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Billionaire Profile
Tung Chee Chen
Global Rank
#1059

Image: Public domain | via Wikimedia Commons

Tung Chee Chen

CEO, Orient Overseas (International) Limited (OOIL)
HK
Real-Time Net Worth
$3.8B
As of December 2025
Age
82
Source
Shipping
Industry
logistics
Citizenship
HK

Biography

Tung Chee Chen, a prominent figure in the shipping and logistics industry, is a Hong Kong billionaire businessman with an estimated net worth of $3.8 billion. Born on December 15, 1942, he is the chairman and chief executive of Orient Overseas (International) Limited (OOIL). His career spans decades, marked by significant contributions to the global shipping sector. With a bachelor's degree from the University of Liverpool and a master's from MIT, Tung has held key leadership positions, including Chairman of the Hong Kong Shipowners' Association and the Hong Kong General Chamber of Commerce. He is recognized for his strategic vision and leadership, expanding OOIL to operate in over 100 countries and is the honorary consul to Hong Kong of Monaco. In 2018, he and his brother sold their entire stake in OOIL for $4.3 billion.

Wealth Over Time

In-Depth Profile

Early Life

Tung Chee Chen was born on December 15, 1942, in Hong Kong. He is the son of Tung Chao Yung, the founder of Orient Overseas, a significant player in the shipping industry. His ancestral hometown is Ningbo, Zhejiang Province, China. He is also the younger brother of Tung Chee-hwa, the first Chief Executive of Hong Kong. Tung received his education in England and the United States.

Rise to Success

Tung Chee Chen's career in the shipping industry began with his family's company, Orient Overseas (International) Limited (OOIL). He took on the role of Chairman and CEO, guiding the company through significant growth and expansion. Under his leadership, OOIL grew to operate in over 100 countries, solidifying its status as a global shipping giant. He upheld family traditions while modernizing operations to keep pace with market changes. A pivotal moment in Tung's career was in 2018 when he and his brother sold their entire stake in OOIL to COSCO Shipping.

Key Business Strategies

Tung Chee Chen's business strategies focused on expanding OOIL's global presence and modernizing its operations. He emphasized strategic foresight to navigate the competitive shipping market. This included investments in fleet modernization and embracing containerization, which was a key turning point for the company.

Philanthropy

Tung's wife, Betty Tung, is a philanthropist and the founder of the Tung Foundation. Information on his specific philanthropic initiatives and amounts is not readily available.

Career Milestones

1993-1995

Chairman of the Hong Kong Shipowners' Association

Served as the Chairman, contributing to the development of the shipping industry in Hong Kong.

1996

Chairman and CEO of Orient Overseas (International) Limited

Assumed leadership of OOIL, one of the largest shipping companies globally.

1999-2001

Chairman of the Hong Kong General Chamber of Commerce

Chaired the Hong Kong General Chamber of Commerce, contributing to the business community.

2018

Sale of OOIL Stake

Sold entire 68.7% stake in OOIL to COSCO Shipping, marking a significant transition.

Philanthropy & Social Impact

Family

Tung Foundation

Undisclosed

Founded by his wife, Betty Tung.