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[http://www.forbes.com/lists/2008/82/biz 08hkrichest Chen-Din-Hwa HOW5.html #10 Chen Din Hwa - Forbes.com]

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.

Chen Din Hwa Latest News

Wharf Holdings to Sell Entire Sino-Ocean Stake for $284 Million

15. Vivien Chen — daughter of Nan Fung’s founder Chen Din Hwa — had held a 21.3 percent of Sino-Ocean partly through Nan Fung, according to a Monday filing. Block trades of 651 million shares combined, or 8.7 percent of the developer’s total shares ...
Posted: December 11, 2015, 3:07 am

Agreement over Hong Kong tycoon Chen Din-hwa’s cash quashed

The High Court on Tuesday quashed a HK$9 billion asset distribution agreement that had led to a bitter legal battle between late tycoon Chen Din-hwa’s daughter and his former wife. Mr Justice Anthony Chan Kin-keung said Vivien Chen Wai-wai, the younger ...
Posted: November 29, 2016, 2:58 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, 9:21 am

As H.K. Billionaire Health Worsens, Daughters Battle For Fortune

Chen Din Hwa, founder of the Nan Fung Group, is in the intensive care unit at the Hong Kong Sanatorium and Hospital in Happy Valley. As Chen suffers from Alzheimer’s disease, his two daughters continue to battle over the family fortune. His younger ...
Posted: June 8, 2012, 3:18 am

SearchMedia Announces Final Settlement on Arbitration; Management Change

The Nan Fung Group is a privately held group of companies and business interests controlled by Mr. Chen Din Hwa that carries on business under the trade name of “Nan Fung”, which is principally engaged in the business of property development ...
Posted: May 30, 2012, 9:20 pm
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