Adrian Cheng#Personal life

Cheng was born to Katherine Ip and Henry Cheng in 1979. He has two younger siblings, Sonia Cheng and Brian Cheng.{{Cite web |url=https://www.cnbc.com/sonia-cheng-the-rosewood-ceo-on-her-family-and-her-hong-kong-hotel/ |title=Sonia Cheng: The Rosewood CEO on her family and her Hong Kong hotel |last=Handley |first=Lucy |date=5 July 2019 |publisher=CNBC |access-date=6 March 2020}}

Cheng attended Taft School in Connecticut{{Cite web |title=Adrian Chi-Kong Cheng {{!}} #BoF500|work=The Business of Fashion|url=http://www.businessoffashion.com/community/people/adrian-chi-kong-cheng|access-date = 30 September 2015}} and graduated from Harvard University with a Bachelor of Arts (Cum Laude) honours degree.{{cite web |last1=Sito |first1=Peggy |title=New World's Harvard-educated scion upends Hong Kong developers' 'build and sell' business model as city sits at crossroads |url=https://www.scmp.com/business/companies/article/3109741/new-worlds-harvard-educated-scion-upends-his-grandfathers-build |work=South China Morning Post |date=14 November 2020}}

He received an honorary Doctorate from the Savannah College of Art and Design (SCAD) and Honorary Fellowships from Lingnan University,{{cite web |title=Adrian Cheng profile |url=https://www.ctfeducation.com/about-us/leadership-team/dr-adrian-cheng-chi-kong-jp/ |publisher=CTF Education Group}} The University of Hong Kong{{cite web |title=HKU presents Honorary University Fellowships to five distinguished individuals |url=https://www4.hku.hk/honfellows/press-releases/20220922 |publisher=The University of Hong Kong}} and Hong Kong University of Science and Technology (HKUST).{{cite web |date=9 September 2023 |title=HKUST Confers Honorary Fellowships on Six Distinguished Individuals SUBSCRIBE SEARCH HKUST Confers Honorary Fellowships on Six Distinguished Individuals |url=https://hkust.edu.hk/news/recognition/hkust-confers-honorary-fellowships-six-distinguished-individuals |publisher=Hong Kong University of Science and Technology}} He is now serving as Member of Dean’s Council in Harvard Kennedy School.{{cite web |title=Members of the Dean's Council |url=https://www.hks.harvard.edu/more/about/transparent-engagement-and-funding/advisory-councils/deans-council#members |publisher=Harvard Kennedy School}}

Early in his career, Cheng was a banker at Goldman Sachs and UBS. In 2002, Cheng left UBS AG to join his family's business Chow Tai Fook Holdings.{{Cite web |title=Adrian Cheng moves up after K11 artistry |url=http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=154796&sid=43996793&con_type=1&d_str=20150303&fc=2 |url-status=dead |archive-url=https://web.archive.org/web/20150908231034/http://www.thestandard.com.hk/news_detail.asp?we_cat=11 |archive-date=8 September 2015 |access-date=30 September 2015 |website=The Standard |location=Hong Kong}} In 2002, he became executive director of the listed Chow Tai Fook Jewelry Group.{{Cite web |last=Frew McMillan |first=Alex |date=25 October 2011 |title=Still in Control, Hong Kong Property Tycoons Face a Younger Generation |url=https://www.cnbc.com/2011/10/24/still-in-control-hong-kong-property-tycoons-face-a-younger-generation.html |access-date=30 September 2015 |publisher=CNBC}}

In March 2007, Cheng became executive director and a board member at New World Development. In 2012, he became joint general manager of New World Development and was also recognised by the World Economic Forum in the same year as a Young Global Leader.{{cite web |last1=Shakirah Mohd Muslimin |first1=Anis |title=Asia's Richest Families 2017: The Next Generation Of Wealthy Business Dynasties |url=https://www.forbes.com/sites/anismuslimin/2017/11/14/asias-richest-families-2017-the-next-generation-of-wealthy-business-dynasties/ |work=Forbes |date=14 November 2017}}{{Cite news |last=Harris |first=Gareth |date=24 October 2014 |title=Arts interview: Adrian Cheng |newspaper=Financial Times |url=http://www.ft.com/cms/s/0/f5dc36ee-5851-11e4-a31b-00144feab7de.html |access-date=17 May 2016 |issn=0307-1766}} He later became executive vice-chairman of NWD in 2015.{{Cite web |url=http://www.nwd.com.hk/content/adrian-cheng-promoted-nwd-executive-vice-chairman |title=Home {{!}} New World Development Company Limited Official Website|website=www.nwd.com.hk|access-date=17 May 2016}}

