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

Far East, Chow Tai Fook each taking 5pct in The Star Ent

Chow Tai Fook Group, founded by the family of jewellery entrepreneur Cheng Yu Tung, is also connected – via a privately-held unit called Chow Tai Fook Enterprises Ltd – to a gaming resort project in Hoi An, Vietnam that is also backed by an entity ...
Posted: March 29, 2018, 3:26 am

CHENG YU TUNG

Queensland is seeking to emulate the success of Singapore where resorts drew Asian tourists to raise about $5.2 billion in revenue in 2013. The upcoming Hong Kong listing of American International Group Inc.'s Asian unit is expected to raise $14.1 bn for ...
Posted: February 21, 2018, 6:45 am

The Asian tycoons who bested Donald Trump

Right up until his death in 2016, Cheng Yu-tung was a true lion of Asian business… Typical of many Chinese billionaires, his success came from humble beginnings. He started in the jewellery business in Macau in the late 1930s. He later inherited and grew ...
Posted: January 28, 2018, 11:58 pm

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