Chen Feng • Net Worth $1.7 Billion • House • Yacht • Private Jet • HNA Group

Name:Chen Feng
Net Worth:$1.7 billion
Source of Wealth:HNA Group
Born:June 1953
Residence:Hong Kong
Private Jet:Unknown

Delving into the Story of Chen Feng

Born in June 1953, Chen Feng is widely recognized as the founder of HNA Group, one of the leading conglomerates of China. Despite facing significant challenges, Feng made an indelible mark in the business world, especially in the airline industry, before meeting an unfortunate series of events.

Key Takeaways:

  • Chen Feng, the founder of HNA Group, made his mark in the business world through his significant contributions to the airline industry.
  • The HNA Group consolidated several China-based airlines, including Chang’an Airlines and China Xinhua Airlines, to form the renowned Hainan Airlines.
  • HNA Group diversified its portfolio, with investments such as becoming a shareholder at Deutsche Bank.
  • Unspecified accusations of wrongdoing led to Chen Feng’s arrest and the bankruptcy of HNA Group, which was eventually divided into four components in 2021.
  • At his peak, Chen Feng’s net worth was an impressive $1.7 billion.
  • He was the owner of the Lohengrin yacht.

Tracing the Evolution of the HNA Group

The HNA Group, under Feng’s astute leadership, evolved into a holding company for an array of China-based airlines, such as Chang’an Airlines and China Xinhua Airlines. This consolidation process culminated in the formation of Hainan Airlines, a prominent player in the global aviation industry.
Chen Feng, however, wasn’t satisfied with just ruling the skies. His ambitious vision led HNA Group to diversify and venture into other business sectors. One such noteworthy investment was becoming a shareholder at Deutsche Bank, a leading global banking and financial services company.

Yet, every rise comes with its own share of trials. Accusations of wrongdoing started surfacing, marring the success of Chen Feng and HNA Group. Although the exact nature of these accusations was never disclosed, they had a devastating impact. Chen Feng was subsequently placed under arrest, and HNA Group was declared bankrupt.

In a dramatic turn of events, following a bankruptcy court order in 2021, HNA Group was fragmented into four distinct components, a far cry from its former unified and powerful self.

The Financial Journey of Chen Feng

During his peak, Chen Feng’s financial prowess was undisputed. His net worth was estimated at a staggering $1.7 billion, placing him among the wealthiest individuals in China. This financial success, however, was short-lived due to the eventual downfall of HNA Group.


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Chen Feng

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Chen Feng House

Chen Feng Yacht

He was the owner of the Trinity yacht LOHENGRIN. He sold the yacht in 2019. She was refitted, but a fire destroyed her.

The LOHENGRIN Yacht was a magnificent creation by Trinity Yachts, brought into existence in 2006 and sadly destroyed in a fire in 2019.

M/Y LOHENGRIN was powered by Caterpillar engines, capable of reaching a max speed of 20 knots and a cruising speed of 12 knots, with a range of over 3,000 nm.

LOHENGRIN was designed to house 12 guests and a crew of 14, encapsulating the essence of luxury.