[1] Liao was the founder of the Breeze Group which was started as a metals trading company in 1975.
[2] He also owned the Howard Hotels [zh] chain located in Taiwan.
Liao was named Taiwan's #33 richest person by Forbes magazine in 2009 with a net worth of $670 million.
[3] By 2014, his holdings were valued at $800 million, but Liao's rank had dropped to #46.
[5] His son, Henry Liao [zh],[6][7] is married to actress and businesswoman Aimee Sun.