Hong Kong Chow Tai Fook Billionaire Family with $30 Billion Fortune 3rd Generation Adrian Cheng (Age 46) ALMAD Group & UAE Wafi Group Form Partnership Including Creating 1) New Entity Wafi Anime 11, 2) Supporting Dubai Growth as Global Cultural, Commercial & Lifestyle Hub with K11 by AC to Wafi City, 3) Dubai as Innovative Gateway to China & International Brands to Enter into Middle East with China Brands Including ZBR Bronze, Master Zhu Bingren & ChaPanda, Wafi Group Founded by Chairman H.H. Sheikh Mana bin Khalifa Al Maktoum
12th December | Hong Kong
Hong Kong Chow Tai Fook billionaire family with $30 billion fortune 3rd generation Adrian Cheng (Age 46) ALMAD Group & UAE Wafi Group have formed a partnership including creating 1) New entity Wafi Anime 11, 2) Supporting Dubai growth as global cultural, commercial & lifestyle hub with K11 by AC to Wafi City, 3) Dubai as innovative gateway to China & international brands to enter into Middle East with China brands including ZBR Bronze, Master Zhu Bingren & ChaPanda. Wafi Group was founded by Chairman H.H. Sheikh Mana bin Khalifa Al Maktoum. In 2025 October, Adrian Cheng invested in London multi-asset online broker CBCX. In 2025 September, Adrian Cheng Chi-kong (Age 45) announced the launch (21/9/25) of a new conglomerate ALMAD Group with 3 businesses – 1) Investing in transformative industries (Culture, Entertainment, Sports, Media, Healthcare, Commercial Management & Cultural Tourism), 2) Digital & virtual assets & 3) K11 by AC cultural ecosystem with target regions including Mainland China, ASEAN & Middle East. ALMAD Group (21/9/25): “ALMAD Group officially launched today, dedicated to harnessing tomorrow’s opportunities across nine transformative paradigms. Founded by renowned entrepreneur Adrian Cheng, the group’s forward-looking portfolio strategically focuses on the digital space and emerging markets, including Mainland China, ASEAN countries, the Middle East and beyond.” ALMAD Group Founder & Executive Chairman, Adrian Cheng: “My mission is clear: to build a movement that fulfils what the next generation needs.” ALMAD Group – ALMAD Group (“the group”) is dedicated to harnessing tomorrow’s opportunities across nine transformative paradigms. Founded by Dr. Adrian Cheng, the group’s forward-looking portfolio strategically focuses on the digital space and emerging markets, including Mainland China, ASEAN countries, the Middle East and beyond, along the following three directions: 1) Investing in the transformative industries of culture, entertainment, sports, media, healthcare, commercial management and cultural tourism in selected emerging markets. 2) Breaking boundaries in digital and virtual assets, with a forward-looking strategy to explore investments in new possibilities. 3) Globalizing K11 by AC cultural ecosystem with new cultural commerce opportunities across regions in visionary retail, experiential innovation and more. Dr. Adrian Cheng, Founder and Executive Chairman, ALMAD Group – Dr. Adrian Cheng is a visionary business leader and cultural entrepreneur, serving as Founder and Executive Chairman of ALMAD Group, Founder and Executive Chairman of K11 by AC, and Founder of K11. Dr. Cheng has led a journey of business innovation with remarkable track records across industries. Founding K11 in 2008, he pioneered the world’s first cultural commerce model that seamlessly integrates art, design, and retail. He also stands at the forefront of innovation by providing early-stage funding to empower tech and start-ups, helping them design novel solutions and achieve commercial success. As a community leader, Dr. Cheng is committed to Creating Shared Value with society and founded The WEMP Foundation, which supports children’s mental well-being. Widely recognized for his multi-sectoral leadership, Dr. Cheng has been appointed to influential public positions in Hong Kong and beyond. Adrian Cheng K11 by