Chinese-American billionaires represent a unique fusion of wealth and influence, linking the world’s two largest economies. Many have made their fortunes in technology, finance or real estate, often using their dual cultural understanding to grasp lucrative business opportunities in both markets.
Here’s how the net worths of the richest Chinese-American billionaires stack up, according to Forbes.
8. Chen Tianqiao, 51, founder of Shanda Group
Estimated net worth: US$1.1 billion
Best known for his success in the online gaming and entertainment industries, Tianqiao Chen is the founder and CEO of Shanda Group, which he formed in 1999 alongside his family, says Forbes. Under Chen’s leadership, Shanda became a major player in the Chinese online gaming market. Now based in California, Chen also owns 80,127 hectares (198,000 acres) of Oregon timberland, making him the 82nd biggest property owner in the United States, according to The Straits Times.
7 and 6. Ronnie Chan, 76, and Gerald Chan, 74, owners of Hang Lung Group
Estimated net worth: US$2 billion
Born in Hong Kong, brothers Ronnie and Gerald Chan studied in the US, where they founded private equity and venture capital vehicle Morningside Group in 1986, per the Financial Times. The Chan family now owns Hang Lung Group – founded by Chan Tseng-hsi in 1960 – one of the largest property developers in Hong Kong.
Ronnie Chan stepped down as Hang Lung Group chairman last year and was succeeded by son Adriel. Gerald is still a non-executive director of the company and is chairman and founding investor of Apellis Pharmaceuticals.