Yen was born in
Taipei,
Taiwan to 嚴慶齡 and 吳舜文
Vivian Shun-wen Wu. and later went to boarding school at
The Pennington School. He attended
Rider University in the
United States where he studied business administration. Yen was officially named chairman of Yulon in August 2007. According to
Forbes magazine, he had an estimated net worth of US$1.05 billion. ==Personal life==