Cheng Yu-tung is a Hong Kong billionaire with extensive business dealings and real estate interests in Hong Kong and Macau. Cheng is the founder of New World Development, one of Hong Kong's largest conglomerates, with interests in real estate, infrastructure and hotels. One of the businesses behind the rise in his wealth this year: retail. He also has interests in Shun Tak Holdings, and the Sociedade de Turismo e Diversoes de Macau, owned by Stanley Ho. Cheng also serves on the board of the Hang Seng Bank, Hong Kong's third-largest bank. Sons Henry and Peter, along with grandson Adrian, sit on New World's board.

 

 

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