Chen Din Hwa Net Worth

Chen Din Hwa was a successful businessman who immigrated to Hong Kong from the mainland and founded a textile company in 1954. After being diagnosed with Alzheimer's in 2009, a court appointed his daughter Vivien to head the Nan Fung Group, which he had transformed into a major property developer and shipping company. His wife is now suing Vivien, claiming she has exercised undue influence. Chen was also a philanthropist, donating to charities through the D.H. Chen Foundation to help those in need through education, welfare and medicine.
Chen Din Hwa is a member of Real Estate

Age, Biography and Wiki

Birth Year 1923
Birth Place Hong Kong
Age 97 YEARS OLD
Died On 17 June 2012 (aged 89)\nHong Kong Sanatorium & Hospital, Hong Kong
Residence Hong Kong
Citizenship Hong Kong
Occupation Founder and Chairman Nan Fung Development Ltd
Spouse(s) Yang Foo Oi (19??–2011; divorced); 2 daughters
Children Angela Chen Wai-fong and Vivien Wai Wai Chen (daughters)

💰 Net worth: $2.6 Billion (2024)

Chen Din Hwa, a prominent figure in the real estate industry in Hong Kong, has accumulated an estimated net worth of $2.6 billion as of 2024. Renowned for his successful ventures in the property market, Chen Din Hwa has established himself as a key player in this lucrative sector. With his strategic investments and astute business acumen, he has been able to generate substantial wealth over the years, solidifying his position as one of the wealthiest individuals in Hong Kong. Chen Din Hwa's achievements in real estate have undoubtedly made a significant impact on the city's landscape and economy.

2010 $3.2 Billion
2011 $3.8 Billion
2012 $2.6 Billion
2018 $2.6 Billion

Biography/Timeline

1923

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 industrialist, 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.

1954

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.

2009

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.

2011

Chen was married to Yang Foo Oi until 2011, when the couple divorced. The marriage produced two daughters. As a devout Buddhist, Chen founded the eponymous D.H. Chen Foundation, which provides charity services in education, welfare and Medicine.

2012

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.