Albert Yeung

$1.30 B

Ranked #1717 in World

About Albert Yeung

Albert Yeung Sau-shing, born on March 3, 1943, in Hong Kong, is a prominent name in the business world as the founder and chairman of Emperor Group. Commencing his journey in the watch industry in 1964 with "Observatory Watch & Jewellery" on Nathan Road, Kowloon, Yeung quickly expanded his ventures into jewelry and other fields, earning the moniker "King of clocks and watches." His business prowess extended to founding the Albert Yeung Sau Shing Charity Foundation in 2008, directing substantial donations towards educational, cultural, and relief efforts following the 2008 Sichuan earthquake. Despite his significant contributions to community service and charity, Yeung has faced legal troubles, including a conviction for perverting the course of public justice in 1979 and fines for illegal bookmaking and insider dealing in shares. Yet, his philanthropic efforts continue, notably in education and disaster relief, reflecting a complex legacy that intertwines considerable contributions to society and past legal challenges.

Born

March 03, 1943 in Hong Kong

Age

83 years

Source Of Wealth

Real Estate, Retail

Industries

Diversified

Citizenship

Hong Kong

Residence

Hong Kong

Spouse

Yam Man Ling (1969-1979), Luk Siu Man (1985-present)

Albert Yeung Sau-shing was born on March 3, 1943, in Hong Kong. Not much is known about his early years and childhood.

Albert Yeung: Family

Albert Yeung is married and has five children - two sons and three daughters. Two of his sons and two eldest daughters are involved in the family business.

Albert Yeung: Career Highlights

Albert Yeung is the founder and chairman of Emperor Group, a diversified group of listed companies. He started his watch business in 1964 with a shop named "Observatory Watch & Jewellery" on Nathan Road, Kowloon. Just two years after opening his first shop, he obtained the distribution rights for Rolex and Omega watches. In 1966, he expanded his business to jewellery and later to other ventures, becoming known as the "King of clocks and watches."

Albert Yeung: Companies

Albert Yeung is the founder and chairman of Emperor Group, which comprises various listed companies, including Emperor Watch & Jewellery Limited, Emperor Entertainment Group Limited, Emperor Culture Group Limited, Emperor Capital Group Limited, and Emperor International Holdings Limited.

Albert Yeung: Major Achievements

Albert Yeung has made significant achievements in the business world. He is credited with transforming Emperor Group from a small watch shop into a diversified conglomerate with interests in watches, jewellery, entertainment, real estate, and other industries.

Albert Yeung: Awards & Achievements

Albert Yeung has received numerous awards and accolades for his contributions to business and society. Some of his notable awards include:

The Most Influential Charity Project Nomination Award (2007)
Cash awards totaling over RMB 10 million to Chinese gold medalists of the 2008 Beijing Olympics

Albert Yeung: Personal Life & Legacy

Albert Yeung is known for his active involvement in community services and charity work. He established the "Albert Yeung Sau Shing Charity Foundation" in 2008 to support non-profit sports, educational, and cultural activities. He has also made significant donations to various charitable causes and organizations.

Albert Yeung: Trivia

Albert Yeung has been involved in several court cases throughout his career, including convictions for perverting the course of public justice, operating an illegal bookmaking syndicate, and insider dealing.

He has also been acquitted of charges of criminal intimidation and false imprisonment.

Wealth History

Timeline

March 3, 1943

Albert Yeung Sau-shing is born in Hong Kong.

1964

Albert Yeung starts his watch business with a shop named "Observatory Watch & Jewellery" on Nathan Road, Kowloon.

1966

Albert Yeung expands his business to jewellery.

1979

Albert Yeung is convicted of perverting the course of public justice for attempting to influence a witness in a case involving jockey Tony Cruz.

1986

Albert Yeung is fined $50,000 for operating an illegal bookmaking syndicate.

1993

Albert Yeung is found culpable of insider dealing in shares of Emperor (China Concept) Investments Ltd and ordered to pay fines and costs totaling HK$20,693,433.

1995

Albert Yeung is acquitted of charges of criminal intimidation and false imprisonment after prosecution witnesses suffer amnesia.

2003

Albert Yeung contributes to the "Business Community Relief Fund for Victims of SARS".

2005

Albert Yeung participates in the "Together we care, Love for South Asia" Charity Show.

2007

Albert Yeung receives "The Most Influential Charity Project Nomination Award" for funding hospice services in Hubei.

2008

Albert Yeung establishes the "Albert Yeung Sau Shing Charity Foundation" and donates nearly $20 million to relief efforts after the Sichuan earthquake.

2008

Albert Yeung co-founds the Jackie Chan and Albert Yeung Charity Foundation, which donates RMB 10 million to support relief efforts after the Wenchuan County earthquake.

2008

Albert Yeung awards $12.6 million to 63 Beijing Olympic gold medalists for their contributions to sports development in China.

2009

Albert Yeung participates in the "Walk for Hospice".

2010

Albert Yeung participates in "A Feast of Tastes 2010".

2011

Albert Yeung files a defamation writ against Google for linking to sites making libellous accusations against him.

Albert Yeung : FAQs

What is Albert Yeung's net worth?

As of 2019, Albert Yeung's net worth was $1.30 billion.

What are Albert Yeung's main sources of wealth?

Albert Yeung's main source of income comes from Real Estate, Retail.

In which industry does Albert Yeung primarily operate?

Albert Yeung is primarily involved in the Diversified industry.

How old is Albert Yeung?

Albert Yeung is 83 years old.

How many children does Albert Yeung have?

Albert Yeung has 5 children.

Who is Albert Yeung Sau-shing and what is he known for?

Albert Yeung Sau-shing, born on March 3, 1943, in Hong Kong, is the founder and chairman of Emperor Group, a conglomerate of listed companies. He is renowned for starting his watch business in 1964 and later expanding into jewellery and other ventures, earning him the nickname "King of clocks and watches."

How has Albert Yeung contributed to community services and charity?

Albert Yeung is actively involved in charity, founding the Albert Yeung Sau Shing Charity Foundation in 2008 to support non-profit sports, educational, and cultural activities. He has donated to relief efforts, such as nearly $20 million to the Sichuan earthquake relief in 2008, and has established scholarships and institutions to cultivate new talents and support education.

What are some key philanthropic initiatives undertaken by Albert Yeung?

Key initiatives include donating to relief efforts for the Sichuan earthquake, establishing the Emperor Foundation Scholarship, creating the Shanghai Institute of Visual Art’s Emperor School of Performing Arts, and contributing to the Business Community Relief Fund for SARS victims. His charitable contributions have significantly impacted sports, education, and disaster relief.

What legal challenges has Albert Yeung faced throughout his career?

Albert Yeung has faced several legal challenges, including a conviction in 1979 for attempting to influence a witness, a fine in 1986 for operating an illegal bookmaking syndicate, and being found guilty of insider dealing in 1993. He was acquitted of criminal intimidation and false imprisonment in 1995 and filed a defamation writ against Google in 2011.

How has Albert Yeung’s philanthropy impacted sports and education in China?

Albert Yeung’s philanthropy has notably impacted sports by awarding $12.6 million to Beijing Olympic gold medalists and more than RMB 10 million to 2008 Olympic gold medalists for sports development. In education, his Emperor Foundation Scholarship and investments in the performing arts and educational institutions have fostered new talents and supported educational pursuits in China.