Billionaire Cheng Yu-tung

Billionaire Cheng Yu-tung

Jerome Favre/Bloomberg

Billionaire Cheng Yu-tung owns 89 percent of Chow Tai Fook Jewellery Group, the largest jeweler in China and Hong Kong. Through Chow Tai Fook Enterprises, his closely held investment company, Cheng also controls New World Development, a land developer with holdings in hotels, retail, infrastructure and public transportation.