Age, Biography and Wiki
Larry Yung was born on 31 January, 1942 in Shanghai, is a Chinese businessman. Discover Larry Yung's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 82 years old?
| Popular As |
N/A |
| Occupation |
Former chairman of CITIC Pacific |
| Age |
82 years old |
| Zodiac Sign |
Aquarius |
| Born |
31 January 1942 |
| Birthday |
31 January |
| Birthplace |
Shanghai |
| Nationality |
China
|
We recommend you to check the complete list of Famous People born on 31 January.
He is a member of famous Former with the age 82 years old group.
Larry Yung Height, Weight & Measurements
At 82 years old, Larry Yung height not available right now. We will update Larry Yung's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Who Is Larry Yung's Wife?
His wife is Catherine Yung
| Family |
| Parents |
Rong Yiren Yang Jianqing |
| Wife |
Catherine Yung |
| Sibling |
Not Available |
| Children |
3 |
Larry Yung Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Larry Yung worth at the age of 82 years old? Larry Yung’s income source is mostly from being a successful Former. He is from China. We have estimated Larry Yung's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Former |
Larry Yung Social Network
| Instagram |
|
| Linkedin |
|
| Twitter |
|
| Facebook |
|
| Wikipedia |
|
| Imdb |
|
Timeline
Larry Yung Chi-kin or Rong Zhijian (born 31 January 1942) is a Chinese businessman and the former chairman of CITIC Pacific, a Hong Kong-based conglomerate.
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.
He graduated from Shanghai Nanyang Model High School in 1959 and went on to Tianjin University, where he majored in electronic engineering.
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 Chinese Communist Party 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.
Yung was born in Shanghai to businessman Rong Yiren, who later became the vice president of China during the 1990s.
In 1990, Yung became chairman of CITIC Pacific, an arm of his father's company CITIC Group.
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.
He continued his work at the company until the Foreign exchange losses controversy led to his resignation on 8 April 2009.
In 2009, having left CITIC, he established Yung's Enterprise Holdings to pursue this line of business.
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..
He was in charge of CITIC Pacific when it made its first major loss in 20 years, US$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.
