Albert Yeung’s profile picture

Albert Yeung

Albert Yeung’s profile picture
Net worth 2018: $1.62 Billion
Industry: Diversified
Residence: Hong Kong, Hong Kong
Country: Hong Kong
BirthDay: 1943
Children: 5
BIOGRAPHY

Albert Yeung was bornon 1943 in Hong Kong, Hong Kong, Hong Kong. Albert Yeung is #1472 in List Billionaires People In The World. Albert Yeung took off as an entrepreneur in his early 20s, with his father's small watch retailer--founded in war-torn Hong Kong in the '40s--as the base. Leveraging the city's rapid growth in the '70s and '80s, he has developed a diversified group of businesses, with his family's heritage, the watch and jewelry business, as the core. His entertainment business, though not a major revenue generator, has been attracting the limelight for the whole group. There are now five Hong Kong-listed companies in the group: Emperor International Holdings, which focuses on real estate investment and property development; Emperor Watch and Jewellery, which specializes selling luxury watches and fine jewelry; Emperor Entertainment Hotel, which concentrates on hotel and gaming businesses in Macau; Emperor Capital Group, which provides a wide range of financial services; and Emperor Culture Group, which principally engages in entertainment, media and cultural development business.

NET WORTH STATISTIC
2011

$1.4 Billion

2012

$1.1 Billion

2013

$1.4 Billion

2014

$1.1 Billion

2015

$1.3 Billion

2016

$1.1 Billion

2017

$1.5 Billion

2018

$1.62 Billion

TIMELINE
2011

On 8 August 2011 the South China Morning Post reported that Yeung had filed a writ for defamation against Google in the Hong Kong High Court on the grounds that it links to sites making libellous accusations against him

2008

Cash awards totalling over RMB 10 million were also granted to Chinese gold medalists of 2008 Beijing Olympics

2007

He funded hospice services in Hubei, which made him win "The Most Influential Charity Project Nomination Award" in 2007

2003

Yeung's charity works in Hong Kong include "Business Community Relief Fund for Victims of SARS" in 2003, "Together we care, Love for South Asia" Charity Show in 2005, "Walk for Hospice" in 2009 and "A Feast of Tastes 2010"

1998

After a ten-day trial, on 8 June 1998, High Court judge Mr Justice Burrell, sitting as the Chairman of the Insider Dealing Tribunal together with two members, found Yeung culpable of insider dealing in shares of his listed Emperor (China Concept) Investments Ltd in October 1993

1986

In 1986, Yeung was convicted of operating an illegal bookmaking syndicate and fined $50,000

1979

On 10 February 1979, jockey Tony Cruz (Chinese: 告東尼), his brother and two other persons had an argument in a car park in the New Territories with Wai Kin-bong, who was knocked unconscious and hospitalised until 28 February

1976

Yeung was the Charter President of "Lion Club of South Kowloon" in 1976

1966

Two years after he opened his first shop, he obtained the distribution rights of Rolex and Omega watches and expanded his business to jewellery in 1966 and later on to other ventures

1964

In 1964, he opened his own watch shop, "Observatory Watch & Jewelery" on Nathan Road, Kowloon

1960

In the 1960s his father lent him 200,000 yuan to start his watch business

1943

Albert Yeung was born in Hong Kong in 1943 and traces his root to Teochew (Chaozhou), Guangdong, China

1942

His father, Mr Yeung Shing, opened a watch shop named "Shing On Kee Watch Shop" in 1942, setting the business foundation

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