AC – Dr. Adrian Cheng is a visionary business leader and cultural entrepreneur, serving as Founder and Executive Chairman of K11 by AC, and Founder of K11. A Harvard graduate, Dr. Cheng launched K11 in 2008 and pioneered the cultural commerce model, seamlessly integrating art, design, and retail. Under his leadership, K11 has delivered transformative projects such as Victoria Dockside — a US$2.6 billion global art and cultural district on Hong Kong’s Tsim Sha Tsui harbourfront featuring K11 MUSEA and other landmarks. Dr. Cheng’s cultural commerce ecosystem has continued to expand with strategic plans to extend its footprint across China, Asia, and beyond in cultural retail, experiential innovation and more. In 2025 September, Hong Kong Chow Tai Fook billionaire Henry Cheng with $28 billion fortune son & heir Adrian Cheng (Age 45) resigned as Director from their family office (Chow Tai Fook Enterprises, CTFE), and Adrian Cheng’s wife Jennifer Yu Cheng had stepped down as President & Deputy Vice-Chairwoman of CTF Education Group at the end of 2024/2025 academic year but remains on the board. In 2025 July, Adrian Cheng resigned as Vice-Chairman & Board Director (1/7/25) of New World Development ($1.8 billion market value), which also announced the completion $11.2 billion (HKD 88.2 billion) loan refinancing with banks (30/6/25). In 2024 September, Adrian Cheng resigned as New World Development Company CEO.
“ Hong Kong Chow Tai Fook Billionaire Family with $30 Billion Fortune 3rd Generation Adrian Cheng (Age 46) ALMAD Group & UAE Wafi Group Form Partnership Including Creating 1) New Entity Wafi Anime 11, 2) Supporting Dubai Growth as Global Cultural, Commercial & Lifestyle Hub with K11 by AC to Wafi City, 3) Dubai as Innovative Gateway to China & International Brands to Enter into Middle East with China Brands Including ZBR Bronze, Master Zhu Bingren & ChaPanda, Wafi Group Founded by Chairman H.H. Sheikh Mana bin Khalifa Al Maktoum “
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Hong Kong Chow Tai Fook Billionaire Family with $30 Billion Fortune 3rd Generation & ALMAD Group Founder Adrian Cheng Chi-kong (Age 45) Invests in London Multi-Asset Online Broker CBCX
1st November – Hong Kong Chow Tai Fook billionaire family with $30 billion fortune 3rd generation Adrian Cheng Chi-kong (Age 45) has invested in London multi-asset online broker CBCX. CBCX – Dual excellence at CBCX: Experience inter-bank-class pricing and execution as a trader, and trust in our institutional liquidity services for brokers, hedge funds and banks. Established in 2011, the CBCX Group stands as an award-winning multi-asset online broker in the dynamic world of online trading. With a headquarter in London, UK and offices in South Africa and Singapore, our reputation shines globally through regulated subsidiaries in the industry’s most prestigious jurisdictions. CBCX has paved the way by offering swift and transparent access to a diverse portfolio of markets, including Forex, precious metals, commodities, indices, futures and more. Our commitment is underpinned by advanced trading technologies, access to top-tier liquidity and expert liquidity management, which ensures the optimal order execution. Driven by our relentless pursuit of excellence, we resonate with the determination and aspirations of our worldwide clientele. Traders across the world trust CBCX for its superior technology, competitive spreads, and support in over 20 languages. Whether you’re an individual or corporate client, our blend of experience, cutting-edge platforms, and resources are tailored to help you navigate the financial markets and achieve your investment aspirations. In 2025 September, Adrian Cheng Chi-kong (Age 45) announced the launch (21/9/25) of a new conglomerate ALMAD Group with 3 businesses – 1) Investing in transformative industries (Culture, Entertainment, Sports, Media, Healthcare, Commercial