Cheung Chung-kiu Biography & Net Worth
|Popular Name:||Cheung Chung-kiu|
|Profession:||Businessman, Property Developer|
|Net Worth:||$1.5 Billion|
Cheung Chung-kiu is a Hong Kong –based Chinese billionaire business tycoon and investor who currently sits as the chairman of Y.T. Realty, Yugang International, and C C Land. Born in the city of Chongqing in China in 1964, he tried to find his feet in his motherland for many years until he left for Hong Kong in the year 1980 to search for better opportunities. Till this day, Cheung has never looked back since he made the great move that eventually helped to shape things for him and transform his life for good. He found a bit of balance in a new country and focused on doing several businesses to keep soul and body together until he finally had his big break in the business world. Today, Cheung Chung Kiu is one of the wealthiest men in China, and also one of the richest people on the planet. He did it by sheer hardwork without anybody’s help and also without depending on handouts. He is definitely an inspiration to the younger generation, and his entrepreneurial success story serves to motivate younger entrepreneurs and the youth in general. If you keep on with reading this article, you will discover how Cheung Chung Kiu was able to emerge successful and find his place on top after coming from a very low background. You will also find interesting details such as this man’s salary, net worth, family, accomplishments and other intriguing facts.
Cheung Chung-kiu’s Biography & Career
Cheung Chung-kiu (or Zhang Songqiao) was born in Chongqing, China in the year 1964. He lived in his hometown for sixteen years before moving out in search of better opportunities. His father, Zhang Qingxin, was a former director of a foreign trade enterprise, and has been a member of board in some of his Cheung’s companies.
With the help of his father, Cheung was able to secure residency in Hong Kong in 1980. Once this was done, he set up a small business and started working tirelessly to expand and grow his venture. Although things did not happen easily for him in the beginning, he eventually found his way through the initial huddles, and grew his business gradually.
Cheung’s career started when he began purchasing cassettes, watches, umbrellas and electronic goods to resell in mainland China. With time, his wealth began to grow and he decided to diversify, branching into property. He acquired in the north side of Chongqing and used it to construct the California Garden, which became known as Chongqing’s first large housing project. He was 29 years old when he had one of his companies listed on the Hong Kong stock exchange. That company is Yugang International, and still operates till today.
Cheung also founded the Hong Kong-listed company C C Land, and currently serves as its chairman. In March 2017, his company C C Land paid British Land and Oxford Properties the sum of £1.15 billion to purchase London’s Leadenhall Building. In January 2020, he was in the process of acquiring the 2–8a Rutland Gate. It is a 45-room 62,000 sq ft property overlooking Hyde Park, London. It is said that he paid between £205 and £210 million for the mansion. This would make it the most expensive house to ever be sold in the United Kingdom. It is not clear what Cheung intends to do with the property. It is unknown if he intends to convert it into apartments or keep it as a single house. If the former is the case, the property’s value may increase to as much as £700 million.
Cheung Chung Kiu Net Worth
Chinese businessman Cheung is perhaps best known for his role as the chairman of C C Land. Other companies he has founded and controls are Y.T. Realty and Yugang International, and his involvement in his various businesses has made him extremely wealthy. After years of working really hard and making significant investments in several industries, Cheung Chung Kiu net worth is pegged at $1.5 billion as per multiple online reports. Born and raised in Chongqing, China, he defied all the odds and fought his way away from poverty. He moved to Hong Kong as a teenager and started buying different sorts of goods which he resold in his country China, and this marked the beginning of positive things in his life. He went on to establish several companies which not only exists till this day, but continues to serve as a profitable means of income generation for him and his family.
Cheung Chung Kiu is a resident of Hong Kong. Where there are no details on his salary and commission as the chairman of his massively successful companies Y.T. Realty, Yugang International, and C C Land, Cheung’s massive wealth has helped him become achieve well-deserved fame as one of the wealthiest men in China, and also one of the richest people on the planet.