Chen Dinghua net worth
Chen Dinghua Net Worth: Chen Dinghua is a Hong Kong industrial tycoon with a net worth of US$2.6 billion. Born in 1923 in a poor family in Ningbo, Zhejiang Province, China, he became a silk merchant at the age of 12. He skipped school to work and helped his father with the textile business he started.
By the time he was 22, he was the general manager of the family-owned business, which operates several stores and factories in Shanghai and Ningbo. In 1954, he founded Nan Fung Textiles, which eventually became a major property developer and shipping company. In 2009, he was declared incapable of “managing and administering his property” by a Hong Kong court due to Alzheimer’s disease. A court-appointed committee named his daughter, Vivien, as Southwind’s head, while her sister, Angela, is a long-time US resident. But Chen’s wife Yang Fuai, unhappy with the court’s ruling, later sued her daughter Vivian, accusing her of undue influence. At the time of his death on June 17, 2012, Chen Dinghua was Hong Kong’s 14th richest man, with an estimated net worth of $2.6 billion. He also left behind the family’s DH Chen Foundation, which follows Buddhist teachings and helps those in need through education, welfare and medical care.