In 2008, Cheng founded K11. It merges art and commerce, a concept which has been referred to as "cultural commerce."{{cite web |last=Karimzadeh |first=Marc |title=How Adrian Cheng Pioneers a New Philanthropy for Hong Kong |url=https://www.townandcountrymag.com/society/money-and-power/a40979252/adrian-cheng-interview-philanthropy-hong-kong-2022/ |publisher=Town & Country magazine |date=31 August 2022 |access-date=26 September 2024}}{{Cite web |title=Adrian Cheng |url=https://www.tatlerasia.com/people/adrian-cheng |access-date=9 January 2023 |website=Tatler Asia |language=en}} Cheng's first K11 cultural-retail mall opened in Tsim Sha Tsui, Hong Kong in 2009. It later opened a branch in Shanghai. Since then, other branches have been opened in Guangzhou, Hong Kong, Shanghai, Shenyang, and Wuhan. He founded the K11 Art Foundation (KAF) in 2010, which focuses on promoting and supporting Chinese artists and their works.{{Cite web |title=The Foundation – K11 Art Foundation |url=http://www.k11artfoundation.org/en/about-us/ |access-date=9 September 2015}} He initiated collaborations between internationally recognised museums and art institutions such as Palais de Tokyo in Paris,{{Cite web |url=https://news.artnet.com/art-world/k11-art-foundations-chinese-french-connection-at-fiac-143086 |title=K11 Art Foundation's Chinese-French Connection at FIAC |website=artnet News |date=23 October 2014 |language=en-US |access-date=16 March 2016}} and Institute of Contemporary Arts (ICA) in London,{{Cite web |url=https://www.ica.org.uk/whats-on/seasons/ica-and-k11-art-foundation-present-zhang-ding-enter-dragon |title=ICA and K11 Art Foundation present Zhang Ding: Enter the Dragon |publisher=Institute of Contemporary Arts |access-date=16 March 2016 |archive-url=https://web.archive.org/web/20160320115526/https://www.ica.org.uk/whats-on/seasons/ica-and-k11-art-foundation-present-zhang-ding-enter-dragon |archive-date=20 March 2016 |url-status=dead}} showcasing Chinese artists. The foundation also has an art village in Wuhan. In 2012, Cheng featured in Fortune magazine's 40 Under 40 list.{{cite web |title=40 Under 40 2012 |url=https://fortune.com/40-under-40/2012/adrian-cheng/ |work=Fortune}} In 2013, he launched K11 Artmall.{{cite web |last1=Freeman |first1=Liam |title=Meet the billionaire shaking up Hong Kong's cultural scene |url=https://www.vogue.com.au/vogue-living/arts/meet-the-billionaire-shaking-up-hong-kongs-cultural-scene/news-story/d63ec48343e7e918b5606eecfa6cd98a |work=Vogue}} His work with K11 led him to be included in the ArtReview Power100 list several times since 2014, most recently in 2021.{{Cite web |url=http://artreview.com/power_100/adrian_cheng/ |title=Adrian Cheng / Power 100 / Art Review |website=ArtReview |access-date=16 March 2016}}{{Cite web |url=http://www.larryslist.com/artmarket/features/top-10-young-art-collectors/ |title=Top 10 Young Art Collectors |publisher=Larry's List |access-date=16 March 2016}}{{Cite web |title=Meet 20 of the World's Most Innovative Art Collectors |url=https://news.artnet.com/people/meet-20-of-the-worlds-most-innovative-art-collectors-117315 |website=news.artnet.com |date=29 October 2014 |access-date=16 March 2016}}{{Cite web |date=15 December 2017 |title=Adrian Cheng Awarded Officier de L'Ordre des Arts et des Lettres |url=https://www.cobosocial.com/dossiers/adrian-cheng-awarded-officier-de-lordre-des-arts-et-des-lettres/ |website=Cobosocial}}

In 2017, Cheng led the Victoria Dockside redevelopment of land held by New World since the 1970s, at a cost of $2.6 billion.{{cite web |url=https://www.mingtiandi.com/real-estate/projects-real-estate/new-worlds-victoria-dockside-breaks-record-for-kowloon-office-rents/?%20rent-related%20source |title=New World's Victoria Dockside Breaks Record For Kowloon Office Rents |date=8 January 2018 |access-date=25 June 2018 |publisher=Mingtiandi.com}}{{cite web |url=https://edition.cnn.com/travel/article/hong-kong-new-attractions/index.html |title=From swanky to retro-cool: 9 exciting attractions coming to Hong Kong |date=6 June 2018 |access-date=25 June 2018 |publisher=CNN}}{{cite web |url=http://www.skyscrapercenter.com/building/victoria-dockside/9349 |title=Victoria Dockside |access-date=25 June 2018 |publisher=Skyscraper Center}} As different phases of the development completed, new K11 ventures opened. This included K11 ARTUS, a luxury waterside residence that opened in the second half of 2019;{{cite web |last1=Choi |first1=Martin |title=Hong Kong hotel industry has capacity to continue to grow despite economic uncertainty and manpower shortage |url=https://www.scmp.com/news/hong-kong/article/3003913/hong-kong-hotel-industrys-capacity-continue-grow-despite-economic |work=South China Morning Post |date=29 March 2019}} the flagship K11 ATELIER, a Grade A office building;{{cite web |last1=Owen |first1=Suji |title=Hong Kong design duo on Quarry Bay's K11 Atelier office building and the making of a cool weekend space |url=https://www.scmp.com/lifestyle/arts-culture/article/3077874/hong-kong-design-duo-quarry-bays-k11-atelier-office-building |work=South China Morning Post |date=2 April 2020}} and Rosewood Hong Kong, a luxury hotel of New World. New World bought U.S.-based Rosewood in 2011{{Cite web |last=Gluckman |first=Ron |title=Next Tycoon: Hong Kong's Sonia Cheng Opens New World Hotels For The Family Empire |url=https://www.forbes.com/sites/forbesasia/2017/07/26/hong-kong-homecoming-sonia-cheng-opens-new-world-hotels-for-the-family-empire/ |access-date=26 January 2023 |website=Forbes |language=en}}{{Cite web |last=Walton |first=Millie |date=1 April 2019 |title=Rosewood's flagship hotel opens in Hong Kong |url=https://www.lux-mag.com/rosewood-hong-kong-opening/ |access-date=26 January 2023 |website=Lux Magazine |language=en-GB}}.

