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In the world today
David Fong

David Fong

D. Fong
2.24% | + $51.00M
$2.33 B ₹ 21,155 Cr
Real Time Net Worth #1790 Ranking as of 21 Feb 2026 By Forbes

More on David Fong

Gender

Male

Age

66Y

Country

Singapore

Born On

January, 1960

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Hotel Royal Group

Titles

Managing Director

Sources of Wealth

Hotel Royal Group, Tong Eng Group

Industry

Hospitality, Real Estate

About David Fong


D avid Fong is a Singaporean hotelier and property developer. He is the managing director of the Fong family's hotel business, the Hotel Royal Group, which owns a portfolio of hotels in Singapore, Malaysia, and Thailand. He is also a key executive at his family's property development company, Tong Eng Group.

The family's business was co-founded by his grandfather and his grand-uncle in the 1940s as a trading company before moving into real estate. David, along with his cousins, represents the third generation to lead the family enterprise. He has been instrumental in expanding the family's hospitality footprint, overseeing the development and management of their hotel assets. His wealth is derived from his share of this long-standing and successful family property and hotel empire.

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Quick Reads


  • A Singaporean hotel and property tycoon.
  • Managing Director of the family's Hotel Royal Group.
  • The family also owns the property development firm, Tong Eng Group.
  • He represents the third generation of the founding family.
  • The family's hotel portfolio is located in Singapore, Malaysia, and Thailand.

Early Life and Background


David Fong Man-hung, JP, BBS, is a Hong Kong businessman and the Managing Director of Hip Shing Hong (Holdings) Company Limited, one of Hong Kong's longest-standing property development companies. He is a third-generation member of the founding family, which established its property business in the mid-20th century.

Fong received a global education: he earned an Economics degree from Simon Fraser University in Canada in 1980 and an MBA from The University of Hong Kong two years later. His career began in the family's property business in the United States, where he worked for a decade in San Francisco and the Bay Area. This international experience provided him with crucial insights into modern management practices and data-driven decision-making, which he brought back to Hong Kong to modernize the traditional family firm.

Career Journey of David Fong


David Fong returned to Hip Shing Hong in 1994, partly at his father's request to see what was going on as the Hong Kong handover was approaching. He faced the challenge of adapting to the traditional family business culture while simultaneously pushing for modernized management practices and IT system upgrades.

In 2009, he assumed the role of Managing Director, where he led a major initiative to upgrade the company's 200 properties with new and smart technologies to boost competitiveness. He strategically diversified the portfolio into serviced apartments and hotels and spearheaded the revitalization of industrial buildings into arts quarters (e.g., in Wong Chuk Hang). Fong is noted for his commitment to corporate social responsibility, leasing 10 percent of revitalized office space at concessionary rates to support young artists and start-ups.

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David Fong's Timeline


1980:

Earns an Economics degree from Simon Fraser University in Canada (Academic Achievement).

1994:

Returns to Hong Kong to join Hip Shing Hong (Corporate Entry).

2009:

Assumes the role of Managing Director (Executive Leadership).

Ongoing:

Leads the initiative to upgrade 200 properties with smart technology and diversify into hotels (Strategic Focus).

Ongoing:

Allots 10 percent of office space to support young artists at concessionary rates (Philanthropic Milestone).

Major Business Ventures and Investments


David Fong's wealth is concentrated in his family's controlling ownership of the private property investment and development company, Hip Shing Hong (Holdings) Company Limited.

  • Hip Shing Hong (Managing Director): The core asset, a major Hong Kong property developer specializing in commercial, residential, and hospitality properties.
  • Revitalization Projects: His success is built on upgrading and revitalizing the company's existing portfolio, focusing on smart technologies and modern design.
  • Philanthropic Real Estate: He allocates 10 percent of office space at concessionary rates to support young artists and start-ups.
  • Fong Shu Fook Tong Foundation (Chairman): The primary philanthropic vehicle for the family's charitable giving.

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Philanthropy and Social Impact


David Fong's social impact is structural and civic, focused on urban revitalization and supporting the arts community in Hong Kong. His commitment to offering commercial space at concessionary rates is a direct and structural contribution to the arts and entrepreneurial ecosystem.

He is a major philanthropist for education and medical research, serving as Chairman of the Fong Shu Fook Tong Foundation and supporting the HKBU School of Chinese Medicine. His commitment to integrity and values has earned him national honors, including the Bronze Bauhinia Star by the HKSAR Government.

Fashion, Style, and Lifestyle


David Fong maintains the highly professional, refined style of a Canadian-educated Hong Kong executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects a blend of traditional values and modern, data-driven management.

His luxury is the immense security and financial power derived from his family's property empire. His life is defined by the stewardship of this long-standing legacy and his passion for leveraging real estate for civic and artistic benefit.

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Quotes and Philosophy


“It is important to learn from the past before putting new ideas into practice.”

“The greatest value is when the projects you champion can directly benefit society.”

Fun Facts & Trivia


  • He worked in the family's property business in the United States for a decade.
  • His company, Hip Shing Hong, is one of Hong Kong's longest-standing property developers.
  • He led the initiative to upgrade 200 properties with smart technologies.
  • He allocates 10 percent of office space in revitalized buildings to young artists and start-ups at concessionary rates.
  • He holds a degree in Economics from Simon Fraser University in Canada.
  • He received the Bronze Bauhinia Star by the HKSAR Government.
  • His family's foundation supports Chinese medicine research.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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