Connect with us

Businesspersons

Stephen Hung Net Worth

Published

on

Stephen Hung's Net Worth as of 2024
$400 Million

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.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Businesspersons

Charles Saatchi Net Worth

Published

on

Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.

Charles Saatchi Net Worth $100 Million

They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.

To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 –  by Sol LeWitt,  a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.

Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990.  Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.

Continue Reading

Businesspersons

Mikey Teutul Net Worth

Published

on

Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.

So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned  by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.

Mikey Teutul Net Worth $3 Million

Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.

In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was  that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr  Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul  Jr. was the former chief fabricator of OCC.

So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.

In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!

In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.

Continue Reading

Recommended

Models6 hours ago

What is Eyal Booker doing now? His Age, Height, Dating, Net Worth

Eyal Booker is a versatile personality known for his roles in reality TV, modeling, and influencing. Recognized for his time...

TV Personalities6 hours ago

What does Collete Davis do? Her Age, Height, Leaks, Boyfriend

Collete Davis is known as an American professional race car driver, engineer, entrepreneur, and TV personality. She has competed in...

Instagram6 hours ago

The Life and Career of Mar De Regil: Age, Height, Parents, Dating

Mar de Regil has become a sensation on social media, especially on her TikTok content account, marderegil, on which she...

Instagram6 hours ago

Carriejune Anne Bowlby: Story of a Gym Lover and Instagram Star

Carriejune Anne Bowlby was born on 7 February 1996 in New Jersey. She’s known for being a prominent figure in...

Celebrities6 hours ago

The Rise of Susana Almeida: From Weather Girl to Internet Star

Charismatic Mexican weather girl Susana Almeida, found herself thrust into the spotlight of internet fame following an unexpected wardrobe malfunction...

Social Media Stars6 hours ago

What does Shawn Cee do for a living? His Age, Height, Net Worth

Dynamic American YouTuber Shawn Cee, has successfully carved out a distinctive niche within the music review and reaction space. Boasting...

Social Media Stars6 hours ago

What does Peter Vigilante do? His Age, Height, Leaks, GF, Net Worth

Peter Vigilante is a multifaceted personality, acclaimed as a social media sensation, personal trainer, and reality television star. His journey...

Social Media Stars6 hours ago

How did Matt Sturniolo become Famous? His Age, Height, GF, Bio

Matt Sturniolo is a prominent American content creator and social media personality, widely known as one of the Sturniolo triplets....

Instagram6 hours ago

What is Kennedy Walsh famous for? Her Age, Height, Dating, Salary

Notable social media personality Kennedy Walsh, has garnered widespread acclaim for her engaging content on platforms such as YouTube, Instagram,...

Instagram6 hours ago

What is Jacob Day Famous for? His Age, Height, Dating, Net Worth

American social media sensation Jacob Day, catapulted into the limelight by sharing an array of lip-sync performances and humorous video...

Trending