BillionaireNet
Fong
David Fong
Rank #1728
HONG KONGreal-estateReal estate

David Fong

Net Worth
$2.275B
0% (24h)
David Fong is a prominent Hong Kong real estate executive with an estimated net worth of $2.3 billion (as of December 2025). He is the co-chairman and managing director of Hip Shing Hong Group, one of Hong Kong's largest private real estate investment companies, a source of wealth stemming from his family's long-standing involvement in the real estate sector. His career in real estate followed a period managing the family's property business in the United States. Fong is also known for his philanthropic efforts through the Fong Shu Fook Tong Foundation and Fong's Family Foundation.

The Full Dossier

Early Life

David Fong is the son of Fong Yun Wah, who arrived in Hong Kong from Guangdong province in 1927. He holds a BA in Economics from Simon Fraser University, Canada, and an MBA from the University of Hong Kong. Before joining the family business, Hip Shing Hong, he led the real estate venture in the US.

Rise to Success

David Fong serves as the Managing Director and Co-chairman of Hip Shing Hong Group, a leading private real estate investment company in Hong Kong. He oversees the company's strategic direction and has enriched its portfolio by investing in new sectors such as serviced apartments and hotels. He returned to Hong Kong in 1993 after managing the family's property business in the United States, and took on the role of Managing Director in 2009.

Key Business Strategies

Hip Shing Hong's business spans across residential, commercial, and hospitality sectors. Under David Fong's leadership, the group has focused on upgrading its properties with new and smart technologies.

Philanthropy

David Fong is the Chairman of the Fong Shu Fook Tong Foundation and Fong's Family Foundation. The foundations support charitable causes across Hong Kong and Mainland China, focusing on education, elderly and children's care services, medical services, and poverty alleviation. The family has a strong commitment to giving back to society and improving the community.

Career Timeline

2022

Co-chairman

Became the co-chairman of Hip Shing Hong Group.

2009

Managing Director of Hip Shing Hong

Assumed the role of Managing Director, steering the strategic direction of the company.

1993

Returned to Hong Kong

Returned to Hong Kong after working with the family's property business in the US.

Philanthropic Impact

CharityUndisclosed

Fong Shu Fook Tong Foundation

Supports charitable causes in Hong Kong and Mainland China, focusing on education, elderly and children's care services, medical services, and poverty alleviation.

CharityUndisclosed

Fong's Family Foundation

Supports charitable causes in Hong Kong and Mainland China, focusing on education, elderly and children's care services, medical services, and poverty alleviation.

Medical Research$1M

Donation to HKBU

Donated to HKBU to support diabetes research projects.

Wealth Trajectory