Wang's first marriage was to Wang (née Guo) Yueh-lan, with whom he had no children. His second marriage to Yang Chiao produced Wang's first child, making a total of five. Wang later married a third time in 1935 to Lee Pao-chu. Wang and Lee had another five children; Wang fathered a total of ten. His eldest son from his second marriage with Yang Chiao, Winston Wang, founded Grace Semiconductor Manufacturing with Jiang Mianheng, the son of former Communist Party of China General Secretary Jiang Zemin in 2000. A daughter from his second marriage, Charlene Wang founded Taiwan-based First International Computer, Inc. Another daughter, Cher Wang, founded High Tech Computer (HTC) and VIA Technologies. Among the Wang siblings, Cher has come closest to rivaling her father's wealth. In 2011, Forbes estimated Cher Wang's personal fortune at $8.8 billion, making her the wealthiest individual in Taiwan at the time.