Henry Cheng

Henry Cheng succeeded his late father, Cheng Yu-tung, as chairman of family flagships Chow Tai Fook Jewellery Group and New World Development.Cheng chairs at least seven companies in the family network and serves as a director of privately held family investment vehicles.Brother Peter Cheng oversees the family's mainland China property portfolio, which has an estimated value of $16 billion. At least ten family members work in the family network of enterprises, including Henry Cheng's Harvard-educated children Adrian and Sonia. Adrian Cheng is an executive director at both flagship companies and Sonia Cheng is CEO of Rosewood Hotel Group, acquired by New World in 2011.