiwan's democratic transition. After leaving office, he remained active in Taiwanese politics as a major influence on the pro-independence Taiwan Solidarity Union (TSU), and recruited for the party in the past. After Lee campaigned for TSU candidates in the 2001 Taiwanese legislative election, he was expelled by the KMT. His post-presidency was also marked by efforts to maintain greater relations between Taiwan and Japan.