Cheng launched C Ventures (rebranded as C Capital in September 2022), an investment fund investing in fashion, media and lifestyle start-ups.{{Cite web |title=Adrian Cheng's C Ventures continues funding spree, makes strategic investments in Finery and Undone |url=https://us.fashionnetwork.com/news/Adrian-cheng-s-c-ventures-continues-funding-spree-makes-strategic-investments-in-finery-and-undone,937140.html |access-date=28 June 2021 |website=FashionNetwork.com |language=en-US}}{{Cite web |last=Olsen |first=Robert |title=How Adrian Cheng Is Rejuvenating A 50-Year-Old Business By Targeting China's Millennials |url=https://www.forbes.com/sites/robertolsen/2020/02/05/how-adrian-cheng-is-rejuvenating-a-50-year-old-business-by-targeting-chinas-millennials/ |access-date=28 June 2021 |website=Forbes}} In July 2025, the company will be listed on the Swiss Stock Exchange through a merger with Swiss-listed investment firm Youngtimers AG and the entity will be renamed C Capital AG upon approval and completion of the transaction.{{cite web |last=Feng |first=Venus |title=Hong Kong Tycoon Adrian Cheng to List His Venture Fund in Switzerland |website=Bloomberg.com |date=15 July 2024 |url=https://www.bloomberg.com/news/articles/2024-07-15/hk-tycoon-adrian-cheng-to-list-his-venture-fund-in-switzerland |access-date=26 September 2024}}{{Cite web |date=15 July 2024 |title=New World's scion Adrian Cheng lists C Capital on Swiss exchange |url=https://www.scmp.com/business/banking-finance/article/3270518/adrian-cheng-lists-his-c-capital-unit-swiss-bourse-us700-million-assets |access-date=19 August 2024 |website=South China Morning Post |language=en}} In 2018, Cheng founded the K11 Craft and Guild Foundation, a non-profit organisation to identify fast-disappearing crafts and offer public initiatives.{{cite web |title=Experience a unique art-inspired luxury stay at K11 Artus |url=https://www.lifestyleasia.com/hk/travel/hotels-resorts/experience-a-unique-art-inspired-luxury-stay-at-k11-artus/ |publisher=Lifestyle Asia |date=19 July 2021}}

In June 2019, he was named the "first global ambassador" of the Council of Fashion Designers of America (CFDA).{{Citation |last=van Elven |first=Marjorie |date=3 June 2019 |title=CFDA names Adrian Cheng as its first global ambassador |publisher=Fashion United |url=https://fashionunited.uk/news/people/cfda-names-adrian-cheng-as-its-first-global-ambassador/2019060343471 |access-date=26 June 2020}} In September 2019, Cheng presided over the announcement that New World would donate 3 million square feet of agricultural land to the government for public housing and related facilities, NGOs and to charities to develop social or transitional housing. Up to a third of the land was to be donated to an affordable social housing project.{{cite news |url=https://news.rthk.hk/rthk/en/component/k2/1482535-20190925.htm |title=New World donates 3 million square feet of land |newspaper=RTHK |date=25 September 2019 |access-date=4 October 2019}}

