Chen Din Hwa Net Worth is2.60 $Billion
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Birth Date: 1923
Birth Place: Ningbo, Zhejiang Province, China
Death Date: 17 June 2012 (aged 89)
Death Place: Hong Kong Sanatorium & Hospital, Hong Kong
Spouse: Yang Foo Oi (divorced)
Nationality: China
Citizenship: Hong Kong
Residence: Hong Kong
Relations: Angela Chen Wai-fong and Frank Seto (daughter and her partner) , Vivien Wai Wai Chen (daughter) and Tang Man-fai (son-in-law)
Religion: Buddhist
Occupation: Founder and Chairman, Nan Fung Development Ltd
Networth: {{profit}} US$3.7 billion[ 08hkrichest Chen-Din-Hwa HOW5.html #10 Chen Din Hwa -]
Chen Din-hwa (Traditional Chinese: e??a>>?e(C)?; Simplified Chinese: e??a>>?e??; 1923 a?? 17 June 2012), was a Hong Kong industrial tycoon, billionaire and philanthropist. He was known as the King of Cotton Yarn in Hong Kong.
Chen was born in Ningbo, Zhejiang Province, Mainland China in 1923. His family was poor and he left school at the age of 12 to serve as an apprentice to a silk merchant. His father was reportedly a Shanghai-based industralist, mainly in textiles. When Chen was 22 years old, he was already chief manager of his family business and owned several shops and factories in Shanghai and Ningbo. In 1949, Chen's family shifted to Hong Kong and set up in business there. He set up a successful cotton-yarn maker called Nan Fung Mill.
In 1954, he established Nan Fung Textiles (later Nan Fung Textiles Consolidated Limited), becoming chairman, and Nan Fung Development Limited. The company also developed interests in shipping.
When diagnosed with Alzheimer's disease in 2009, Chen handed over control of his business to his younger daughter Vivien Chen, who had been part of the business since 1981. In 2010, his wife Yang Foo Oi and elder daughter Angela, a trained architect who lived in the United States and now in Hong Kong, sued younger daughter Vivian, alleging that Chen was misled into transferring assets to a trust fund controlled by Vivian. Yang divorced him in 2011.
Chen died on 17 June 2012 at the age of 89, reportedly of prostate cancer.
At his death he was ranked by Forbes as the 14th wealthiest person in Hong Kong, with a net worth of US$2.6 billion, though earlier in his career he had been among the top ten.
Chen was married to Yang Foo Oi (born 1924/25) until 2011. The couple have two daughters, Angela Chen Wai-fong and Vivien Wai Wai Chen, and at least one granddaughter, Karen Cheung.
As a devout Buddhist, Chen founded the D.H. Chen Foundation, which provides charity services in education, welfare and medicine.

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Chen Din Hwa Latest News

Late Hong Kong real estate tycoon Chen Din-hwa’s luxury home at The Peak burgled

The daughter of Chen Din-hwa, the late founder of Nan Fung Group, became the latest victim in a string of high-profile break-ins after her luxury house on The Peak burgled on Thursday. A safe and three Sheaffer pens were stolen from the master bedroom on ...
Posted: August 25, 2016, 8:20 pm

Billionaire's Feuding Daughters Get a Push to Trial in Loan Dispute

The decision is a dramatic turn in a yearslong international family feud that centers on a loan made by billionaire Chen Din-Hwa to his daughter Angela Sabella to purchase the Two Bear Ranch in Utah as an investment property in the 1990s. The money was ...
Posted: October 14, 2016, 3:40 pm

Canary Wharf owner sells 50 Bank Street to Hong Kong investor

She took control of the conglomerate in 2009 after her father, founder Chen Din Hwa, fell ill with Alzheimer’s. The 11-storey office building at Bank Street, which is mostly let to asset management firm Northern Trust until 2022, generates annual rent of ...
Posted: October 1, 2014, 5:28 am
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