Chen Din Hwa
Encyclopedia
Chen Din-hwa is a Hong Kong
industrial tycoon
, billionaire
and philanthropist
. He is regarded as the Magnate of Cotton Yarn in Hong Kong.
, Zhejiang Province, Mainland China
in 1923. His father was a Shanghai
-based industralist mainly did business in textile. When Chen was 22 years old, he already became the chief manager of his family business and owns several shops and factories in Shanghai and Ningbo. 1949, Chen's family shifted to Hong Kong and developed business there.
In 2005, Chen was reported to be worth US$1,400,000,000.
The 2008 Hong Kong's 40 Richest by Forbes, ranked Chen as one of Hong Kong's top 10 billionaires.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
industrial tycoon
Business magnate
A business magnate, sometimes referred to as a capitalist, czar, mogul, tycoon, baron, oligarch, or industrialist, is an informal term used to refer to an entrepreneur who has reached prominence and derived a notable amount of wealth from a particular industry .-Etymology:The word magnate itself...
, billionaire
Billionaire
A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...
and philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
. He is regarded as the Magnate of Cotton Yarn in Hong Kong.
Life
Chen was born in NingboNingbo
Ningbo is a seaport city of northeastern Zhejiang province, Eastern China. Holding sub-provincial administrative status, the municipality has a population of 7,605,700 inhabitants at the 2010 census whom 3,089,180 in the built up area made of 6 urban districts. It lies south of the Hangzhou Bay,...
, Zhejiang Province, Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
in 1923. His father was a Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
-based industralist mainly did business in textile. When Chen was 22 years old, he already became the chief manager of his family business and owns several shops and factories in Shanghai and Ningbo. 1949, Chen's family shifted to Hong Kong and developed business there.
Business
Chen is the chairman of Nan Fung Textiles Consolidated Limited and Nan Fung Development Limited.In 2005, Chen was reported to be worth US$1,400,000,000.
The 2008 Hong Kong's 40 Richest by Forbes, ranked Chen as one of Hong Kong's top 10 billionaires.