In 2019, Cheng was rewarded by the French government with Ordre des Arts et des Lettres.{{cite web |last1=Branche |first1=Philippe |title=Adrian Cheng: Le Milliardaire Hongkongais Ambassadeur De La Culture Française |url=https://www.forbes.fr/entrepreneurs/adrian-cheng-le-milliardaire-hongkongais-ambassadeur-de-la-culture-francaise/ |work=Forbes |date=26 July 2020 |language=fr}} It was following K11's collaboration with Cannes Film Festival, which hosted its first ever film week in Hong Kong the same year.{{cite web |last1=Hill-choi |first1=Lee |title=Everything you need to know about Hong Kong's first Festival de Cannes Film Week |url=https://www.scmp.com/magazines/style/news-trends/article/3032798/everything-you-need-know-about-hong-kongs-first |work=South China Morning Post |date=15 October 2019}} In October 2019, he became executive director of NWS Holdings, New World Development's infrastructure arm.{{Citation |last=Stella |first=Zhai |date=11 October 2019 |title=Adrian Cheng Takes over NWS |publisher=The Standard |url=https://www.thestandard.com.hk/section-news/section/2/212438/Adrian-Cheng-takes-over-NWS |access-date=26 June 2020}} On 13 February 2020, Cheng was named the executive chair of the New World subsidiary New World China Land, while keeping his role as executive vice-chairman of New World Development.{{Citation |last=Hatton |first=James |date=13 February 2020 |title=New World Scion Adrian Cheng Named Chair of China Business |publisher=Mingtiandi |url=https://www.mingtiandi.com/real-estate/agencies-people/adrian-cheng-named-chair-of-new-world-china/ |access-date=26 June 2020}} As of 2020, he runs two private Hong Kong investment ventures: C Ventures and K11 Investment. Leaving his position as general manager, he was promoted to CEO of New World Development in May 2020.{{Cite web |title=Dr. Adrian Cheng Chi-Kong – Executive Vice-Chairman |publisher=New World Development Company Limited |url=https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-adrian-cheng-chi-kong |access-date=2 December 2021}} In October 2020, Cheng oversaw NWD's acquisition of the State Theatre Building in Hong Kong for redevelopment.{{cite web |last1=Sito |first1=Peggy |title=Hong Kong developer NWD says it will 'create shared value', as it takes control of State Theatre Building site |url=https://www.scmp.com/business/article/3104658/hong-kong-developer-nwd-says-it-will-create-shared-value-it-takes-control |work=South China Morning Post |date=8 October 2020}} A team of conversation consultants were setup to preserve the 68-year old building, which is a Grade 1 historical building. Towards the end of the same year, Cheng first mentioned his and New World Developments vision for improving environmental, social, and corporate governance in Hong Kong. Creating Shared Value, abbreviated to CSV, was Cheng's proposal which he defined as "a connection between social progress and business success." The first project he believed this could be delivered on was the State Theatre site.

In January 2021, CTF Education was launched with plans to invest HK$3 billion in upcoming education projects in Hong Kong and Greater China.{{cite web |title=CTF Education Group is Empowering The Next Generation Through its Pioneering "EduMaker" Ethos |url=https://www.scmp.com/presented/news/hong-kong/education/topics/ctf-education-group/article/3143448/ctf-education-group |work=South China Morning Post |date=16 October 2021}} Cheng would serve as its Vice Chairman and Chief Executive, with the first school of many expected to open in late 2023. A partnership was also announced with Benenden School as part of the educational project.{{cite web |title=CTF Education plans $3b projects |url=https://www.thestandard.com.hk/section-news/section/2/226324/CTF-Education-plans-$3b-projects |publisher=The Standard (Hong Kong) |date=7 January 2021}} As part of the initiative, CTF also launched EDUMAKERS.{{cite web |title=CTF Education Group launches pioneering "EDUMAKER" ethos with over HK$3b investment in education projects |url=https://www.thestandard.com.hk/breaking-news/section/4/162597/CTF-Education-Group-launches-pioneering-%22EDUMAKER%E2%80%9D-ethos-with-over-HK$3b-investment-in-education-projects |publisher=The Standard (Hong Kong)}} In November 2021, Cheng announced that he would build virtual land in The Sandbox’s metaverse.{{Cite web |url=https://www.forbes.com/sites/zinnialee/2021/12/08/hong-kong-property-tycoon-adrian-cheng-builds-virtual-land-in-the-sandboxs-metaverse/ |title=Hong Kong Property Tycoon Adrian Cheng Builds Virtual Land In The Sandbox's Metaverse |website=Forbes}}

Cheng announced in 2021 that he was to partner with Hong Kong-based biotech startup, Prenetics.{{cite web |last1=Lee |first1=Zinnia |title=Adrian Cheng Teams Up With Covid Testing Firm Prenetics For Greater Healthcare Accessibility |url=https://www.forbes.com/sites/zinnialee/2021/09/21/adrian-cheng-teams-up-with-covid-testing-firm-prenetics-for-greater-healthcare-accessibility/ |work=Forbes |date=21 September 2021}} Cheng later acquired the startup,{{cite web |last1=Castagnone |first1=Mia |title=Adrian Cheng-backed start-up Prenetics acquires majority stake in Hong Kong biotech firm ACT Genomics |url=https://www.scmp.com/business/companies/article/3203835/adrian-cheng-backed-start-prenetics-acquires-majority-stake-hong-kong-biotech-firm-act-genomics |work=South China Morning Post |date=19 December 2022}} with the aim of making healthcare more accessible in Hong Kong.{{cite web |last1=Sito |first1=Peggy |title=Hong Kong's Prenetics aims to make Covid-19 testing quick and easy at home through Circle HealthPod's reusable system |url=https://www.scmp.com/business/companies/article/3144404/hong-kong-based-prenetics-launches-reusable-rapid-detection |work=South China Morning Post |date=10 August 2021}} Other investments in 2021 included tech accessory startup, Casetify.{{cite web |last1=Lee |first1=Zinnia |title=Hong Kong's Adrian Cheng Targets Millennials By Investing In Tech Accessories Brand Casetify |url=https://www.forbesmiddleeast.com/innovation/consumer-tech/hong-kongs-adrian-cheng-targets-millennials-by-investing-in-tech-accessories-brand-casetify |work=Forbes |date=1 July 2021}}

