Henry Cheng Net Worth

What is Henry Cheng's Net Worth?

Henry Cheng is a prominent Hong Kong entrepreneur with an impressive net worth of $14 billion. Born in Shunde, Guangdong, China, in 1946, Henry is the esteemed son of Cheng Yu-tung, the visionary founder of New World Development. Cheng pursued his education at the University of Western Ontario, later taking the helm of New World Development and Chow Tai Fook Jewellery. Under his leadership, Chow Tai Fook has grown to become the world's largest jeweler.

In addition to these roles, Henry chairs New World Chain Land, NWS Holdings, New World Department Store China, and Taifook Securities. He contributes to his community and the nation as a Standing Committee Member of the Eleventh Chinese People's Political Consultative Conference. When China's Secretary for Development, Paul Chan, faced a scandal, Cheng was among the first to offer his support.

Family and Legal Battles

Henry Cheng is a proud father to four children, including entrepreneur Adrian Cheng. His business ventures aren't without challenges; in 2005, he and Vincent Lo faced a $1 billion lawsuit from Donald Trump. Despite legal disputes, Cheng's business acumen remains unshaken, as demonstrated by his investment in the I-Cable consortium in 2017.

Net Worth Details

Henry Cheng holds a 67 percent stake in Chow Tai Fook Jewellery and a 33 percent stake in New World Development. Serving as the chairman, Cheng is credited with managing the family's substantial shares alongside his three siblings. Collectively, they own 75 percent of Chow Tai Fook Enterprises. Furthermore, Cheng has diversified his investments with an 18 percent stake in Giordano International and a 2 percent stake in Ping An Insurance.