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Hong Kong billionaire Cheng family's succession under spotlight

Bloomberg
Bloomberg • 7 min read
Hong Kong billionaire Cheng family's succession under spotlight
It had been widely expected that Adrian Cheng, 44, would take over leadership of the family empire from his father Henry / Photo: Bloomberg
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For years, Adrian Cheng had all the trappings of a third-generation scion preparing to lead one of Hong Kong’s wealthiest clans into a new era. He infused his property projects with art, burnished Tsim Sha Tsui’s waterfront as a cultural district and invested in digital tokens. 

This month, his heir-apparent status at the US$26 billion family empire was thrown into doubt after his father Henry Cheng said the conglomerate is still looking for a successor. 

“I’m still observing but I think it’s not so easy to identify such a person,” he said in a television interview, adding that the family has a wide range of operations and qualified “members can be in charge of each business sector. If there’s no family member suitable, we can hire from the outside.”

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