Albert Yeung
| Albert Yeung | |
|---|---|
| Born |
Yeung Sau Shing 1943 (age 73–74) Chaozhou, Guangdong, China |
| Occupation | Entrepreneur |
| Years active | 1964–present |
| Children | 5 |
Albert Yeung (Chinese: 楊受成; born Yeung Sau Shing; 1943), is a Hong Kong business magnate. He is now the Chairman of Emperor Group.
Albert Yeung was born in Hong Kong in 1943 and traces his root to Teochew (Chaozhou), Guangdong, China. His father, Mr Yeung Shing, opened a watch shop named "Shing On Kee Watch Shop" in 1942, setting the business foundation. In the 1960s his father lent him 200,000 yuan to start his watch business. In 1964, he opened his own watch shop, "Observatory Watch & Jewelery" on Nathan Road, Kowloon.
Two years after he opened his first shop, he obtained the distribution rights of Rolex and Omega watches and expanded his business to jewellery in 1966 and later on to other ventures. He was soon successful and became known as the "King of clocks and watches" (鐘錶大王).
Yeung is the founder and chairman of the Emperor Group, a diversified group of listed companies that includes financial services, property, watch and jewellery, entertainment and films, hospitality, publishing and printing, furniture as well as catering.
Yeung has two sons and three daughters. His two sons and two eldest daughters are also involved in business.
Yeung was the Charter President of "Lion Club of South Kowloon" in 1976. In 2008, Yeung set up "Albert Yeung Sau Shing Charity Foundation", which is dedicated to supporting non-profit sports, educational and cultural activities.
Yeung donated nearly 20 million dollars after the earthquake hit Sichuan in May 2008. To recognise Beijing Olympic gold medalists' contributions to sports development in China, he also awarded 12.6 million dollars to the 63 athletes.
The Jackie Chan and Albert Yeung Charity Foundation, founded by Chan and Yeung, donated RMB 10 million dollars to the Ministry of Civil Affairs of the PRC as a special fund to support the relief efforts after the earthquake in Wenchuan County, Sichuan Province in May 2008.
In addition to setting up "Emperor Foundation Scholarship" for seven tertiary institutions in Hong Kong, Yeung has made donations to education funds in China, including the "Ministry of Justice, PRC Education Fund", the "China University of Political Science and Law – C.U.P.L. Mr Albert Yeung Education Fund", the "Peking University Education Foundation" and "Xiamen Education Fund" for students with top academic achievements or underprivileged background. He also invested and donated RMB 30 million to establish "Shanghai Institute of Visual Art, Fudan University – The Emperor School of Performing Arts" to cultivate new talents in China.
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