China $9.2 Billion Hotpot Haidilao Billionaire Co-Founder Sean Shi Yonghong with $2 Billion Fortune Family Buys Singapore 37,000 Sq Ft Good Class Bungalow (GCB) at Victoria Park Close (Cluny Hill) for $66 Million (S$85 Million) in 2025 from Singapore Famous Orchard TANGS Department Store Founder CK Tang Family 2nd Generation Tang Wee Kit, Bungalow is Next to Sean Shi Yonghong Existing Bungalow Bought for $35 Million (S$50 Million) in 2022 from Lee Kuan Yew Daughter Lee Wei Ling (Died in 2024), Haidilao Founded in 1994 by Husband & Wife Sean Shi Yonghong & Hailey Li Haiyan and Husband & Wife Zhang Yong & Shu Ping
22nd May 2026 | Hong Kong
China hotpot Haidilao ($9.2 billion market value) billionaire co-founder Sean Shi Yonghong with $2 billion fortune family has bought Singapore 37,000 sq ft Good Class Bungalow (GCB) at Victoria Park Close (Cluny Hill) for $66 million (S$85 million) in 2025 from Singapore famous Orchard TANGS department store founder CK Tang family 2nd generation Tang Wee Kit. In 2022, Sean Shi Yonghong bought a 18,000 square feet bungalow in Singapore for $35 million (S$50 million) from Lee Wei Ling (daughter of Singapore former Prime Minister Lee Kuan Yew). The bungalow is at Cluny Hill, near Singapore Heritage site Botanic Garden, with the transaction taking place on 6th Sept 2022. Haidilao was founded in 1994 by Sean Shi Yonghong & Hailey Li Haiyan and husband & wife Zhang Yong & Shu Ping. The family fo rtune of Zhang Yong and Shu-Ping (wife) is estimated to be around $9 billion and is one of Singapore’s richest family. The family have became Singapore’s citizens and in 2019, have setup their family office Sunrise Capital Management in Singapore to manage their family assets. In 2021, Zhang Hanzhi, who is the son of billionaires and founders of Haidilao Zhang Yong (father) and Shu-Ping (mother) and in his early 20s, bought a $42 million bungalow in Singapore at Gallop Road. The bungalow is located beside his parents’ bungalow, which both are near Singapore’s botanic garden, a UNESCO World Heritage Site. In 2024 October, Singapore famous Orchard TANGS department store founder CK Tang family 2nd generation Tang Wee Kit reduced the selling price for his Singapore Victoria Park bungalow near UNESCO World Heritage Botanic Garden to $55 million from $61 million. In 2024 June, Tang Wee Kit has listed the Singapore Victoria Park bungalow near UNESCO World Heritage Botanic Garden for sale at $61 million. TANGS (CK Tang) was founded by businessman Tang Choo Keng (1901 to 2000) in 1932, and bought a Orchard Road land in 1958 (S$10,000) opposite a Chinese cemetery (Tai San Ting Cemetery). He constructed the CK Tang Department Store (S$50,000) and transformed Orchard Road into Singapore famous shopping district. In 1982, the CK Tang building was reconstructed to create a new Tangs shopping complex (now Tangs Plaza) and Dynasty Hotel (now Singapore Marriott). The late Tang Choo Keng has 8 children with 1st wife who died in 1981 (Children includes Tang Wee Sung, Tang Wee Kit & Tang Wee Cheng), and subsequently remarried. In 1960, Tang Choo Keng was kidnapped and released after 3 days (family reported to have paid S$150,000 ransom). Value of money comparison – Tang Choo Keng had bought a Orchard Road land in 1958 for S$10,000, and constructed the CK Tang Department Store for S$50,000.
“ China $9.2 Billion Hotpot Haidilao Billionaire Co-Founder Sean Shi Yonghong with $2 Billion Fortune family Buys Singapore 37,000 Sq Ft Good Class Bungalow (GCB) at Victoria Park Close (Cluny Hill) for $66 Million (S$85 Million) in 2025 from Singapore Famous Orchard TANGS Department Store Founder CK Tang Family 2nd Generation Tang Wee Kit, Bungalow is Next to Sean Shi Yonghong Existing Bungalow Bought for $35 Million (S$50 Million) in 2022 from Lee Kuan Yew Daughter Lee Wei Ling (Died in 2024), Haidilao Founded in 1994 by Husband & Wife Sean Shi Yonghong & Hailey Li Haiyan and Husband & Wife Zhang Yong & Shu Ping “
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Haidilao Billionaire Co-Founder & 2nd Largest Shareholder Shi Yonghong Buys $35 Million Bungalow in Singapore from Lee Kuan Yew Daughter Lee Wei Ling
22nd September 2022 – Popular spicy hotpot restaurant Haidilao billionaire co-founder & 2nd largest shareholder Shi Yonghong (estimated fortune of $3.7 billion), has bought a $35 million (S$50 million) 18,000 square feet bungalow in Singapore from Lee Wei Ling (daughter of Singapore former Prime Minister Lee Kuan Yew). The bungalow is at Cluny Hill, near Singapore Heritage site Botanic Garden, with the transaction taking place on 6th Sept 2022. Shi Yonghong had co-founded Haidilao in 1994 with his friend, Zhang Yong. The family fortune of Zhang Yong and Shu-Ping (wife) is estimated to be around $9 billion and is one of Singapore’s richest family. The family have became Singapore’s citizens and in 2019, have setup their family office Sunrise Capital Management in Singapore to manage their family assets. In 2021, Zhang Hanzhi, who is the son of billionaires and founders of Haidilao Zhang Yong (father) and Shu-Ping (mother) and in his early 20s, bought a $42 million bungalow in Singapore at Gallop Road. The bungalow is located beside his parents’ bungalow, which both are near Singapore’s botanic garden, a UNESCO World Heritage Site.
Haidilao Hot Pot
Haidilao Hot Pot Restaurant was founded in 1994 by Zhang Yong, Shu-Ping (his wife) and 2 other co-founders (Shi Yonghong, Li Haiyan) in China (Jianyang, Sichuan Province) with their personal savings. The restaurant grew in China and in 2012, Haidilao opened its first overseas restaurant in Singapore at the popular clubbing and tourist destination Clark Quay. In 2013, the restaurant opened its first restaurant in United States (Los Angeles).
In 2016, Haldilao’s manufacturing and condiment business, Yihai International became listed on the Hong Kong Stock Exchange and in 2018, Haidilao became listed on the Hong Kong Stock Exchange.
Haidilao is known for its spicy Sichuan hotpot and attentive customer service. Today, Haidilao have around 800 restaurants worldwide with over 54 million members and more than 100,000 employees. In 2019, the group reported revenue of $4.09 billion and net profit of $360 million.
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