Cheng Yu-tung

About Cheng Yu-tung

Birth Day: August 26, 1925
Birth Place: Hong Kong
Died On: September 29, 2016(2016-09-29) (aged 91)\nHong Kong
Birth Sign: Virgo
Spouse(s): Chow Tsui-ying (m.1943)
Children: Henry Kar-shun, Peter, Amy, Lai-ha
Relatives: Chow Chi-yuen (father-in-law), Adrian Cheng Chi-kong (grandson)

Cheng Yu-tung Net Worth

Cheng Yu-tung was bornon August 26, 1925 in Hong Kong. At the time of his death, Cheng Yu-Tung controlled one of Hong Kong's largest conglomerates including Asia's largest jewelry retailer Chow Tai Foo and real estate firm New World, both run by his son Henry. Cheng fled China in a boat during World War II and got his start in Macau as a clerk in the jewelry store. Cheng eventually married the store owner's daughter and helped him build Hong Kong's biggest jewelry chain. He moved into real estate in 1952. He appeared on Forbes' first ever international rankings of billionaires in 1987.
Cheng Yu-tung is a member of Real Estate

💰 Net worth: $14.5 Billion

2010 $6.8 Billion
2011 $9 Billion
2012 $16 Billion
2013 $16 Billion
2014 $16.2 Billion
2015 $14.4 Billion
2016 $14.5 Billion
2018 $14.5 Billion

Some Cheng Yu-tung images

Biography/Timeline

1940

Cheng was born in rural Shunde District in Guangdong, the son of a tailor, and fled to Macau in 1940, ahead of the advancing Japanese occupation force. The goldsmith owner of the Chow Tai Fook store there took him on as an apprentice and he eventually married the boss's daughter. They moved to Hong Kong in 1946 and opened the company’s first store there.

1946

He had four children, the eldest of whom, Henry Cheng, born 1946, is chairman of New World Development and related businesses.

1958

Shortly before his death, Forbes listed him 58th wealthiest in the world and 3rd in Hong Kong with US$16.6 billion, and was at one time listed by Bloomberg as high as 34th.

1970

He founded and owned Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed property developer New World group, which Cheng founded in 1970. Cheng’s wealth originated from his jewellery Business, Chow Tai Fook. Cheng’s grandson, 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. He also had interests in Shun Tak Holdings, and Macau casino operator Sociedade de Turismo e Diversoes de Macau, owned by Stanley Ho.

2012

Cheng spent the last four years of his life in bed after suffering a brain haemorrhage in 2012 and undergoing a major operation. He was unconscious before he died.