By | millionairex101 | millionairex101.com
Cheng Yu-Tung is a Hong Kong billionaire with an estimated net worth of $16.5 billion in January 2018. In Hong Kong’s “50 Richest” list of billionaires, he is the fourth richest person and is ranked 44th in the list of World Billionaires.
Some people have it in them to simply dazzle in whatever they pursue. One such persona in the world business forum is Cheng Yu Tung. Hailing from modest roots, Tung redefined the thinking process of entrepreneurs, setting a fine example for generations to come.
Cheng Yu Tung is the Richest Man in Hongkong with an empire of more than $16.5 billion according to the Forbes ranking of 2014. He is actively involved in sectors like real estate, infrastructure, and telecommunications.
He started his profession with Chow Tai Fook Jewellery Company Limited. The organization has currently more than 2000 retail stores. Tung’s organization grew to become a conglomerate called Chai Tai Took Enterprises. The major achievement was the setting up of the Sheraton Marina hotel. The company is now publically listed as the New World group, which were based in the year 1970.