11 SKIES was announced as another concept developed by Cheng, which is to be located near Hong Kong International Airport. The announcement came in May 2022, and focuses on providing retail, dining and entertainment without the need to travel into the city.{{cite web |title=Greater Bay Area residents will soon be able to buy wealth management, beauty and medical services from Hong Kong's 11 Skies complex |url=https://www.scmp.com/business/article/3178846/greater-bay-area-residents-will-soon-be-able-buy-wealth-management-beauty |work=South China Morning Post |date=24 May 2022}} In June 2022, Cheng spoke about the expansion of subsidiary Humansa's health and wellness facilities in the Greater Bay Area. This followed a number of partnerships and acquisitions by the healthcare firm.{{cite web |last1=Ka-sing |first1=Lam |title=New World Development's Humansa expands footprint in health and wellness in Greater Bay Area with acquisition and partnership |url=https://www.scmp.com/business/article/3181009/new-world-developments-humansa-expands-footprint-health-and-wellness |work=South China Morning Post |date=9 June 2022}} In July 2022, it was announced K11 would be launching K11 ECOAST, the first of its kind in mainland China. The $1.4 billion development is to be constructed in Shenzhen on its waterfront.{{cite web |last1=Chow |first1=Vivienne |title=Hong Kong Mega-Collector and Developer Adrian Cheng Is Building a New $1.4 Billion Seaside Art District in Shenzhen |url=https://news.artnet.com/art-world/adrian-cheng-billion-seaside-art-district-shenzhen-2149874 |publisher=ArtNet |date=20 July 2022}} During the same month, Cheng's Prenetics was listed on the NASDAQ.{{cite web |last1=Yiu |first1=Pak |title=Hong Kong biotech Prenetics rides COVID wave to Nasdaq |url=https://asia.nikkei.com/Business/Health-Care/Hong-Kong-biotech-Prenetics-rides-COVID-wave-to-Nasdaq |publisher=Nikkei |date=17 May 2022}} It became the first Hong Kong-based unicorn to be listed in the United States.{{cite web |title=HK unicorn marks a Nasdaq milestone |url=https://www.thestandard.com.hk/section-news/section/21/241809/HK-unicorn-marks-a-Nasdaq-milestone |publisher=The Standard (Hong Kong) |date=19 May 2022}}

In July 2022, Cheng was part of the Hong Kong honours list, when he received the Silver Bauhinia Star. The recognition came following his efforts to improve the city of Hong Kong.{{cite web |title=Hong Kong leader John Lee, top judge and Olympic medallists among 890 named on city's honours list |url=https://www.scmp.com/news/hong-kong/society/article/3186683/hong-kong-leader-john-lee-top-judge-and-olympic-medallists |work=South China Morning Post |date=27 July 2022}} In October 2022, Cheng was a recipient of the Ordre national du Mérite from the French government. During the presentation of the award, Consul General of France Christile Drulhe, stated Cheng "has been working tirelessly to foster stronger relations between France and Hong Kong."{{cite web |title=Adrian CHENG nommé Officier de l'Ordre National du Mérité |url=https://hongkong.consulfrance.org/Adrian-CHENG-nomme-Officier-de-l-Ordre-National-du-Merite |publisher=French Consulate in Hong Kong}} During the same month, he also received an Honorary University Fellowship in The University of Hong Kong. In February 2023, it was announced that Cheng had been appointed as non-executive director and a co-chairman of Meta Media Holdings.{{Cite web |last=Lee |first=Zinnia |title=Meta Media Shares Surge 201% On Adrian Cheng's Appointment And Baidu AI Partnership |url=https://www.forbes.com/sites/zinnialee/2023/02/17/meta-media-shares-surge-201-on-adrian-chengs-appointment-and-baidu-ai-partnership/ |access-date=17 February 2023 |website=Forbes |language=en}} As the largest fashion and luxury media organization in China, it was suggested by Forbes that Cheng could assist with the growth of the business internationally. Meta Media's share price rose by 201% on the day Cheng's appointment was announced. In June 2023, Cheng was one of the backers of NaaS Technology during its SPO.{{cite web |title=NaaS Completed SPO, from Investors Including Dr. Adrian Cheng and CST Group |url=https://finance.yahoo.com/news/naas-completed-spo-investors-including-160000449.html |publisher=Yahoo Finance |date=1 June 2023}} In July 2024, Cheng received the "Best CEO" award in Institutional Investor's Annual Rankings for the fourth consecutive year.{{cite web |title=New World scoops eight awards in Institutional Investor's Annual Rankings, with Adrian Cheng retaining Best CEO title |url=https://www.thestandard.com.hk/breaking-news/fc/4/218084/New-World-scoops-eight-awards-in-Institutional-Investor%E2%80%99s-Annual-Rankings,-with-Adrian-Cheng-retaining-Best-CEO-title |publisher=The Standard (Hong Kong) |date=4 July 2024}} Ironically, just a few months later he was forced out of his CEO role after New World Development was poised to report a loss close to 20 billion Hong Kong Dollars for the financial year, the worst since the founding and of the company half a century before.[https://www.scmp.com/business/article/3279985/new-world-development-retail-unit-suspended-trading-following-adrian-cheng-report]