Management & Cultural Tourism), 2) Digital & virtual assets & 3) K11 by AC cultural ecosystem with target regions including Mainland China, ASEAN & Middle East. ALMAD Group (21/9/25): “ALMAD Group officially launched today, dedicated to harnessing tomorrow’s opportunities across nine transformative paradigms. Founded by renowned entrepreneur Adrian Cheng, the group’s forward-looking portfolio strategically focuses on the digital space and emerging markets, including Mainland China, ASEAN countries, the Middle East and beyond.” ALMAD Group Founder & Executive Chairman, Adrian Cheng: “My mission is clear: to build a movement that fulfils what the next generation needs.” ALMAD Group – ALMAD Group (“the group”) is dedicated to harnessing tomorrow’s opportunities across nine transformative paradigms. Founded by Dr. Adrian Cheng, the group’s forward-looking portfolio strategically focuses on the digital space and emerging markets, including Mainland China, ASEAN countries, the Middle East and beyond, along the following three directions: 1) Investing in the transformative industries of culture, entertainment, sports, media, healthcare, commercial management and cultural tourism in selected emerging markets. 2) Breaking boundaries in digital and virtual assets, with a forward-looking strategy to explore investments in new possibilities. 3) Globalizing K11 by AC cultural ecosystem with new cultural commerce opportunities across regions in visionary retail, experiential innovation and more. Dr. Adrian Cheng, Founder and Executive Chairman, ALMAD Group – Dr. Adrian Cheng is a visionary business leader and cultural entrepreneur, serving as Founder and Executive Chairman of ALMAD Group, Founder and Executive Chairman of K11 by AC, and Founder of K11. Dr. Cheng has led a journey of business innovation with remarkable track records across industries. Founding K11 in 2008, he pioneered the world’s first cultural commerce model that seamlessly integrates art, design, and retail. He also stands at the forefront of innovation by providing early-stage funding to empower tech and start-ups, helping them design novel solutions and achieve commercial success. As a community leader, Dr. Cheng is committed to Creating Shared Value with society and founded The WEMP Foundation, which supports children’s mental well-being. Widely recognized for his multi-sectoral leadership, Dr. Cheng has been appointed to influential public positions in Hong Kong and beyond. Adrian Cheng K11 by AC – Dr. Adrian Cheng is a visionary business leader and cultural entrepreneur, serving as Founder and Executive Chairman of K11 by AC, and Founder of K11. A Harvard graduate, Dr. Cheng launched K11 in 2008 and pioneered the cultural commerce model, seamlessly integrating art, design, and retail. Under his leadership, K11 has delivered transformative projects such as Victoria Dockside — a US$2.6 billion global art and cultural district on Hong Kong’s Tsim Sha Tsui harbourfront featuring K11 MUSEA and other landmarks. Dr. Cheng’s cultural commerce ecosystem has continued to expand with strategic plans to extend its footprint across China, Asia, and beyond in cultural retail, experiential innovation and more. In 2025 September, Hong Kong Chow Tai Fook billionaire Henry Cheng with $28 billion fortune son & heir Adrian Cheng (Age 45) resigned as Director from their family office (Chow Tai Fook Enterprises, CTFE), and Adrian Cheng’s wife Jennifer Yu Cheng had stepped down as President & Deputy Vice-Chairwoman of CTF Education Group at the end of 2024/2025 academic year but remains on the board. In 2025 July, Adrian Cheng resigned as Vice-Chairman & Board Director (1/7/25) of New World Development ($1.8 billion market value), which also announced the completion $11.2 billion (HKD 88.2 billion) loan refinancing with banks (30/6/25). In 2024 September, Adrian Cheng resigned as New World Development Company CEO.
