Larry Yung: Larry Yung Net Worth, Biography, Age, Spouse, Children & More

About Larry Yung

Larry Yung Chi-kin, a prominent Chinese businessman and the former chairman of the Hong Kong-based conglomerate CITIC Pacific, has made significant strides in the business world since his birth on January 31, 1942, in Shanghai. The son of Rong Yiren, the vice president of China, Yung's educational journey in electronic engineering at Tianjin University paved the way for his eventual move to Hong Kong. With the backing of the Chinese government, he initiated ventures that led him to helm CITIC Pacific in 1990. However, his tenure saw a controversial end in April 2009 due to foreign exchange losses, prompting him to establish Yung's Enterprise Holdings focused on real estate speculation. Notably, Yung invested over one billion RMB in Shanghai's real estate market in 2007, earning him the moniker "the Red Capitalist" for his family's connections with the Chinese Communist Party.

Born

January 18, 1942 in Shanghai

Age

84 years

Source Of Wealth

Diversified

Industries

Diversified

Citizenship

China

Residence

Hong Kong

Education

Tianjin University

Spouse

Catherine Yung

Children

Parent

Rong Yiren and Yang Jianqing

Larry Yung Chi-kin, also known as Rong Zhijian, was born on January 31, 1942, in Shanghai, China. He is the son of Rong Yiren, who later became the vice president of China. Yung Chi-kin graduated from Shanghai Nanyang Model High School and went on to major in electronic engineering at Tianjin University.

Larry Yung: Family

Yung Chi-kin's father, Rong Yiren, was a prominent Chinese businessman and politician. He served as the vice president of China from 1993 to 1998. Yung Chi-kin's mother, Yang Jianhua, was a homemaker.

Larry Yung: Career Highlights

Yung Chi-kin moved to Hong Kong with the support of the Chinese government and started several businesses with the Chinese government as a major shareholder. He became the chairman of CITIC Pacific, a Hong Kong-based conglomerate, in 1990. However, he resigned from CITIC Pacific on April 8, 2009, due to a foreign exchange losses controversy.

Larry Yung: Companies

Yung Chi-kin has been involved with several companies throughout his career, including CITIC Pacific, Yung's Enterprise Holdings, and Shanghai Yuyuan Tourist Mart Group.

Larry Yung: Major Achievements

Yung Chi-kin is known for his success in business and his close ties to the Chinese government. He is credited with helping to grow CITIC Pacific into one of the largest conglomerates in Hong Kong.

Larry Yung: Awards & Achievements

Yung Chi-kin has received numerous awards and honors for his contributions to business and society. These include the Order of the British Empire (OBE) in 1997 and the China Reform Friendship Medal in 2008.

Larry Yung: Personal Life & Legacy

Yung Chi-kin is married with two children. He is known for his philanthropy and has donated millions of dollars to various charitable causes. He is also a supporter of the arts and has established several foundations to promote Chinese culture.

Larry Yung: Trivia

Yung Chi-kin is known as "the Red Capitalist" due to his family's ties to the Chinese Communist Party.

He is also a fan of Chinese opera and has written several books on the subject.

Wealth History

Timeline

January 31, 1942

Larry Yung Chi-kin (Rong Zhijian) is born in Shanghai.

1990

Yung becomes chairman of CITIC Pacific.

April 8, 2009

Yung resigns from CITIC Pacific due to foreign exchange losses controversy.

2009

Yung establishes Yung's Enterprise Holdings to pursue real estate speculation.

2007

Yung reportedly invests over one billion RMB in Shanghai real estate.

Larry Yung : FAQs

What is Larry Yung's net worth?

As of 2013, Larry Yung's net worth was $1.00 billion.

What are Larry Yung's main sources of wealth?

Larry Yung's main source of income comes from Diversified.

In which industry does Larry Yung primarily operate?

Larry Yung is primarily involved in the Diversified industry.

What is Larry Yung educational background?

Larry Yung holds a Tianjin University.

How old is Larry Yung?

Larry Yung is 84 years old.

How many children does Larry Yung have?

Larry Yung has 3 children.

Who is Larry Yung Chi-kin and what is his significance in the business world?

Larry Yung Chi-kin, also known as Rong Zhijian, is a prominent Chinese businessman and the former chairman of CITIC Pacific, a major Hong Kong-based conglomerate. His significant contributions to the business sector, especially in real estate and his leadership at CITIC Pacific, mark his importance in the business world.

What is the background and early life of Larry Yung Chi-kin?

Born on January 31, 1942, in Shanghai, Larry Yung Chi-kin is the son of Rong Yiren, who later became the vice president of China. He graduated from Shanghai Nanyang Model High School and majored in electronic engineering at Tianjin University before moving to Hong Kong to start his businesses.

How did Larry Yung Chi-kin contribute to CITIC Pacific's growth?

Larry Yung Chi-kin played a pivotal role in the growth of CITIC Pacific as its chairman starting in 1990. Under his leadership, the conglomerate expanded its operations and investments significantly, particularly in real estate and infrastructure projects.

Why did Larry Yung Chi-kin resign from CITIC Pacific?

Larry Yung Chi-kin resigned from his position as chairman of CITIC Pacific on April 8, 2009, due to a controversy surrounding significant foreign exchange losses that impacted the company.

What ventures did Larry Yung pursue after leaving CITIC Pacific?

After resigning from CITIC Pacific, Larry Yung established Yung's Enterprise Holdings in 2009, focusing on real estate speculation. He notably invested over one billion RMB in Shanghai real estate in 2007, showcasing his continued influence and interest in the real estate sector.