Cheng Yu-Tung[table border=”0″]Net Worth, $16 Billion,,,
Source of Wealth, Real Estate tycoon,,,
Cheng Yu-tung, born in mainland China, found success in the Chinese islands of Hong Kong and Macau as well as role as Honorary Consul of Bhutan in Hong Kong. Cheng made it onto the List of Billionaires because he owns the conglomerate Chow Tai Fook Enterprises and consequently runs the Sheraton Marina Hotel and the New World group, which has interests in real estate, telecommunications and services.
Cheng is also a member of the board of Hang Seng Bank, one of the largest in Hong Kong.
Cheng is the father of Dr. Henry Cheng, chairman of New World Development and a fellow billionaire.