Cheng Yu-tung
Dr. Cheng Yu-tung GBM | |
|---|---|
| Born | 26 August 1925 |
| Spouse | Tsui-ying Chow (m.1943) |
| Children | Henry Cheng, Ka-shing Cheng |
| Relatives | Chi-yuen Chow (father-in-law) |
Cheng Yu-tung GBM (simplified Chinese: 郑裕彤; traditional Chinese: 鄭裕彤; pinyin: Zhèng Yùtóng; Jyutping: Cheng6 Yu6 Tung4; born 1925 in Lunjiao, Shunde, Guangdong) is a Hong Kong billionaire with extensive business dealings and real estate interests in both Hong Kong and Macau.
Business career
He owns Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed New World group. Cheng’s wealth originated from his jewellery business, Chow Tai Fook.[2] Cheng’s grandson, 32-year-old Adrian Cheng Chi-kong, is set to inherit part of Chow Tai Fook and the Hong Kong-listed New World group, active in property and infrastructure.[3]
He also has interests in Shun Tak Holdings, and the Sociedade de Turismo e Diversoes de Macau, owned by Stanley Ho. As of October 2012, The Bloomberg Billionaires List ranks him as the 34th richest person in with world with an estimated net worth of US 19.3 billion.[4]
Cheng also serves on the board of the Hang Seng Bank, Hong Kong's third-largest bank.
He represents the Kingdom of Bhutan in Hong Kong, serving as the honorary consul for the country.
He has four children.[5]
References
- ^ Richest People in Hong Kong 2013, Forbes.com. March 2013.
- ^ Forbes "#4 Cheng Yu-tung", Forbes
- ^ Alex Frew McMillan "Still in Control, Hong Kong Property Tycoons Face a Younger Generation", CNBC, 24 October 2011
- ^ "Bloomberg Billionaires Index". Bloomberg LP.
- ^ Top 10 richest Chinese in the world
Further reading
- Newsbreak
- Corporate profile
- Forbes listing