He controls the New World group and has just stepped down as chairman at the end of 2012. He is considered a postwar titan in the field of commerce and is also known as the owner of Chow Tai Fook Enterprises, a conglomerate that operates the Sheraton Marina hotel. Though majority of his earnings is from his real estate interests, his wealth originated from Chow Tai Fook, his jewelry business. Other interests include his partnership with Stanley Ho, and his billion stake in Shun Tak Holdings.
With an estimated net worth of $19.3 billion, Bloomberg Billionaires List had him ranked as the 34th richest person in the world. He also serves as the honorary consul for the Kingdom of Bhutan in Hong Kong.