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Hwa
Tung Chee Hwa
Rank #1387
HONG KONGLogisticsShipping

Tung Chee Hwa

Net Worth
$2.888B
0% (24h)
Tung Chee Hwa, born in Shanghai in 1937, is a prominent figure in Hong Kong's business and political landscape, with an estimated net worth of $2.9 billion. His wealth originates from his family's shipping business, Orient Overseas Container Line (OOCL), where he served as head for 14 years. His career includes a Bachelor of Science degree in marine engineering from the University of Liverpool. He also worked in the United States at General Electric and in the family business before returning to Hong Kong in 1969 to run OOCL. Subsequently, Tung served as the first Chief Executive of Hong Kong from 1997 to 2005, after which he held a position as vice-chairman of the Chinese People's Political Consultative Conference (CPPCC). He is known for his role in promoting better understanding between the U.S. and China. Tung is currently ranked #1265 on Forbes' 2025 Billionaires list.

The Full Dossier

Early Life

Tung Chee Hwa was born in Shanghai, China, on July 7, 1937, into a family with a strong presence in the shipping industry. His father, Tung Chao Yung, founded Orient Overseas Container Line (OOCL). In 1949, the family relocated to Hong Kong. Tung received his education in the United Kingdom, graduating from the University of Liverpool in 1960 with a degree in marine engineering.

Rise to Success

After completing his studies, Tung worked as an engineer in the United States before returning to Hong Kong in 1969 to contribute to the family business. He took over the leadership of Orient Overseas Container Line (OOCL) after his father's death in 1981. Under his leadership, OOCL expanded its global presence and navigated various economic challenges. In 1997, Tung transitioned from the business world to politics, becoming the first Chief Executive of the Hong Kong Special Administrative Region (SAR), a role he held until 2005.

Key Business Strategies

During his time at OOCL, Tung focused on expanding the company's global reach and integrating advanced technology into its operations. After leaving office, he became a vice-chairman of the Chinese People's Political Consultative Conference (CPPCC). In 2008, Tung formed the China-United States Exchange Foundation (CUSEF) to foster better relations between the two countries.

Philanthropy

Tung is involved in philanthropy through his foundation. He also founded the think tank Our Hong Kong Foundation in 2014. Details on specific amounts are unavailable at this time.

Career Timeline

2005

Vice Chairman

Appointed vice-chairman of the Chinese People's Political Consultative Conference (CPPCC) in March 2005

2005

Resigned as Chief Executive

Resigned as Chief Executive of Hong Kong.

1997

Chief Executive of Hong Kong

Became the first Chief Executive of the Hong Kong Special Administrative Region (SAR).

1982

Head of OOCL

Became head of Orient Overseas Container Line (OOCL) after his father's death.

1969

Returned to Hong Kong

Returned to Hong Kong to help manage the family shipping business.

1960

Graduated from University of Liverpool

Earned a Bachelor of Science degree in marine engineering.

Philanthropic Impact

International RelationsUndisclosed

China-United States Exchange Foundation (CUSEF)

Promotes understanding between the U.S. and China

Think TankUndisclosed

Our Hong Kong Foundation

Founded in 2014. Information on specific initiatives and financial details not available

Wealth Trajectory