Name Stephen Hung | Children Ivan Hung, Sean Hung | |
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Spouse Deborah Valdez-Hung (m. 2012) | ||
Deborah Valdez-Hung with Stephen Hung, Lala Rudge, Camila Coelho - Elie Saab SS19 show - 29.09.2018
Stephen Hung (Chinese: 洪永時) is a flamboyant Hong Kong property investor and former banker.
Contents
- Deborah Valdez Hung with Stephen Hung Lala Rudge Camila Coelho Elie Saab SS19 show 29092018
- Exclusive extravagant billionaire stephen hung and his wife the beautiful deborah valdez
- Career
- Family and personal
- References
He is the Joint Chairman of Hong Kong-listed The 13 Holdings Limited. In addition, he is the chairman of The Taipan Investment Group and the vice-chairman of Rio Entertainment Group, which operates the Rio Hotel & Casino in Macau.
Exclusive extravagant billionaire stephen hung and his wife the beautiful deborah valdez
Career
Hung was educated at Columbia University and the University of Southern California, where he earned a master's degree in business administration.
Hung was co-head of investment banking for Asia at Merrill Lynch. He later formed his own investment company. Hung has also previously served as the Vice Chairman of eSun Holdings and as a non-executive director of Lippo Group’s AcrossAsia Limited.
In 2013 he set about developing a luxury casino-resort in Macau, under the name Louis XIII. By 2017, the project was lavishly built and under a new name 'The 13', but was in financial difficulties, having neither opened nor been awarded a casino licence. Hung's main vehicle and the operating company for the project, 13 Holdings Limited, had targeted extremely wealthy officials and the business elite from the People's Republic of China. However, in 2014, China's president Xi Jinping, in Macau for its 15th anniversary as an SAR, announced his government's displeasure at such ostentatious excess, as part of his crackdown on corruption, which severely impacted the project's ambitions. The company sold a 52 percent stake in its engineering subsidiary Paul Y Engineering.
Family and personal
Hung's parents amassed substantial wealth as successful property dealers.