Larry Yung
Chinese businessman
Nº Q6491333 ★★★★
Super Rare · People
Larry Yung
Chinese businessman
Larry Yung Chi-kin or Rong Zhijian (Chinese: 榮智健; born 31 January 1942) is a Chinese businessman and the former chairman of CITIC Pacific, a Hong Kong–based conglomerate. According to Hurun Report, he was one of the wealthiest people in mainland China, with a personal net worth of US$2.9 billion as of 2013.[1] He was in charge of CITIC Pacific when it made its first major loss in 20 years, $2 billion, due to speculation in FX accumulators.
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From Wikipedia
Larry Yung Chi-kin or Rong Zhijian (Chinese: 榮智健; born 31 January 1942) is a Chinese businessman and the former chairman of CITIC Pacific, a Hong Kong–based conglomerate. According to Hurun Report, he was one of the wealthiest people in mainland China, with a personal net worth of US$2.9 billion as of 2013.[1] He was in charge of CITIC Pacific when it made its first major loss in 20 years, $2 billion, due to speculation in FX accumulators. This exposed the lack of internal management controls, which subsequently resulted in a temporary suspension of CITIC Pacific shares on the Hong Kong Stock Exchange and police raids at CITIC.[2]
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