British army told to stop non-essential training exercises to save money Hugging Face goes from a ‘scrappy’ startup named after an emoji to $13 billion Nvidia acquisition AI visionary Ray Kurzweil is joining a Silicon Valley startup developing a brain computer system that involves snorting nano particles The IRS slashed its staff. One result? More taxes going uncollected Big tech is investing millions in data centers and saving a quick tax buck while doing it—leaving some states collecting revenue loss GoPro joins AI bonanza with pivot into data centers as shares skyrocket 38% The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’ Penn. Gov. Shapiro says too many data center developers 'don't care about our communities' OpenAI to end model access to Cursor after acquisition by Elon Musk's SpaceX The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

Albert Chao & family

Albert Chao & family

Albert Chao & family (#1403)

Global Rank #1403
Country Rank #510
Country United States

Albert Chao & family is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 3 B
  • Chemicals, building products
  • United States
  • M
  • 77 Years

Snapshot

Quick Facts

Global Rank #1,403
Country Rank #510
Net Worth $3.0B
Previous Worth $3.0B
Worth Change +$0.0B
Country United States
Industry Chemicals, building products
Age 77 Years
Gender M
Worth As Of May 4, 2026
Last Refreshed 24 Aug 2026, 12:00 AM
Residence Houston, Texas
World Billionaires List United States Billionaires Chemicals, building products

Profile Data

Personal Stats

Age 77
Source Of Wealth Chemicals, building products, Self Made
Self Made Score 7
Philanthropy Score 1
Residence Houston, Texas
Citizenship United States
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $3.0B
Current Net Worth $3.0B

Worth as of May 4, 2026

About Me

Albert Chao is estimated to own nearly 25% of Westlake Corporation, one of North America's largest producers of low-density polyethylene, used for food packaging and more. His father T.T. Chao moved the family from Taiwan to the U.S. and founded Westlake in 1986. Albert and brother James Chao are credited with helping launch the company. Albert was CEO from 2004 to July 2024, when he became executive chairman. James was chairman from 2004 to July 2024, when he became senior chairman. James and sister Dorothy Chao Jenkins are also estimated to own nearly 25% of Westlake apiece. Dorothy is married to Charles H. Jenkins, Jr., the former chairman of his family's supermarket chain, Publix. She retired as a director of Westlake in 2023. Albert's daughter Carolyn Chao Sabat and son John Chao sit on Westlake's board alongside James' daughter Catherine Chao and son David Chao.

Wealth Growth

Net Worth Growth Over Time

Tracking Albert Chao & family's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $3.0B (May 4, 2026)

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