HK Billionaire Cheng Family’s Succession Under Spotlight
- Patriarch raises doubts about successor for business empire
- Multiple siblings in the Cheng family play active roles
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For years, Adrian Cheng had all the trappings of a third-generation scion preparing to lead one of Hong Kong’s wealthiest clans into a new era. He infused his property projects with art, burnished Tsim Sha Tsui’s waterfront as a cultural district and invested in digital tokens.
This month, his heir-apparent status at the $26 billion family empire was thrown into doubt after his father Henry Cheng said the conglomerate is still looking for a successor.