Accomplishments of Yu-Tung Cheng

Dr. Yu-Tung Cheng, was born on 26th Aug, 1925, is the G.B.M., D.P.M.S., L.L.D. (Hon), D.B.A. (Hon), D.S. joined the jewellery business of father in law as a clerk. Now, aged 88, he is one of the richest person in Hong Kong with the net worth of $17.7 billion. Major Holdings of Dr. Cheng includes New World Development; Chow Tai Fook jewellery; Citybus; New World First Bus; New World Ferries; CSL telecoms; Hip Hing Construction; Tate’s Cairn Tunnel; Ramada/Renaissance Hotels; The Masterpiece; K11 Art Mall; New World Tower; New World Centre (Beijing); Sogo; Mainland department stores and toll roads; shares in Stanley Ho’s Macau empire. Though seen many ups and downs in last 40 years, he holds the position of Asia's wealthiest families, taken in same breathe of Li Ka-Shing and Indian businessman Mukesh Ambani.
 

Dr. Cheng's Profile

Dr. Cheng serves as a Chairman of the Board of Chow Tai Fook Group since 1967

Dr. Cheng serves as a Chairman of Melbourne Enterprises Limited since December 1967

Dr. Cheng serves as a Emeritus Chairman of New World Development Company Limited since 1982

Dr. Cheng serves as a Non-Executive Director of Shun Tak Holdings Ltd. (1985-2009)

Dr. Cheng serves as a Former Independent Non Executive Director of Hang Seng Bank Limited since 2005

Dr. Cheng serves as a Non-Executive Chairman of Lifestyle International Holdings Ltd. (2006-2013)

Dr. Cheng serves as a Former Non-Executive Director of SJM Holdings Limited (2011-2012)

Dr. Cheng serves as a Honorary Chairman of Chow Tai Fook Jewellery Group Ltd.

Dr. Cheng serves as Chairman of Chow Tai Fook Jewellery Company Limited since 1967.

Dr. Cheng serves as a Vice President of The Real Estate Developers Association of Hong Kong.

Dr. Cheng is Co-Owner of Suntec City Development Pte Ltd.

 
With vision and foresight, thorough consideration, careful planning and steadfast commitment, he maintained its ambitious yet healthy investment strategy to grow together with the nation and strive for greater success. It won't be wrong to say that the founder of New World Development (one of Hong Kong's biggest property groups) Dr. Cheng has built his fortune through success in real estate, gold and diamonds. Apart from this, he has a broader business mix which is spread out in five core businesses – property, hotels, infrastructure, services and telecommunications. Being able to rely on his unique qualities of resourcefulness, perseverance, deligence and passion for excellence has supported him over the years and helped him to overcome the challenges.
Image Source: Yu-tung Cheng