Pollyanna Chu Explained

Pollyanna Chu (Chu Yuet wah)
Native Name:朱李月華
Birth Name:Yuet Wah Lee
Birth Date:3 August 1958
Birth Place:British Hong Kong
Residence:Hong Kong
Office:CEO of the Kingston Financial Group
Term Start:6 April 2005
Chairmen:Jenkin Cheung
Nicholas Chu
Office1:Chairman of the Sincere Watch (Hong Kong) Limited
Term Start1:13 July 2012
Predecessor1:Tay Liam Wee
Office2:Chairman of Po Leung Kuk
Term Start2:1 April 2015
Term End2:1 April 2016
Predecessor2:Angela Leong
Successor2:Eleanor Kwok Law
Alma Mater:Golden Gate University
Occupation:CEO of Kingston Financial Group
CEO of Golden Resorts Group
Chairman of Sincere Watch
Spouse:Nicholas Chu
Children:1

Pollyanna Chu (Chu Yuet Wah;) is a billionaire businesswoman from Hong Kong. She is an executive of Kingston Financial Group, Golden Resorts Group, and Sincere Watch. As of 30 January 2018, Chu's estimated net worth was US $10.2 billion, making her the 14th richest person in Hong Kong.

Early life

In 1958 Chu was born as Yuet Wah Lee in British Hong Kong. Her father was Wai Man Lee. She grew up in Aberdeen, Hong Kong.[1]

Education

Pollyanna Chu moved to the United States at the age of 18. She holds a bachelor's degree in Management from Golden Gate University and awarded an Honorary Ph.D. in Business Management by York University, United States.[2]

Personal life

Chu married Nicholas Chu, whom she met while studying in San Francisco.[3] She has one child, Kingston, who was born in San Francisco, but raised in Hong Kong.[4] [5] In November 2015, her son Kingston married Kelly Lo in Hong Kong.[6]

In December 2021, it was reported that Chu was eligible to vote four times in the 2021 Hong Kong legislative election, yielding 0.0337997% of the total voting value (elected seats), which is 6801 times more than the value of an average voter's total voting value.[7]

Career

Pollyanna and her husband Nicholas Chu got involved in property investment on her father's recommendation and moved to Hong Kong in 1992 to pursue the business.

Kingston Financial Group

Following some success in California real estate, the couple founded Kingston Financial Group Ltd in 1992. The company was named after their son. Chu served as Managing Director, but co-ran Kingston Financial with her husband. The company initially focused on IPO distribution and mergers and acquisitions.

As at 2016, Chu is the CEO and Executive Director of Kingston Financial Group.[8] As at 2016, she is the biggest shareholder and CEO of Kingston Financial.

Securities and Futures Commission

In 1997 she was "fined...for working as an unregistered dealer." Chu was accused of market manipulation in 2003 by the Securities and Futures Commission.

Golden Resorts Group

Chu is the CEO of Golden Resorts Group Limited.[9] It is engaged in the hotel and gaming business, notably Casa Real Hotel and Grandview Hotel in Macau.

Sincere Watch

In 2012, she bought a 100% stake in Sincere Watch Limited, which is currently run by her son, Kingston Chu.[10]

In May 2012, Chu became the executive director of Sincere Watch (Hong Kong) Limited and director of Sincere Watch Limited. In July 2012, she became the chairman of Sincere Watch (Hong Kong) Limited.[11]

In July, 2012, she was named chairwoman of Franck Muller's Asia-Pacific operations.[12]

Organisation

Awards

Chu was given an "Outstanding Chinese Prize" in 2008.[13] In 2012, Forbes Asia listed her as one of their "Women In The Mix", their #35 Power Woman of 2017, their #549 'Billionaire' of 2016, and their #16 out of 'Hong Kong's 50 Richest' in 2016.[14]

Notes and References

  1. Web site: Wealthx.com Yuet Wah Chu . Nov 12, 2016.
  2. Web site: Kingston Financial Group Limited official website - Board of Directors.
  3. News: Flannery. Russell. The Billionaire Chus And Kingston Financial Look To Make A Mark Beyond Hong Kong. Forbes. 3 March 2013.
  4. News:
    1. 32 Pollyanna Chu
    . https://web.archive.org/web/20120112044216/http://www.forbes.com/lists/2012/82/hongkong-billionaires-12_Pollyanna-Chu_QKE3.html. dead. January 12, 2012. 5 January 2012. Forbes. 3 March 2013.
  5. Web site: The Peak Interview: Kingston Chu. Kan. Francis. 1 March 2014. The Peak. The Peak. 12 August 2016.
  6. Web site: Barlow. Christian. Inside Kingston Chu and Kelly Lo's Wedding. 2021-12-02. Tatler Asia. en.
  7. Web site: FactWire. 2021-12-15. Factwire: 41 privileged voters have 7,200 times greater power than a regular Hong Kong voter following election revamp. 2021-12-16. Hong Kong Free Press HKFP. en-GB.
  8. Web site: Kingston.com.hk Board of Directors . Nov 12, 2016.
  9. Web site: Goldenresortsgroup.com Dr. CHU Yuet Wah. Nov 12, 2016.
  10. News: Chu Pollyanna. Hong Kong's 50 Richest. Forbes. 3 March 2013.
  11. Web site: Sincere.com Pollyanna Chu. 12 Nov 2016.
  12. Web site: Chen. Vivian. Time is right for Pollyanna Chu to take the helm at Franck Muller's Asia-Pacific operation. Entertainment. 25 July 2012. South China Morning Post. 3 March 2013.
  13. Web site: zhuhong. The Secret of a Hong Kong Businesswoman's Success. Business Women in China. All-China Women's Federation. 3 March 2013.
  14. News: Scott. Mary E.. Asia's Women In The Mix, 2013: The Year's Top 50 for Achievement In Business. Forbes Asia. 3 March 2013.