Career
He owns Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed New World group. Cheng’s wealth originated from his jewellery business, Chow Tai Fook. Cheng’s grandson, 32-year-old Adrian Cheng Chi-kong, is set to inherit part of Chow Tai Fook and the Hong Kong-listed New World group, active in property and infrastructure.
He also has interests in Shun Tak Holdings, and the Sociedade de Turismo e Diversoes de Macau, owned by Stanley House
As of October 2012, The Bloomberg Billionaires List ranks him as the 34th richest person in with world with an estimated Netto worth of United States 19.3 billion. Cheng also serves on the board of the Hang Seng Bank, Hong Kong"s third-largest bank.
He represents the Kingdom of Bhutan in Hong Kong, serving as the honorary consul for the country. He has four children.
