Notable Roles | - Chairman & Executive Director, Chow Tai Fook Jewellery Group |
Key Recognition | Grand Bauhinia Medal (2017) | Gold Bauhinia Star (2001) |
Background and Early Foundations
Born in Shunde, Guangdong, China, in 1946, Dr. Henry Cheng Kar-Shun is the eldest son of the late Cheng Yu-tung, the founder of New World Development. He pursued higher education in Canada, earning both HBA and MBA degrees from the Ivey Business School at Western University. Dr. Cheng joined the family business in the early 1970s, marking the beginning of a distinguished career in business leadership.
Career Milestones and Impact
Year | Milestone |
|---|---|
1971 | Joined Chow Tai Fook Jewellery Company Limited as a director. |
1972 | Appointed Director of New World Development Company Limited. |
1989 | Became Managing Director of New World Development. |
2011 | Appointed Chairman and Executive Director of Chow Tai Fook Jewellery Group. |
2012 | Elevated to Chairman of New World Development Company Limited. |
2017 | Received the Grand Bauhinia Medal, the highest honor in Hong Kong. |
- Chow Tai Fook Jewellery Group Sales (2024): HK$108.7 billion (~US$13.9 billion)
- Net Worth: Approximately US$19.5 billion
- Global Operations: Presence in over 27 countries across sectors including real estate, hospitality, energy, and infrastructure
- Family Involvement: Multiple family members hold key executive positions across the conglomerate’s subsidiaries
- Major Holdings: Significant stakes in New World Development, NWS Holdings, and Rosewood Hotel Group
Leadership Style and Influence
Dr. Henry Cheng Kar-Shun’s leadership is characterized by a strategic vision that balances tradition with innovation. He has been instrumental in expanding the family’s business empire beyond its original focus, venturing into diverse sectors such as real estate, hospitality, and infrastructure. His approach emphasizes sustainable growth, corporate governance, and nurturing the next generation of leaders within the organization.
Legacy and Future Focus
Under Dr. Henry Cheng Kar-Shun’s stewardship, the conglomerate has solidified its position as a global powerhouse. He has overseen significant expansions and acquisitions, including the development of the Rosewood Hotel Group and investments in energy sectors. Looking forward, Dr. Cheng is focused on succession planning and ensuring that the conglomerate adapts to the evolving global business landscape, with an emphasis on innovation, sustainability, and social responsibility.