His philanthropic work led him to be featured in the 2017 edition of Asia's Heroes Of Philanthropy, published by Forbes magazine.{{cite web |last1=Koppisch |first1=John |title=Asia's 2017 Heroes Of Philanthropy |url=https://www.forbes.com/sites/johnkoppisch/2017/06/28/asia-2017-heroes-of-philanthropy/ |work=Forbes |date=28 June 2017}}

During the Covid-19 pandemic, Cheng launched Lovewithoutborders. The movement aimed to provide international assistance to those that required help. The project subsequently donated over 1.5 million masks to Europe in early 2020.{{cite web |title=Adrian Cheng launches LoveWithoutborders; donates 1.5 million surgical masks to Europe; develops nanotechnology masks |url=https://ww.fashionnetwork.com/news/Exclusive-adrian-cheng-launches-lovewithoutborders-donates-1-5-million-surgical-masks-to-europe-develops-nanotechnology-masks,1200074.html |publisher=Fashion Network |date=24 March 2020}} Donations were also made to low-income families in Hong Kong and a large shipment of over 1 million masks went to mainland China.{{cite web |title=New World Development's mask dispensers bring relief to the disadvantaged |url=https://www.thestandard.com.hk/breaking-news/section/4/147589/New-World-Development’s-mask-dispensers-bring-relief-to-the-disadvantaged |publisher=The Standard (Hong Kong) |date=20 May 2020}} In June 2021, Cheng attended a naming ceremony at the Hong Kong University of Science and Technology (HKUST), after the University announced its Robotics Institute would be named after his father. This followed the Chow Tai Fook Charity Foundation donating HK$100 million to the University for investment and research purposes.{{cite web |title=HKUST Receives HK$100 Million from Chow Tai Fook Charity Foundation |url=https://hkust.edu.hk/news/institutional-advancement/hkust-receives-hk100-million-chow-tai-fook-charity-foundation |publisher=Hong Kong University of Science and Technology}} In September 2021, Cheng announced the establishment of a new non-profit organisation, New World Build for Good.{{cite web |title=Hong Kong developer to offer 300 homes at 50% discount to market price |url=https://www.reuters.com/world/asia-pacific/hong-kong-developer-offer-300-homes-50-discount-market-price-2021-12-06/ |work=Reuters |date=6 December 2021}} It aims to alleviate the housing shortage in Hong Kong.{{cite web |last1=Li |first1=Sandy |title=Hong Kong's New World Development launches non-profit that will seek innovative solutions to city's housing issues |url=https://www.scmp.com/business/article/3150547/hong-kongs-new-world-development-launches-non-profit-will-seek-innovative |work=South China Morning Post |date=29 September 2021}}

In 2022, Cheng led an initiative to help underprivileged Hongkongers. The crowd-donation platform, Share for Good, allows for donations of goods and supplies from donors.{{cite web |last1=Arcibal |first1=Cheryl |title=New World launches crowd-donation platform Share for Good for Hongkongers to give supplies to Covid-19 patients |url=https://www.scmp.com/business/article/3170782/new-world-launches-crowd-donation-platform-share-good-hongkongers-give |work=South China Morning Post |date=17 March 2022}} Shortly after its launch, donations of essential supplies were made by the private sector on the platform, to assist those affected by coronavirus epidemic.{{cite web |last1=Mok |first1=Danny |title=Hong Kong private sector donates essential supplies to residents affected by coronavirus epidemic |url=https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3171753/hong-kong-private-sector-donates-essential |work=South China Morning Post |date=24 March 2022}}

In November 2022, Cheng launched the WEMP Foundation.{{Cite web |date=11 November 2022 |title=Hong Kong CEO sets up foundation for children with mental health issues |url=https://www.scmp.com/news/hong-kong/health-environment/article/3199188/hong-kong-new-world-development-ceo-sets-personal-foundation-help-children-mental-health-issues |access-date=1 January 2023 |website=South China Morning Post |language=en}} The non-profit foundation was formed in February 2021 to promote mental well-being for children and their families, following a 40% increase in the number of psychiatric patients aged below 18 over the COVID-19 pandemic period. The South China Morning Post reported WEMP Foundation would provide counselling for carers and/or parents, with Mindful Support (therapeutic support and financial aid) also available for severe cases. In April 2023, Cheng and The WEMP Foundation announced the launch of Action Team to deepen local district effort. Together with the foundation's three major programs of 18 District Positive Parenting School Tour, Children’s Emotion-Management Workshop, and Early Childhood Parenting Program in kindergarten, it aims to help society by improving children's mental health.{{cite web |title=愛望基金成立「Action Team」 創辦人鄭志剛與陳國基出席啟動禮 |url=https://www.hk01.com/財經快訊/890320/愛望基金成立-action-team-創辦人鄭志剛與陳國基出席啟動禮 |publisher=HK01 |language=zh |date=21 April 2023}} As of March 2024, WEMP Foundation has served more than 60,000 children and parents.{{Cite web |last=Sobti |first=Tara |title=Adrian Cheng's The Wemp Foundation and Natalia Vodianova Arnault's Naked Heart France host The Children Ball to support children's mental health |url=https://www.tatlerasia.com/power-purpose/philanthropy/adrian-cheng-children-ball |access-date=26 March 2024 |website=Tatler Asia |language=en}} In the same month WEMP held a charity gala called The Children Ball in Hong Kong, with the main aim to raise vital funds in support of children with special needs. The event was held in partnership with the Naked Heart France, which was founded by Natalia Vodianova Arnault.

