How rich is Stephen Hung?
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Stephen Hung Net Worth, Wiki & Biography in 2017
Stephen Hung, born in 1959 in then British Hong Kong, is a businessman, perhaps best known for being the Joint Chairman of the investment holding company The 13 Holdings Limited, which is currently building one of the most extravagant resorts in the world called Louis XIII.
A noted entrepreneur, how wealthy is Stephen Hung? According to sources, Hung has acquired a wealth of over $400 million, as of early 2017. His assets include a Rolls-Royce Phantom, Ferrari, Lamborghini Aventador as well as several Bentleys. His net worth has come mostly from his deals in investment banking and real estate.
Stephen Hung Net Worth $400 million
Hung was raised within an upper-class family, his father being a wealthy property investor. He attended Columbia University where he studied medicine, and then the University of Southern California, obtaining his MBA in business administration.
After completing his education, he became involved in the banking sector, working for Merill Lynch Asia as a co-head of investment banking. He then became the Vice Chairman of an investment holding company called eSun Holdings Limited, a member of the Lai Sun Group. Hung was also a Non-Executive Director of the investment holding company AcrossAsia Limited, a member of Lippo Group. As an investment banker, he entered the circles of Asia’s wealthiest businessmen. Aside from high status, his involvement in these investment ventures brought him a decent reputation and an impressive net worth.
Hung eventually became involved in a Hong Kong based company called Louis XIII Holdings Limited, today known as The 13 Holdings Limited. The investment holding company engages in various construction businesses, civil engineering, development and project management, hospitality and entertainment, with Hung serving as its Joint Chairman. The company has had great success in its dealings, with annual revenues surpassing $1 billion. Hung’s involvement in such a successful venture has significantly improved his wealth.
Both Hung and The 13 Holdings Limited have been making headlines for the company’s current project – the development of a luxurious hotel and entertainment complex called “Louis XIII”, which will be located on a site of around 65,000 square feet in Cotai Strip, Macau, east Asia. The 22-storey exclusive hotel will be a place for the world’s richest social class – a 1,858-square-metre room in the exclusive hotel will cost around $130,000 per night. According to Hung, it will be the most luxurious and extravagant casino resort ever imagined and actually built, with over 60 gambling tables requiring a minimum bet of nearly $650. The resort will also include private boutiques for these ultra-wealthy individuals, who will need an invitation to shop in them.
Hung also made headlines in 2014, when he went to England to place a $20 million order for a fleet of Rolls Royce cars. Reportedly, he ordered 30 custom-made Rolls-Royce Phantoms, which has been world’s single largest order of Rolls Royces ever. The vehicles will serve the millionaire guests of the Louis XIII.
Such extravagant ventures have enabled Hung to achieve a great deal of popularity. He has been known as one of the most eccentric businessmen in Asia, who has collected a credible net worth.
Aside from serving as a Joint Chairman at The 13 Holdings Limited., Hung has also served as Chairman at Taipan Investment Group Limited, while also holding the same position at Falloncroft Investments Limited. He has been Vice-Chairman of Rio Entertainment Group too, which operates Macau’s Rio Hotel & Casino. He has been a member of the Board of Directors at I Hung Limited, S Hung Limited, Rio Entertainment Group, Pride Wisdom Group Limited and Chief Wise Limited. His involvement in all these businesses has made Hung a very rich man.
Speaking about his personal life, Hung is married to Deborah Valdez-Hung, a model and businesswoman, with whom he has two children.