Allan Wong Net Worth & Biography

Allan Wong Chi Yun is a Chinese businessman and engineer who co-founded the company VTech along with Stephen Leung when they opened a small factory in To Kwa Wan. Their business, VTech, has grown into the world leader in electronic learning products and tools from infancy to preschool and the world’s leading maker of cordless phones. It provides highly preferred contract manufacturing services. It was founded back in 1976 and is headquartered in Hong Kong. It has state-of-the-art manufacturing facilities and maintains operations in eleven countries and regions. Not only that, but it employs over 30,000 employees, including over 1,500 R&D professionals in R&D centers in China, Hong Kong, Canada, and Germany. This network allows Wong’s company to stay abreast of the latest tech and market developments throughout the world while maintaining a competitive cost structure. VTech boasts of more than three decades of experience in civil and geotechnical engineering study, design, and administration, including site investigation, deep excavation, drainage works, road widening works, site formation, demolition, foundation, excavation and lateral support works, slope and retaining wall upgrading works and superstructure. The company has managed to stay top of its game in the business and remains relevant in the construction services industry thanks to Allan’s leadership abilities which have contributed towards helping VTech maintain frame for more than 30 years since inception.

Early Life: Education, Academic Qualifications

Mr. Wong was born in the People’s Republic of China.

After graduating from the University of Hong Kong, he attended the University of Washington in the United States for a Bachelor of Science degree in Civil Engineering. After that, he attended Imperial College, University of London, in the United Kingdom for his Master of Science in Civil Engineering.

He has also received an honorary Doctorate from The Hong Kong Polytechnic University and is a Registered Structural Engineer.

Professional Life: Entrepreneurial career

Wong is an engineer and businessman by profession. He is a co-founder of Video Technology (or simply VTech), one of the largest producers of cordless phones in the world. He is also the chairman and chief executive officer of the company.

Asides from being one of the founders of one of the world’s largest and most successful companies, Mr. Wong is also concerned with numerous other responsibilities. He maintains a profile with other companies and business establishments in China and in Hong Kong. He is the deputy chairman for The Bank of Asia, Ltd. Likewise, he works at China-Hong Kong Photo Products Holdings Ltd. as an independent non-executive director.

Personal Life: Wife, Children

Mr. Wong has been married to his spouse named Gloria for many years. Theirs has been a blessed union. They are the parents of two children. The family lives together in Hong Kong.

Asides from his work, this billionaire takes pleasure in spending time with his family. He goes on trips with his wife and children to different countries, including places like Japan, London, and the United States. He is also an avid lover of sports, particularly football and golf.

Allan Wong Net Worth: Salary, Assets, Income Sources

Allan Wong Chi Yun has a net worth of 1.5 billion dollars. He is a Chinese businessman and developer who co-founded the company VTech along with Stephen Leung when they opened a small facility in To Kwa Wan. Their business, VTech, has grown into the world leader in electronic learning products and tools from infancy to preschool and the world’s leading maker of cordless phones. This company is the main source of income for Allan Wong Chi Yun who has been named number 40 on the list of Hong Kong’s wealthiest people. VTech provides one of the most ideal contract manufacturing services. It is headquartered in Hong Kong. It has ultra-modern manufacturing facilities and maintains operations in eleven different countries of the world, including countries in Europe and Africa. VTech boasts of employing more than 30,000 workers as of today, including more than 1,500 R&D professionals in R&D centers in China, Hong Kong, Canada, Ukraine, South Africa, Cuba, Peru, and Germany. This network allows the company to stay in touch with the latest technology and market developments throughout the world while maintaining a competitive cost structure. VTech is established as a company with more than three decades of experience in civil and geotechnical engineering study, design, and administration, including site investigation, deep excavation, drainage works, road widening works, site formation, demolition, foundation, excavation, and lateral support works, slope and retaining wall upgrading works and superstructure. The company has managed to remain relevant in the business thanks to Allan’s leadership abilities which have contributed towards helping VTech maintain frame for more than 30 years since inception.