When $2 billion in IPO proceeds landed in his family's bank account in mid-December, Cheng Yu-Tung emerged as one of the richest men in Asia, with a $16 billion fortune built on the twin commodities that drive China—gold and land.
WSJ.com: What's News US, Wall Street Journal
Fri, 12/30/2011 - 5:04pm
When $2 billion in IPO proceeds landed in his family's bank account in mid-December, Cheng Yu-Tung emerged as one of the richest men in Asia, with a $16 billion fortune built on the twin commodities that drive China—gold and land.