As an eccentric, confident Chinese millionaire, Stephen Hung is tough to miss. He's consistently spotted wearing some of the world's most expensive labels and driving some of the most expensive super cars that money can buy. His entire lifestyle is an example of opulence, and his extreme wealth is put on full display at every opportunity. His sharp skills in the business world have led him to an astronomical net worth, and recently, he has been spotted with a swarm of cameras following his every move.
Updated February 15th, 2023: As it turns out, the rumors were true: Stephen Hung and his wife Deborah are cast members of Bling Empire New York. The couple made their debut in season one, but it's unclear just how long their time on reality TV will last.
10 Stephen Hung's Net Worth
Stephen Hung is currently sitting atop an impressive $400 million fortune, and he never misses an opportunity to flaunt his extreme wealth. Some of his wealth was inherited, and the rest of it was self-made.
It's safe to assume that Stephen has never faced major financial challenges and has acquired enough wealth that he can comfortably live the rest of his life without any worries about financial stability. Like the rest of the Bling Empire cast, he has way more money than he will ever spend.
9 Stephen Hung Was Born Into A Wealthy Family
Stephen was born into wealth and has always had an abundance of opportunities available to him as a result of his family's reputation and incredible wealth. He has also been able to successfully use his own skill set to generate even more income and further increase his overall fortune.
Raised in an upper-class household, Stephen's father was a successful property investor, and he led the way in cultivating family wealth that could easily sustain many future generations.
Hung has a similar backstory as many Bling Empire New York cast members, as it turns out.
8 He's A Skilled Businessman
Despite being able to lean on his family's fortune, Stephen Hung was dedicated to furthering his own education. He was known to thrive when it came to his studies, and he threw himself into learning and developing new insights and skills.
Hung began by studying medicine at Columbia University, then he moved on to the University of Southern California and obtained his MBA in business administration.
7 Stephen Hung Is Known For His Eccentric Style
Stephen Hung's loud fashion show choices and his over-the-top designer outfits garner attention at every turn. He takes pride in wearing only the most current, expensive labels and is meticulous at putting his most stylish foot forward every time he steps out.
His outfits are bold and colorful, and he is recognized for his eccentric, fashion choices. His confidence and flamboyant outfits are head-turners, and he's easy to spot when he steps out dressed head-to-toe in Dolce & Gabbana and Versace.
As part of the Bling Empire cast, it's assumed Hung will contribute plenty of interest to the series, despite it being somewhat scripted.
6 Hung Soon Dominated In The Banking Sector
Stephen Hung went on to develop his skills in the banking sector and eventually became the co-head of investment banking for Asia with the globally recognized Merrill Lynch.
He became the Vice Chairman at eSun Holdings and put his efforts into developing his own investment company. Stephen continued to thrive as the director of AcrossAsia Limited and continued to excel in the industry.
Throughout his experiences in the banking sector, he networked with some of the wealthiest business associates in the world and expanded his circle of wealth and power.
5 Stephen Hung Became Involved With Louis XIII Holdings Limited
Among his many business ventures, Stephen Hung is most recognized for his massive investment in Louis XII Holdings Limited. The luxury casino resort in Macau was designed to be the most luxurious casino ever built. It was described as being an unimaginably opulent space that was meant to attract the most affluent people from across the globe.
Private boutiques were designed as invite-only opportunities for the ultra-rich, with the cost of a singular item of jewelry said to cost a minimum of $1 million.
The lavish suites were available for booking for those who could afford to drop $130,000 for a one-night stay. Louis XII Holdings Limited became known as the 13 Holdings Limited and Hung was the mastermind behind the project which cost him the equivalent of a small fortune to develop.
4 Stephen Hung's Hotel Development
Even the most prominent, most highly-esteemed businessmen make poor investment decisions from time to time, and unfortunately for Hung, his casino resort wasn't a great business venture. He experienced a number of issues with his investors and their business dealings took a sour turn. The Chinese government frowned upon the excessive spending and overall concept of this space.
The hotel wound up opening a full two years late and without a casino, making this investment a significant drain of finances and resources, which strayed dramatically from the intended outlook he had for the project. Hung struggled to secure and gain approval for applications for various casino licenses and is said to owe money to creditors as a result of this failed mission.
3 Stephen Hung Placed A $20 Million Car Order
Stephen Hung's name has become synonymous with over-the-top spending, and he solidified his reputation as being an over-spender in 2014 when he made a purchase that will be forever connected to his name. He made headlines with a massive $20 million vehicle order that turned many heads and raised more than a few eyebrows.
In one swift swoop, he made a purchase for an entire fleet of custom-designed luxury vehicles. Hung's order was for 30 Rolls-Royce Phantoms, which became known as the world's largest Rolls-Royce order of all time. The cars were intended to provide exclusive services for the elite guests at the Louis XIII.
2 Who Is Stephen Hung's Wife Deborah?
Stephen Hung has been famously married to the stunning Deborah Valdez-Hung. Deborah is a model that also happens to have incredible entrepreneurial skills. She boasts a long and successful career as a supermodel from Mexico, who went on to own one of the most high-end, exclusive modeling agencies to service Asia and much of Europe.
Her involvement in Dreamodels has generated incredible wealth for Deborah, adding even more to the family's ever-growing fortune. Deborah and Stephen Hung became immediately recognized as a stunning power couple that was a true force to be reckoned with. They have gone on to welcome two children to their family.
1 Stephen Hung's Reality Show Debut
Clearly, this flashy couple is hard to miss, and these days, they seem to have a swarm of cameras around them at all times. Their recent jet-setting experiences have led them to New York City, and they have been spotted at hot spots such as staple Le Bilboquet, and Ralph Lauren’s Polo Bar, as well as Marea.
The couple was rumored to be filming for Bling Empire New York, a rumor which turned out to be true. Not only is the couple on the cast list for the show, but they are the season's highest-value couple too.
