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Cheng Yu-tung

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Profile

Cheng Yu-tung is a Chinese investor, real estate tycoon, and billionaire who founded Chow Tai Fook Enterprises, a well-reputed real estate group with global dealings. The grandson of a successful jeweller, Yu-tung established Chow Tai Fook Enterprises in 1966 in Hong Kong. Since then, it has engaged in numerous real estate dealings, including property development, hotel, casino, transportation, jewelry, and telecom businesses. Yu-tung’s successful company operates the Sheraton Marina hotel and also heads the New World group.

In addition to his work with Chow Tai Fook Enterprises, Yu-tung is involved in Shun Tak Holdings. According to the Bloomberg Billionaires List, Yu-tung is ranked as the 34th richest person in the world. At present moment his networth is estimated to be more than $19 billion. Yu-tung also holds a position on the board of the Hang Seng Bank, which just happens to be the third-largest bank in Hong Kong.

At the age of 90, it is expected that Yu-tung’s grandson will take over Chow Tai Fook as well as the New World group.

Sources used to write this entrepreneur’s profile include a December 2015 Bloomberg article, and a Forbes profile.


Companies and Investments

Chow Tai Fook Enterprises Ltd (Founder)


Lessons Learned

Go after your dreams and do everything it takes to accomplish your goals.

There is never a “right” time to start your own business. If you have a vision and see a market for your specific product or service, go for it.

Those who are most successful know how to network and see holes in the market when others cannot.


Inspiring Quotes

Cheng Yu-tung's Quotes

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