He is on the boards of companies such as New World Development and Chow Tai Fook Enterprises, among others. On 13 January 2023, Cheng was appointed as a new member of the Board of Directors of the Financial Services Development Council (FSDC).{{Cite web |title=New World chief gets a seat in latest Financial Services Development Council board reshuffle |url=https://www.thestandard.com.hk/breaking-news/section/4/199198/New-World-chief-gets-a-seat-in-latest-Financial-Services-Development-Council-board-reshuffle |access-date=17 January 2023 |website=The Standard |language=en}}{{Cite press release |title=Appointments to Board of Financial Services Development Council announced |url=https://www.fsdc.org.hk/en/media/appointments-to-board-of-financial-services-development-council-announced-1 |access-date=17 January 2023 |publisher=Financial Services Development Council}}

Cheng holds a number of art-focused board positions including,{{Cite web |title=Art impressario (sic) Cheng brings Monet exhibit to Shanghai – China.org.cn |url=http://www.china.org.cn/arts/2014-04/28/content_32229973.htm |archive-url=https://web.archive.org/web/20160304060405/http://www.china.org.cn/arts/2014-04/28/content_32229973.htm |archive-date=4 March 2016 |publisher=China Internet Information Center |access-date=30 September 2015 |last=周静}} WKCDA Board Member of M+ from October 2016 to October 2018,{{Cite web |title=Members of the M+ Board appointed |url=https://www.westkowloon.hk/en/press-release/members-of-the-m-board-appointed-1065 |access-date=1 January 2023 |website=West Kowloon Cultural District |date=11 July 2016 |language=en}} a member of M+ Founding Benefactors, the major donors of M+,{{Cite web |title=Our Donors {{!}} M+ Museum {{!}} M+ |url=https://www.mplus.org.hk/en/our-donors/ |access-date=11 January 2023 |website=www.mplus.org.hk |language=en-US}} Visiting Committee of The Metropolitan Museum of Art, Board Member of Asia Art Archive,{{cite web |title=Adrian Cheng Collector |url=https://www.cobosocial.com/user/adriancheng/?profiletab=main |publisher=COBO Social}} Trustee of Royal Academy of Arts,{{cite web |title=Adrian CHENG, Chairman, K11 Art Foundation |url=https://www.hkaaa.org.hk/archive/mr-adrian-cheng-chairman-k11-art-foundation |publisher=Hong Kong Arts Administrators Association}} Board Member of The Friends of Guimet Museum,{{cite web |title=The Friends of Guimet Museum – Board members |url=https://www.amisdeguimet.com/qui-sommes-nous-1 |publisher=Guimet Museum}} and Member of International Circle of Centre Pompidou.

On 17 January 2023, Hong Kong Government appointed Cheng as the chairman of a new arts and culture committee, Mega Arts and Cultural Events Committee, "seeking to bring big events back to the city".{{Cite web |date=17 January 2023 |title=New World boss tasked with putting Hong Kong back on the arts and culture map |url=https://www.scmp.com/business/companies/article/3207045/new-world-boss-adrian-cheng-appointed-chairman-new-hong-kong-cultural-committee-seeking-bring-big |access-date=17 January 2023 |website=South China Morning Post |language=en}} Later on 21 February 2023, Hong Kong Government appointed Cheng as one of the members of the Culture Commission for a period of two years from 1 March 2023.{{Cite web |title=Appointments to Culture Commission |url=https://www.info.gov.hk/gia/general/202302/21/P2023022100368.htm?fontSize=1 |access-date=22 February 2023 |publisher=Government of Hong Kong}} In November 2023, The Financial Services Development Council announced the establishment of the Hong Kong Academy for Wealth Legacy, with Cheng appointed as the Chairman of the Board of Directors with effect from 14 November 2023. The Academy is dedicated to foster Hong Kong as a leading global family office hub.{{Cite web |last=Standard |first=The |title=Adrian Cheng named to lead new Hong Kong Academy for Wealth Legacy |url=https://www.thestandard.com.hk/breaking-news/section/4/210174/Adrian-Cheng-named-to-lead-new-Hong-Kong-Academy-for-Wealth-Legacy |access-date=9 November 2023 |website=The Standard |language=en}}{{Cite web |last=Directors |first=Establishment of the Hong Kong Academy for Wealth Legacy and Appointments to Board of |title=Establishment of the Hong Kong Academy for Wealth Legacy and Appointments to Board of Directors |url=https://www.fsdc.org.hk/en/media/establishment-of-the-hong-kong-academy-for-wealth-legacy-and-appointments-to-board-of-directors/ |access-date=9 November 2023 |website=Establishment of the Hong Kong Academy for Wealth Legacy and Appointments to Board of Directors}}

