October 26th, 2017
Richest people in Hong Kong represents a Top of the wealthiest men in Hong Kong entirely created and developed by Richieast Asia. Hong Kong has turned into a fast growing metropolitan area which is rapidly occupying a wide range of business sectors. The result is a famous city in the heart of China where modernism and money are getting along with some of Asia’s billionaires. Richest people in Hong Kong illustrates how billionaires have managed to create their own fortunes while following some simple steps.
We begin our Richest people in Hong Kong Top by presenting one of the most important celebrities in Hong Kong and China, Mr. Cheng Yu-tung. The story starts before the beginnings of the Second World War, when the young Cheng Yu-tung was an ambitious jewelry salesman in Macau, China. Getting married with the shop owner’s daughter, Cheng Yu-tung started his business career by investing and buying shares at the main developer of Macau gambling industry. In the late 60’s, Cheng Yu-tung started a huge investment strategy with Hong Kong properties and real estate. This important transaction gave birth to the renowned company: New World Development and propelled his first step into the category of Richest people in Hong Kong. Ranked as the 34th richest person in the world by Bloomberg Billionaires, Mr. Cheng Yu-tung owns also the Sheraton Marina operating company and also Asia’s largest jewelry retailer: Chow Tai Fook Enterprises.
With a fortune estimated at 16 billion $, Cheng Yu-tung holds a third position in the Richest people in Hong Kong being overtaken by Li Ka-Shing and Lee Shau Kee. Despite his exorbitant fortune, Cheng Yu-tung lives a simple life not worrying about spending money on expensive suits or luxury cars. Cheng Yu-tung’s kingdom is now being ruled by his son Henry Cheng and by his grandchildren Adrian and Sonia Cheng who are guided by his vast experience in marketing strategy and capital investment.