What is Allan Wong's Net Worth?
Allan Wong Chi Yun is a Chinese businessman who has a net worth of $1.5 billion. Wong graduated from The University of Hong Kong and earned a Master's degree from the University of Wisconsin-Madison. He has been awarded with an honorary Doctorate from The Hong Kong Polytechnic University. In 1976 Wong co-founded the company VTech with Stephen Leung. They established a small factory in To Kwa Wan. VTech is the global leader in electronic learning products from infancy to preschool and the world's largest manufacturer of cordless phones. It also provides highly sought-after contract manufacturing services. It was founded in 1976 and is headquartered in the Hong Kong Special Administrative Region.
It has state-of-the-art manufacturing facilities in China and also has operations in 11 countries and regions. It employs approximately 30,000 employees, including around 1,500 R&D professionals in R&D centres in Canada, Germany, Hong Kong and China. This network allows VTech to stay abreast of the latest technology and market trends throughout the world, while maintaining a highly competitive cost structure. Wong, as the co-founder of this successful company, has been named #40 on the list of Hong Kong's richest people. He serves as deputy chairman for The Bank of Asia, Ltd. He is also an independent non-executive director of China-Hong Kong Photo Products Holdings Ltd. Wong is married and has two children.
