Chen Din Hwa’s profile picture

Chen Din Hwa

Chen Din Hwa’s profile picture
Net worth 2018: $2.6 Billion
Industry: Real Estate
Country: Hong Kong
BirthDay: 1923
Died On: 17/06/2012
Children: 2
BIOGRAPHY

Chen Din Hwa was bornon 1923 in Hong Kong. Chen Din Hwa came to Hong Kong from the mainland, started textile company in 1954 and transformed the privately held Nan Fung Group into a major property developer and shipping company. Diagnosed with Alzheimer's in 2009, a Hong Kong court declared him incapable of "managing and administering his properties. " A court-appointed committee tapped daughter Vivien to head Nan Fung, passing over her older sister Angela, a longtime U.S. resident. Chen's wife, Yang Foo Oi, is suing Vivien, accusing her daughter of exercising undue influence. Inspired by the teachings of Buddhism, the family's D.H. Chen Foundation has made substantial donations to help the needy through education, welfare and medicine.

NET WORTH STATISTIC
2010

$3.2 Billion

2011

$3.8 Billion

2012

$2.6 Billion

2018

$2.6 Billion

TIMELINE
2014

At his death he was ranked by Forbes as the 14th wealthiest person in Hong Kong, with a net worth of US$2

2012

Chen died on 17 June 2012 at the age of 89, reportedly of prostate cancer

2011

Chen was married to Yang Foo Oi until 2011, when the couple divorced

2010

In 2010, his wife Yang Foo Oi and elder daughter Angela, a trained architect who lived in the United States and now in Hong Kong, sued younger daughter Vivian, alleging that Chen was misled into transferring assets to a trust fund controlled by Vivian

2009

When diagnosed with Alzheimer's disease in 2009, Chen handed over control of his business to his younger daughter Vivien Chen, who had been part of the business since 1981

1954

In 1954, he established Nan Fung Textiles (later Nan Fung Textiles Consolidated Limited), becoming chairman, and Nan Fung Development Limited

1949

In 1949, Chen's family shifted to Hong Kong and set up in business there

1923

Chen was born in Ningbo, Zhejiang Province, Mainland China in 1923

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