Hong Kong Mega Arts and Cultural Events Committee, chaired by Cheng, granted HK$7.8 million to “Chubby Hearts Hong Kong” art installations in February 2024. The art installation was created by British designer Anya Hindmarch, who was the tenant of K11 MUSEA. This raised concerns about conflicts of interest, as fund chairman Adrian Cheng is linked to the mall, prompting criticism over funding transparency.{{Cite web |date=2024-02-17 |title=Hong Kong's HK$7.8 million handout for 'Chubby Hearts' sparks transparency call |url=https://www.scmp.com/news/hong-kong/society/article/3252249/chubby-hearts-hong-kong-art-installations-hk78-million-government-handout-sparks-calls-more |access-date=2024-12-23 |website=South China Morning Post |language=en}}{{Cite web |last=Standard |first=The |title='Chubby Hearts' another testament to HK as a dynamic hub for creative expressions and skilled talents, says Adrian Cheng |url=https://www.thestandard.com.hk/breaking-news/section/4/213425/%E2%80%98Chubby-Hearts%E2%80%99-another-testament-to-HK-as-a-dynamic-hub-for-creative-expressions-and-skilled-talents,-says-Adrian-Cheng |access-date=2024-12-23 |website=The Standard |language=en}}

New World Development had massed borrowings that made it the most debt-laden major developer in Hong Kong when Cheng was the CEO.{{Cite web |last=Kwan, Bloomberg |first=Shawna |title=Adrian Cheng, member of one of Asia's richest families, resigns as New World CEO after the Hong Kong developer posts $2.5 billion loss |url=https://fortune.com/asia/2024/09/26/new-world-ceo-resigns-adrian-cheng-succession-plans-hong-kong-developer-annual-loss/ |access-date=2025-01-10 |website=Fortune Asia |language=en}} In 2024, New World posted a loss attributable to shareholders of HK$19.7 billion ($2.5 billion) for the financial year ended in June, the worst since the founding and of the company half a century before.[https://www.scmp.com/business/article/3279985/new-world-development-retail-unit-suspended-trading-following-adrian-cheng-report] Cheng resigned from his position of CEO in September. In December, New World was kicked out of the Hang Seng Index.{{Cite web |date=2024-11-22 |title=New World Development ejected from Hang Seng Index |url=https://www.scmp.com/business/china-business/article/3287785/new-world-development-loses-blue-chip-status-ejection-hang-seng-index |access-date=2025-01-10 |website=South China Morning Post |language=en}}

Cheng is married to Jennifer Yu and they have three children.{{cite news |last=Chen |first=Joyce |date=24 January 2018 |title=Cheng forays into kids' education |url=http://www.thestandard.com.hk/section-news.php?id=192085&sid=2 |work=The Standard}}{{Cite web |date=10 July 2019 |title=Jennifer Yu Cheng |url=https://www.engineering.columbia.edu/board-of-visitors/jennifer-yu |access-date=28 January 2022 |website=Columbia Engineering |language=en}} He is recognized as a collector of contemporary art.

Cheng has three younger siblings: Sonia, Brian, and Christopher Cheng.{{Cite news |last=Davies |first=Paul J. |date=8 October 2013 |title=Adrian Cheng adds shine to Chow Tai Fook brand |url=http://www.ft.com/intl/cms/s/0/424863ca-d33a-11e2-95d4-00144feab7de.html#slide0 |access-date=30 September 2015 |newspaper=Financial Times |issn=0307-1766}}{{Cite web |title=Christopher Cheng Chi LEONG {{!}} DEPARTMENT OF ELECTRONIC & COMPUTER ENGINEERING |url=https://ece.hkust.edu.hk/ab_christopherleong |access-date=3 November 2023 |website=ece.hkust.edu.hk}}

{{Reflist}}

• [https://www.nwd.com.hk/corporate/about-NWD/leadership/dr-adrian-cheng-chi-kong New World Development Company : Dr. Adrian Cheng]

{{DEFAULTSORT:Cheng, Adrian}}

Category:1979 births

Category:Harvard College alumni

Category:Hong Kong billionaires

Category:Hong Kong businesspeople

Category:Living people

Category:Members of the Election Committee of Hong Kong, 2017–2021

Category:Members of the Election Committee of Hong Kong, 2021–2026

Category:New World Development people

Category:Non-profit executives

Category:Taft School alumni

Category:Goldman Sachs people

Category:UBS people