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|Source of Wealth||Self made|
Cheng Yu-tung and his clan control one of Hong Kong’s largest conglomerates.
He is a Hong Kong billionaire with extensive business dealings and real estate interests in both Hong Kong and Macau.
Among their businesses, Chow Tai Fook is Asia’s largest jewelry retailer and New World Development has interests in real estate.
Cheng Yu-tung also serves on the board of the Hang Seng Bank, Hong Kong’s third-largest bank.
A longtime Macau casino investor, the family’s CTF Enterprises got stakes in casino projects in Brisbane and Vietnam in 2016.
Cheng Yu-tung owes Asia's largest jewelry retailer, Chow Tai Fook.
Cheng Yu-tung building is located next to Hyatt Shatin situated in Hong Kong.
Cheng Yu-tung owns Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina Hotel and controls the publicly listed New World group.
The conglomerate holds a number of properties in Hong Kong starting from retail shops, real estate and many others.
Cheng Yu-tung is the richest man in Hongkong with an empire of more than $13.8 Billion,according to the Forbes ranking of 2014.
Chow Tai Fook is Asia’s largest jewelry retailer and New World Development has interests in real estate.
He owns a luxurious house located at Repulse Bay Road in Hong Kong.
The Bloomberg Billionaires List rated Cheng Yu-tung as the 34th Richest Man in the world in the year 2012 making him a known face all over the globe.
On the educational front, Cheng Yu-tung holds DPMS, LLD in Honors, DBA in Honors and DSSc in Honors Degrees.
He has served as the Honorary Consul of Bhutan in Hong Kong since May 2004.
He also serves as a member of International Business Leaders Advisory Council for the mayors of Beijing, Wuhan and Foshan.
Cheng Yu-tung got his first job when he was 15 as an apprentice at the Chow Tai Fook gold shop.
His son Henry holds the reins at both listed companies, while grandson Adrian has settled into key roles in the empire at age 36.
Cheng Yu-tung boasts of a luxurious house that covers an area of more than 60,000 square feet and is situated on Repulse Bay Road in Hong Kong.