As per our current Database, Cheng Yu-tung has been died on September 29, 2016(2016-09-29) (aged 91)\nHong Kong.
When Cheng Yu-tung die, Cheng Yu-tung was 91 years old.
|Popular As||Cheng Yu-tung|
|Age||91 years old|
|Born||August 26, 1925 (Hong Kong)|
Cheng Yu-tung’s zodiac sign is Virgo. According to astrologers, Virgos are always paying attention to the smallest details and their deep sense of humanity makes them one of the most careful signs of the zodiac. Their methodical approach to life ensures that nothing is left to chance, and although they are often tender, their heart might be closed for the outer world. This is a sign often misunderstood, not because they lack the ability to express, but because they won’t accept their feelings as valid, true, or even relevant when opposed to reason. The symbolism behind the name speaks well of their nature, born with a feeling they are experiencing everything for the first time.
Cheng Yu-tung was born in the Year of the Ox. Another of the powerful Chinese Zodiac signs, the Ox is steadfast, solid, a goal-oriented leader, detail-oriented, hard-working, stubborn, serious and introverted but can feel lonely and insecure. Takes comfort in friends and family and is a reliable, protective and strong companion. Compatible with Snake or Rooster.
Cheng was born in rural Shunde District in Guangdong, the son of a tailor, and fled to Macau in 1940, ahead of the advancing Japanese occupation force. The goldsmith owner of the Chow Tai Fook store there took him on as an apprentice and he eventually married the boss's daughter. They moved to Hong Kong in 1946 and opened the company’s first store there.
He had four children, the eldest of whom, Henry Cheng, born 1946, is chairman of New World Development and related businesses.
Shortly before his death, Forbes listed him 58th wealthiest in the world and 3rd in Hong Kong with US$16.6 billion, and was at one time listed by Bloomberg as high as 34th.
He founded and owned Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed property developer New World group, which Cheng founded in 1970. Cheng’s wealth originated from his jewellery Business, Chow Tai Fook. Cheng’s grandson, Adrian Cheng Chi-kong, is set to inherit part of Chow Tai Fook and the Hong Kong-listed New World group, active in property and infrastructure. He also had interests in Shun Tak Holdings, and Macau casino operator Sociedade de Turismo e Diversoes de Macau, owned by Stanley Ho.
Cheng spent the last four years of his life in bed after suffering a brain haemorrhage in 2012 and undergoing a major operation. He was unconscious before he died.