2020-02-01 Forbes Asia

26

FORBES ASIA FEBRUARY 20 20

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Sonia Cheng Chi-man

CEO,

Rosewood Hotel Group

Adrian Cheng’s sister Sonia,

39, is CEO of Rosewood Hotel

Group, a global chain of 28

luxury properties, including

the Carlyle in New York.

A Harvard graduate and

former investment banker,

Sonia led an $800 million

deal in 2011 to acquire the

U.S.-based Rosewood Hotels

& Resorts. She also serves as

an executive director at New

World Development and a non-

executive director of Chow Tai

Fook Jewellery Group.

Henry Cheng Kar-shun

Chairman,

New World Development

Henry, 73, chairs the family’s

flagship businesses New World

Development, New World

China Land, NWS Holdings

and Chow Tai Fook Jewellery

Group. He is also chairman of

FSE Services Group, the listed

company of Fung Seng group,

which is controlled by

William Doo Wai-hoi.

Brian Cheng Chi-ming

Executive Director,

NWS Holdings

Adrian Cheng’s brother Brian,

37, is an executive director in

the family’s NWS Holdings, the

Hong Kong-listed infrastructure

subsidiary of New World.

Before joining NWS, Brian was

a research analyst at financial

services firm CLSA.

Peter Cheng Kar-shing

Non-Executive Director,

New World Development

Peter, 67, is the brother of Henry

Cheng. Peter’s sons Conroy Cheng

Chi-heng, 42, and Conrad Cheng

Chi-him, 40, serve respectively as

executive directors of New World

and New World China Land.

William Doo Wai-hoi

Chairman,

Fung Seng Enterprises

Doo, 75, is married to Amy

Cheng, the sister of Henry and

is the chairman of the Fung

Seng group, a conglomerate

with subsidiaries in property,

landscaping, insurance, security

services and waste management,

among others. It has one listed

company, FSE Services Group,

which provides contractor and

environmental management

services. His son William Doo, Jr.,

46, is deputy CEO of the group.

William Sr. is non-executive vice

chairman of New World and

William Jr. is a non-executive

director of NWS Holdings.

ALL IN THE FAMILY

SEVERAL MEMBERS OF THE CHENG FAMILY HAVE PROMINENT ROLES

IN FAMILY-LINKED COMPANIES.

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By John Kang

THE FOUNDER

Cheng Yu-tung was a rags-to-

megariches story. Born in 1925, he

settled in Macau in 1940, working

in a gold shop and marrying the

daughter of his boss. Cheng grew

that shop into one of the world’s

largest jewelry retailers, the Chow

Tai Fook Jewellery Group, based

and listed in Hong Kong. Cheng

moved to Hong Kong in 1946 and

diversified the family’s businesses

in the ‘60s and ‘70s, creating

an empire that now spans real

estate, hotels, transportation,

retail, aviation, infrastructure,

insurance, healthcare, telecom

and gaming. When he died at age

91 in 2016, he had an estimated

$16.6 billion fortune.

Cheng

Yu-tung