What is Chu Mang Yee's Net Worth?
Chu Mang Yee is a Chinese real estate mogul who has a net worth of $1.6 billion. Born in 1959, Chu Mang Yee earned his wealth as a co-founder of Hopson Development Holdings Ltd., a real estate development company. The company was launched in 1992, and since 1998, its shares have been added on the Stock Exchange of Hong Kong. During the years, it grew into a leading property corporation that has interests in wide range of real estate developments, including commercial spaces, hotels and residential property.
Currently, Chu Mang Yee serves as an Executive Chairman of Hopson Development as well as the Chairman of Beijing Shengchuang Hengda Real Property Development Co. Limited and Vice-Chairman of Guangdong Research Institute for the Development of Corporate Strategy. Moreover, he is a part of the China People's Political Liaison Committee, and he is also an Honored Citizen of the city of Meizhou in Guangdong Province. Last year, the company faced controversy because Chu made his daughter Chu Kut Yung, 27 years old, the Vice-Chairman with an annual salary of $320,000.
