Millionaire businessman Stephen Hung, who was born in China, is the founder and chairman of SH Capital Group. He is also the vice chairman of the Rio Hotel & CasinoChina, is the founder and chairman of SH Capital Group. He is also the vice chairman of the Rio Hotel & Casino. He previously held the position of Merrill Lynch’s Asia Head of Investment Banking. known for appearing in the Netflix series “Bling Empire: New York, Hung.” The predicted net worth of Stephen Hung in 2023 is $400 million.
Stephen Hung Wiki Biography
Stephen Hung, a businessman who was born in 1959 in what was then British Hong Kong, is most known for serving as the joint chairman of investment holding company The 13 Holdings Limited, which is now constructing the Louis XIII resort, one of the most opulent hotels in the entire world.
How wealthy is Stephen Hung, a well-known entrepreneur? As of early 2017, Hung reportedly owned assets worth over $400 million. A Rolls-Royce Phantom, a Ferrari, a Lamborghini Aventador, and many Bentleys are among his possessions. The majority of his fortune has come from real estate and investment banking transactions.
|Full Name||Stephen Hung|
|Date of Birth||August 24, 1959|
|Age||63 years old|
|Born Place||Hong Kong, China|
|Profession||Business executive, property investor|
|Net Worth||$400 million|
Stephen Hung Net Worth & Career
At Citi, Stephen Hung started his career as the Vice President of Real Estate. He started working there in 1983 and stayed for three years, finishing in 1985. In 1985, Hung was named Merrill Lynch’s head of investment banking for Asia. Up until 1991, he worked at Merrill for six years. After that, he established The 13 Holdings Limited, a holdings firm for investments, and served as its chairman.
In 1992, Stephen started the private investing company SH Capital Group. The real estate, hospitality, and luxury sectors are the key areas of focus for the investment company. In addition, he holds the position of Vice President for the Rio Entertainment Group, which manages a casino in Macau. In 2013, Stephen began working on the construction of a resort in Macau under the auspices of Louis XII Holdings Limited.
Princess Tania de Bourbon Parme accompanied Hung for the project in Macau. The undertaking was eventually finished in 2017 and given the new name “The 13.” However, because it was denied a casino licence, the company was forced to deal with financial issues. 13 Holdings Limited primarily targeted China’s super-rich and incredibly successful businesspeople. However, the endeavour didn’t turn out well. The 13 Holdings’ engineering company, Paul Y Engineering, eventually saw the sale of 52% of its shares after some time.
Hung and the South Shore Holdings Limited company, according to reports, lost over $.16 billion on the 13 Macau, an opulent casino hotel that was a financial disaster.The 13 Macau was a hotel and casino that was constructed with VIP patrons in mind. In 2018, the VIP-focused hotel and casino debuted. Only 16 rooms were reserved in the first year of business. After South Shore was shut down in 2020, Stephen was ultimately fired.
Stephen, one of the eight cast members of the upcoming Netflix series “Bling Empire: New York,” has recently gained notoriety. The first episode of the Netflix series aired on January 20, 2023. The reality show covers the affluent Asian Americans’ chic New York City lifestyles. Along with their intriguing outfits, the show also showcases their opulent and wealthy lives. The show also has Dorothy Wang, Tina Leung, Lynn Ban, Blake Abbie, Richard Chang, and Vika as guest stars.
Stephen Hung Wife & Personal Life
Stephen Hung is married to Deborah Valdez, a model. Deborah was on vacation in Hong Kong after completing her legal education in Mexico when they first met.
2012 saw Stephen and Deborah exchange vows at the Diamond Ballroom of the Ritz-Carlton in Hong Kong. The couple attended numerous high-society functions in Hong Kong together after their wedding. Ivan and Sean are the couple’s two kids.
Stephen Hung Net Worth
As of 2023, Stephen Hung’s projected net worth was $400 million. The Washington Post referred to him as the largest spender in the world in 2014. Hung received the title because of his ostentatious automobile collection and pricey luxury attire from labels like Versace and Dolce & Gabbana. Stephen gained notoriety for spending a staggering $20 million on 30 crimson Rolls Royce Phantoms with unique paint jobs.
Stephen Hung age and height
Hung’s birthday is not listed online, but he was reportedly born in 1959 and is 63 years old. He is 5 feet 9 inches.
Some facts about Stephen Hung
- Rich businessman Stephen serves as co-chairman of “13 Holdings Limited.”
- He attended the University of Southern California as well as Columbia University.
- He went to work for Merrill Lynch after graduating.
- His parents were prosperous businesspeople as well.
- He has interacted with a number of well-known celebrities, including Steve Harvey and Jean Paul Gaultier.
Stephen Hung Instagram
Follow Hung on Instagram at @stephenhungofficial to stay up-to-date with him. After people watch his new show, his following—which currently stands at over 655k—will probably grow. In the majority of his posts, he flaunts his extravagant lifestyle and unique fashion preferences, as well as his hangouts with influential Versace, Gucci, and other brand representatives. Additionally, he frequently posts images of his wife, Deborah.
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