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.
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]
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]
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]
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.
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.
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.
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.
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]
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]