Pollyanna Chu’s profile picture

Pollyanna Chu

Pollyanna Chu’s profile picture
Net worth 2018: $7.08 Billion
Residence: Hong Kong, Hong Kong
Country: Hong Kong
BirthDay: 1958
Children: 1
Education: Bachelor of Arts / Science, Golden Gate University
BIOGRAPHY

Pollyanna Chu was bornon 1958 in Hong Kong, Hong Kong, Hong Kong. Pollyanna Chu is #221 in List Billionaires People In The World. The city's most prominent woman deal-maker, entrepreneur and billionaire, Chu could easily have stepped into her family's hotel and casino business. Or, like many of her peers, made a fortune in the city's lucrative real estate market. Instead she decided to bet on the region's growing capital markets and launched Kingston Financial Group in 1992. Her wealth has tripled in just the past two years. In 2016 FORBES ranked her at No. 42 on the list of the World's 100 Most Powerful Women. Leveraging her personal network, the city's proximity to China and a more liberal stock market regime, Chu built Kingston into a financial powerhouse that competes with the Morgan Stanleys and Goldman Sachs of the world for local business. Named for her only son, Kingston boasts a market capitalization of $6 billion; she owns 74.6%.

NET WORTH STATISTIC
2013

$1 Billion

2014

$1.6 Billion

2015

$1.55 Billion

2016

$3.1 Billion

2017

$4.9 Billion

2018

$7.08 Billion

TIMELINE
Pollyanna Chu (Chu Yuet Wah; Chinese: 朱李月華) is a businesswoman from Hong Kong. She is an executive of Kingston Financial Group, Golden Resorts Group, and Sincere Watch. As of 18 January 2017, Chu's estimated worth was US$4.8 billion, making her the 14th richest person in Hong Kong.In 1958 Chu was born as Yuet Wah Lee in Hong Kong. Her father was Wai Man Lee. She grew up in Aberdeen, Hong Kong. Pollyanna Chu moved to the United States at the age of 18. She holds a bachelor's degree in Management from Golden Gate University and awarded an Honorary Ph.D. in Business Management by York University, United States.She married her husband, Nicholas who she met while studying in San Francisco. She has one child named Kingston, who was born in San Francisco, but raised in Hong Kong. In Nov 2015, her son Kingston celebrated his wedding with Kelly Lo in Hong Kong.Pollyanna and her husband Nicholas Chu became real estate investors on her father's recommendation and moved to Hong Kong in 1992 to pursue the business.Kingston Financial Group Limited Following success in California real estate, they founded Kingston Financial in 1992. The company was named after their son. Chu served as Managing Director, but co-ran Kingston Financial with her husband. The company initially focused on IPO distribution and mergers and acquisitions, finding particular success in 2010 as a top five firm in the latter pursuit.As of 2016, Chu is the CEO and Executive Director of Kingston Financial Group Limited. As of 2016, she is the biggest shareholder and CEO of Kingston Financial. According to Bloomberg's League Tables, in 2016, Kingston Financial is ranked the 1st as the leading Placing Agent and Underwriter in Hong Kong with 47 issues. The Group is also ranked the 3rd M&A Financial Adviser in Hong Kong with 22 deals.Securities and Futures Commission Issue In 1997 she was "fined...for working as an unregistered dealer." Chu was accused of market manipulation in 2003 by the Securities and Futures Commission.Golden Resorts Group Chu is the Chief Executive Officer of the Golden Resorts Group Limited. It is engaged in the hotel and gaming business, notably Casa Real Hotel and Grandview Hotel in Macau.Sincere Watch Limited In 2012, she bought a 100% stake in Sincere Watch Limited, which is currently run by her son, Kingston Chu.In May 2012, Chu became the Executive Director of Sincere Watch (Hong Kong) Limited and Director of Sincere Watch Limited. In July 2012, she became the Chairman of Sincere Watch (Hong Kong) Limited.In July, 2012, she was named Chairwoman of Franck Muller's Asia-Pacific operations.Reference: Chu was given the "Outstanding Chinese Prize" in 2008. In 2012, Forbes Asia listed her as one of their "Women In The Mix", their #35 Power Woman of 2017, their #549 'Billionaire' of 2016, and their #16 out of 'Hong Kong's 50 Richest' in 2016.
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