Cheng Yutung Net Worth is$16 Billion
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Cheng Yutung Net Worth

Cheng Yutung Net Worth is $16 Billion. What is Cheng Yu-tung's net worth? Cheng Yu-tung's $16 billion net worth makes him one of the richest people in Hong Kong. Born in Shunde,...[read more]

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Date of Birth: 1925
Net Worth: View Cheng Yu-tung Net Worth

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What is Cheng Yu-tung's net worth? Cheng Yu-tung's $16 billion net worth makes him one of the richest people in Hong Kong. Born in Shunde, Guangdong, Republic of China, Cheng Yu-tung is now based in Hong Kong. Until just recently, he was the CEO of New World Development, a family-owned real estate development firm. He began his professional career with a jewelry business called, Chow Tai Fook. Chow Tai Fook grew to become Chai Tai Fook Enterprises and expanded into multiple business ventures, including serving as the umbrella corporation for New World Development. Chow Tai Fook/New World Development now own multiple properties in Hong Kong, Macau, and abroad, including five high-end hotels. Most recently, the company purchased the Carlyle Hotel in Manhattan. The company also runs the Sheraton Marina hotels. In addition to his work with Chow Tai Fook, he also serves as honorary consul for Bhutan, and on the board of Hong Kong's third largest bank, Hang Seng. He announced his retirement in early 2012, and passed leadership to his son.

Flash News about Cheng Yutung

Tycoons On The 2018 Forbes Hong Kong Rich List See Record Rise In Wealth

His father, Cheng Yu-tung, was Hong Kong’s third-richest when he passed away in 2016. That fortune apparently has been set aside in a trust for future generations and no longer qualifies for the Hong Kong list, but Henry makes the list on the strength of ...
Posted: January 19, 2018, 4:38 pm

Henry Cheng newcomer to Forbes club of HK's richest

Henry Cheng succeeded his father and founder Cheng Yu-tung as chairman of family flagship companies Chow Tai Fook Jewellery Group and New World Development, Forbe... New World Development Chairman, Henry Cheng Kar-shun, 71, has made it to the list of 50 ...
Posted: January 18, 2018, 2:25 am

C-Mer Founder Lam Becomes Billionaire as Clinic Shares Surge

Lam’s illustrious patients include late billionaire Cheng Yu-tung and former Legislative Council President Rita Fan, according to a Sing Tao Daily report in 2008. Tung Chee-hwa, Hong Kong’s former leader, and property tycoon Raymond Kwok were guests at ...
Posted: January 18, 2018, 12:32 am

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