Stephen Hung facts for kids
Quick facts for kids
Stephen Hung
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| 洪永時 | |
Hung and wife in 2016
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| Born | 1959 (age 65–66) |
| Alma mater | Columbia University University of Southern California |
| Occupation | Businessman |
| Spouse(s) | Deborah Valdez Hung |
Stephen Hung (born in 1959) is a Hong Kong businessman. This means he is involved in starting and running businesses. He used to be a leader for a company called The 13 Holdings Limited. He is also the head of The Taipan Investment Group and a vice-chairman for Rio Entertainment Group, which runs a hotel and casino in Macau.
About Stephen Hung's Career
Stephen Hung studied at two well-known universities: Columbia University and the University of Southern California. There, he earned a special degree called a master's degree in business administration. This degree helps people learn how to manage and lead businesses.
His Business Projects
After finishing his studies, Stephen Hung started his own company that invests money in different businesses. He also worked as a leader for other companies like eSun Holdings and AcrossAsia Limited.
In 2013, he began working on a very fancy hotel and casino project in Macau. He first named it Louis XIII. By 2017, the building was finished and renamed 'The 13'. However, the project faced money problems because it hadn't opened yet and didn't have the special permission needed to run a casino.
The company behind this project, 13 Holdings Limited, had hoped to attract very rich people and important business leaders from China. But in 2014, the leader of China, Xi Jinping, visited Macau. He made it clear that his government did not like such overly fancy and expensive projects. This made it much harder for 'The 13' project to succeed. Because of these challenges, the company had to sell a large part of its engineering business.
His Family
Stephen Hung's parents worked as agents who helped people buy and sell properties.