Hong Kong Chow Tai Fook Billionaire Family with $30 Billion Fortune 3rd Generation Adrian Cheng Chi-kong (Age 45) Launches New Conglomerate ALMAD Group with 3 Businesses – 1) Investing in Transformative Industries (Culture, Entertainment, Sports, Media, Healthcare, Commercial Management & Cultural Tourism), 2) Digital & Virtual Assets & 3) K11 by AC Cultural Ecosystem, Target Regions Include Mainland China, ASEAN & Middle East
21st September – Hong Kong Chow Tai Fook billionaire family with $30 billion fortune 3rd generation Adrian Cheng Chi-kong (Age 45) has announced the launch (21/9/25) of a new conglomerate ALMAD Group with 3 businesses – 1) Investing in transformative industries (Culture, Entertainment, Sports, Media, Healthcare, Commercial Management & Cultural Tourism), 2) Digital & virtual assets & 3) K11 by AC cultural ecosystem with target regions including Mainland China, ASEAN & Middle East. ALMAD Group (21/9/25): “ALMAD Group officially launched today, dedicated to harnessing tomorrow’s opportunities across nine transformative paradigms. Founded by renowned entrepreneur Adrian Cheng, the group’s forward-looking portfolio strategically focuses on the digital space and emerging markets, including Mainland China, ASEAN countries, the Middle East and beyond.” ALMAD Group Founder & Executive Chairman, Adrian Cheng: “My mission is clear: to build a movement that fulfils what the next generation needs.” ALMAD Group – ALMAD Group (“the group”) is dedicated to harnessing tomorrow’s opportunities across nine transformative paradigms. Founded by Dr. Adrian Cheng, the group’s forward-looking portfolio strategically focuses on the digital space and emerging markets, including Mainland China, ASEAN countries, the Middle East and beyond, along the following three directions: 1) Investing in the transformative industries of culture, entertainment, sports, media, healthcare, commercial management and cultural tourism in selected emerging markets. 2) Breaking boundaries in digital and virtual assets, with a forward-looking strategy to explore investments in new possibilities. 3) Globalizing K11 by AC cultural ecosystem with new cultural commerce opportunities across regions in visionary retail, experiential innovation and more. Dr. Adrian Cheng, Founder and Executive Chairman, ALMAD Group – Dr. Adrian Cheng is a visionary business leader and cultural entrepreneur, serving as Founder and Executive Chairman of ALMAD Group, Founder and Executive Chairman of K11 by AC, and Founder of K11. Dr. Cheng has led a journey of business innovation with remarkable track records across industries. Founding K11 in 2008, he pioneered the world’s first cultural commerce model that seamlessly integrates art, design, and retail. He also stands at the forefront of innovation by providing early-stage funding to empower tech and start-ups, helping them design novel solutions and achieve commercial success. As a community leader, Dr. Cheng is committed to Creating Shared Value with society and founded The WEMP Foundation, which supports children’s mental well-being. Widely recognized for his multi-sectoral leadership, Dr. Cheng has been appointed to influential public positions in Hong Kong and beyond. Adrian Cheng K11 by AC – Dr. Adrian Cheng is a visionary business leader and cultural entrepreneur, serving as Founder and Executive Chairman of K11 by AC, and Founder of K11. A Harvard graduate, Dr. Cheng launched K11 in 2008 and pioneered the cultural commerce model, seamlessly integrating art, design, and retail. Under his leadership, K11 has delivered transformative projects such as Victoria Dockside — a US$2.6 billion global art and cultural district on Hong Kong’s Tsim Sha Tsui harbourfront featuring K11 MUSEA and other landmarks. Dr. Cheng’s cultural commerce ecosystem has continued to expand with strategic plans to extend its footprint across China, Asia, and beyond in cultural retail, experiential innovation and more. In 2025 September, Hong Kong Chow Tai Fook billionaire Henry Cheng with $28 billion fortune son & heir Adrian Cheng (Age 45) resigned as Director from their family office (Chow Tai Fook Enterprises, CTFE), and Adrian Cheng’s wife Jennifer Yu Cheng had stepped down as President & Deputy Vice-Chairwoman of CTF Education Group at the end of 2024/2025 academic year but remains on the board. In 2025 July, Adrian Cheng resigned as Vice-Chairman & Board Director (1/7/25) of New World Development ($1.8 billion market value), which also announced the completion $11.2 billion (HKD 88.2 billion) loan refinancing with banks (30/6/25). In 2024 September, Adrian Cheng resigned as New World Development Company CEO.
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