Larry Yung
Diversified

Larry Yung Net Worth

Larry Yung was born on January 31, 1942 in China and is a member of the prestigious Yung family. He has a long history of involvement in the real estate and mining industries, and has been a major player in the Chinese business world for many years.
Larry Yung is a member of Diversified

Age, Biography and Wiki

Birth Day January 31, 1942
Birth Place China
Age 82 YEARS OLD
Birth Sign Aquarius
Native name 榮智健
Occupation Former chairman of CITIC Pacific
Traditional Chinese 榮智健
Simplified Chinese 荣智健
TranscriptionsStandard MandarinHanyu PinyinYue: CantoneseJyutping Transcriptions Standard Mandarin Hanyu Pinyin Róng Zhìjiàn Yue: Cantonese Jyutping Yung4 Chi3 Kin6 Róng ZhìjiànYung4 Chi3 Kin6
Hanyu Pinyin Róng Zhìjiàn
Jyutping Yung4 Chi3 Kin6

💰 Net worth: $850 Million (2024)

Larry Yung, widely recognized as Diversified in China, is a prominent figure whose net worth is projected to reach an astounding $850 million by 2024. As a highly successful businessman and entrepreneur, Yung has made significant strides in various industries, showcasing his ability to diversify his investments effectively. His wealth primarily stems from his ventures in sectors such as real estate, technology, and manufacturing. Known for his sharp business acumen and strategic decision-making, Yung has consistently demonstrated an unparalleled understanding of the Chinese market, allowing him to accumulate substantial wealth over the years.

2011 $1.1 Billion
2012 $1.1 Billion
2013 $1 Billion
2018 $1 Billion

Biography/Timeline

1948

Yung was born in Shanghai to businessman Rong Yiren, who later became the vice President of China during the 1990s. He graduated from Shanghai Nanyang Model High School in 1959 and went on to Tianjin University, where he majored in electronic engineering. Yung's uncle, Paul, elder brother of Yiren, died with 34 others in Hong Kong's worst air disaster on Basalt Island on 21 December 1948.

1966

When the Cultural Revolution started, because of his capitalist background, Rong Yiren was exiled to Liangshan, in Sichuan, in 1966. After the turbulent years, he became associated with Deng Xiaoping and was later appointed Vice-President of the People's Republic of China. His family's ties to the Communist Party of China earned him the nickname "the Red Capitalist." With the support of the Chinese government and its capital, son Larry moved to Hong Kong and started businesses with the Chinese government as major shareholder, becoming wealthy in the process.

2007

In 2007, Yung was reported to have joined the ranks of real estate speculators in Shanghai with an investment of more than one billion RMB. In 2009, having left CITIC, he established Yung's Enterprise Holdings to pursue this line of Business.

2009

In 1990, Yung became chairman of CITIC Pacific, an arm of his father's company CITIC Group. He continued his work at the company until the Foreign exchange losses controversy led to his resignation on 8 April 2009.

Some Larry Yung images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.