Cecil Chao Net Worth is$2 Billion
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Cecil Chao net worth: Cecil Chao is a Hong Kong businessman who has a net worth of $2 billion dollars. Cecil Chao was born in Hong Kong, and is the current majority owner of Cheuk Nang Holdings, Ltd. He also owns a real estate consultation firm, among other businesses. He came to national attention in 2012, when he learned that his daughter had married her longtime partner in France. He took out an ad, offering $64 million to the man who could convince his daughter to marry him. More than 20,000 men applied for the job, while controversy about his offer erupted around the world. His daughter, who has been with her partner for almost ten years at this point, has remained close with her father, and they have agreed to disagree. He recently increased the dowry to $130 million in the hope that someone would prove appropriate. For her part, his daughter has said that she will comply, as long as her suitor donates the money to charity, and accepts that she is already married to her partner. Cecil Chao is also a well known ladies man. He has claimed to have slept with over 10,000 different women and is frequently seen attending charity events with a much younger woman, or women.
Nina Wang (n?(C)e Kung) or Kung Yu Sum (Chinese: ? 3/4 ???????; pinyin: G??ng R??x?<

Kung Yu Sum was born in Shanghai, where she was a childhood playmate of Teddy Wang. Teddy's father Wang Din-shin had established a paint and chemical business.[clarification needed] The Wangs moved to Hong Kong, and the business became the Chinachem Group, eventually one of Hong Kong's largest and most powerful companies based on a lucrative pharmaceutical division. In 1948, when she was 11 and he 15, they renewed their friendship, and in 1955 they married.
Nicknamed "Little Sweetie" ("Siu Tim Tim" or "?????????" in Cantonese), she was noted for her two pigtails and her love of dressing in traditional Chinese dresses.
She was the richest woman in Asia and the world's 35th richest person, with a fortune of $4.2bn, according to Forbes magazine; a fortune which exceeded that of American talk show host Oprah Winfrey.
On 12 April 1983, the Wangs' Mercedes was hijacked. Teddy Wang was taken away and chained to a bed for eight days until Nina Wang paid a $33 million ransom. On 10 April 1990, Teddy Wang was kidnapped again. After his disappearance, Nina took the helm of Chinachem under the title of "Chairlady" and built it into a major property developer.
Teddy Wang was declared dead in 1999. Although his body was never found, the battle over his fortune began in earnest, with at least three different wills circulating in the court system. The earliest will, the authenticity of which is not contested, was dated 1960 and split the estate equally between Teddy's father Wang Din-shin and Nina. A 1968 version produced by Din-shin (authenticity challenged) gave the entire estate to Din-shin. Thi

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Cecil Chao Latest News

Gigi Chao and partner Sean Eav end marriage

As reported on Mingpao, Gigi, who is also daughter of Hong Kong billionaire Cecil Chao, confirmed the news to the media recently, saying that it was a difficult decision for both her and Sean to end ...
Posted: March 13, 2019, 8:17 pm

In Hong Kong, a property heiress becomes accidental LGBT champion

HONG KONG (Thomson Reuters Foundation) - When Hong Kong property tycoon Cecil Chao offered $65 million to any man who could win over his lesbian daughter and make her straight, he inadvertently laid ...
Posted: March 27, 2018, 8:57 am

Gigi Chao sparked a gay rights revolution in Chinese culture after her billionaire father’s marriage bounty

Gigi Chao is one of Asia’s most successful business women but it was only in 2012 that she became a household name after her billionaire shipping and property tycoon father Cecil Chao Sze-tsung put a ...
Posted: October 25, 2017, 8:34 pm
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