BillionaireNet
family
C
Rank #2419
CHINAreal-estateReal estate

Chu Mang Yee & family

Net Worth
$1.538B
-0.38% (24h)
Chu Mang Yee is a prominent figure in the real estate industry, known for his role in founding and leading Hopson Development Holdings Ltd. His source of wealth primarily stems from the real estate sector. With a career spanning trading, construction, and property development, Chu has built a significant net worth. His career highlights include establishing Hopson Development in 1992, which later became a leading property corporation. As of 2024, his estimated net worth is 1.5 billion. Chu's achievements also include serving in various governmental and advisory roles, showcasing his influence beyond the business world.

The Full Dossier

Early Life

Born in 1959, Chu Mang Yee's early life laid the foundation for his future success. Details about his education and upbringing are limited in the search results. However, his entrepreneurial journey began with a focus on real estate, setting the stage for his career.

Rise to Success

Chu Mang Yee's ascent in the business world is closely tied to Hopson Development Holdings Ltd., which he co-founded. Established in 1992, the company's shares were listed on the Stock Exchange of Hong Kong in 1998. This strategic move enabled Hopson Development to grow into a leading property corporation with interests in commercial spaces, hotels, and residential properties.

Key Business Strategies

Chu's business career includes experience in trading and construction. Hopson Development focused on mid- and high-end residential projects early on. Chu's daughter, Chu Kut Yung, currently serves as the chairman of Hopson Development. As an executive chairman of Hopson Development, Chu has also served as Chairman of Beijing Shengchuang Hengda Real Property Development Co. Limited and as Vice-Chairman of Guangdong Research Institute for the Development of Corporate Strategy.

Philanthropy

While specific details about Chu Mang Yee's philanthropic endeavors are limited in the search results, he is known for his years-long support of charitable causes, including substantial donations to his hometown, Hainan. In the past, Chu and his family have given substantial amounts to their hometown Hainan. He has also given 1.1 billion yuan worth of stock to an education and development fund.

Career Timeline

2020

Stepped Down as Chairman of Hopson Development

Resigned as Chairman, with his daughter, Chu Kut Yung, taking over the role.

1998

Hopson Development Listed on Hong Kong Stock Exchange

The company's shares were added on the Stock Exchange of Hong Kong.

1992

Founded Hopson Development Holdings Ltd.

Co-founded the real estate development company, laying the foundation for his wealth and career.

Philanthropic Impact

Charity$48M

Charitable Donations

Donated US$48 million in one year to charitable causes, continuing his years-long support.

Education$1.1B

Education and Development Fund

Given 1.1 billion yuan worth of stock to an education and development fund.

Wealth Trajectory