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Cheng Yu-tung

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Cheng Yu-tung

GBM
Born(1925-08-26)August 26, 1925
DiedSeptember 29, 2016(2016-09-29) (aged 91)
SpouseChow Tsui-ying
Children4
RelativesChow Chi-yuen (father-in-law), Henry Kar-shun Cheng (son) Adrian Cheng Chi-kong (grandson)
Cheng Yu-tung
Traditional Chinese鄭裕彤
Simplified Chinese郑裕彤

Cheng Yu-tung GBM[1] (Chinese: 鄭裕彤; 8 August 1925 – 29 September 2016) was a billionaire and investor based in Hong Kong. He owned several real estate properties, businesses, hotels, infrastructure, jewellery retailers and transportation services in Hong Kong, Macau, the United States, and Australia.[2]

Cheng is also known for founding the New World Development in 1970 which is a Hong Kong based conglomerate.[3]

Cheng was born and raised in Shunde, Guangdong. He fled to Macau in 1940 during Japanese occupation in China. Later, he started working as an apprentice in Chow Tai Fook store and in time, he married his boss's daughter. In 1946 he moved to Hong Kong and opened the first store of Chow Tai Fook there.[4]

Cheng founded the conglomerate named Chow Tai Fook Enterprises. He also operated the Sheraton Marina hotel.[5] He was once a real-estate investment partner of Donald Trump. He served as the Director of the board of Hang Seng Bank which is the third largest bank in Hong Kong.[6]

Cheng represented the Kingdom of Bhutan in Hong Kong. He served as the honorary consul of it.[7]

He died from a brain hemorrhage on September 26, 2016, in Hong Kong.[8]

  • 《黃金歲月--鄭裕彤傳》,陳雨,經濟日報出版社,ISBN 962-678-175-0

References

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  1. "深切悼念拿督鄭裕彤博士 | 香港浸會大學基金". foundation.hkbu.edu.hk.
  2. "Top 10 richest Chinese in the world". www.china.org.cn.
  3. "Cheng Yu-tung, Hong Kong Jewelry, Real Estate Tycoon, Dies". The Wall Street Journal.
  4. "里程碑". www.nwd.com.hk. Archived from the original on 2 October 2016.
  5. "新世界名譽主席鄭裕彤病逝 享年91歲 | 即時新聞 | 財經 | 20160930". hk.apple.nextmedia.com. Archived from the original on 1 October 2016.
  6. Li, Fion. "Cheng Yu-Tung, Hong Kong Jeweler Turned Billionaire, Dies". Bloomberg Quint.
  7. Shen, Simon Xu Hui (21 July 2016). Hong Kong In The World: Implications To Geopolitics And Competitiveness. World Scientific. p. 80. ISBN 978-1-78326-939-6.
  8. "The King of Jewelry in Asia Dead at 91". NationalJeweler.com. Retrieved November 28, 2018.