Stephen Hung a Hong Kong Billionaire and his cars
I just love these rich guys that have a fleet of cars!
Me Jamie, your host, I am English and I have lived in Hong Kong for 53 years - I know the place.
I have personally completed 2,340+ Private Tours and Experiences (over 6,000+ guests) since April 2011 and I am considered one of the finest Private Tour Guides in Asia.
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Stephen Hung a Hong Kong Billionaire and his cars
I just love these rich guys that have a fleet of cars!
Rolls Royce Ghost | Licence Plate SH with amazing wrap - front and back view
click on the image to enlarge
I am a car guy, well, a fanatic actually and I have on my Flickr site over 106,000 images of cars in Hong Kong, lets call it my hobby.
Certain car owners in Hong Kong stand out and one of them is the husband and wife team of Stephen and Deborah Hung who are pretty well known in Hong Kong and their car collection is pretty visible.
The article below is from Dim Sum Daily (a very good online news source in Hong Kong) some months ago, speculating on the legality of the wrap on his Rolls Royce Ghost.
15th January 2025 – (Hong Kong) Stephen Hung, recognised for his extravagant lifestyle and a taste echoing the bygone era of 1990s Versace, has once again stirred up online controversy. This time, the source of the uproar is his Rolls Royce, which has been converted into a multicoloured artwork by Brazilian artist Romero Britto. While the flamboyant design has garnered attention, it also raises questions about the legality of such modifications for road use, particularly given that Hong Kong law requires registered vehicle owners to notify the Transport Department within 72 hours of any changes to registration particulars, including the vehicle’s colour.
This requirement raises doubts about Hung’s compliance, as many question whether he has fulfilled these legal obligations after the transformation of his luxury vehicle, which has already been completed. It seems that the Transport Department has been lax in enforcing the law.
Netizens have responded with a mix of sarcasm and criticism, with some commenting that “money can’t buy taste,” while others have pointed out that the car appears to have originally been yellow and white. Questions have been raised about the Britto piece, with suggestions that “this car should be in a museum.” Additionally, some users expressed curiosity about what colour his vehicle registration now indicates, while others noted that Hung seems to frequently change colours, prompting discussions on the legality of such artistic modifications.
Hung, previously the joint chairman of The 13 Holdings Limited, previously faced major challenges with his luxury hotel venture in Macao. The project, envisioned as a high-end casino resort, struggled with financial difficulties and ultimately failed to secure a gaming licence, leading to bankruptcy. Despite his financial setbacks, Hung continues to attract attention through his ostentatious lifestyle.
Ever since I read about the wrap I have kept a lookout and nothing, zip, nada, so today I took a punt and stood on Chater Road in the Central Business District, one of his offices is literally 30 seconds drive from where I was stood and bingo, just after 1pm I got my imageS!
I think ir is quite stunning although to be honest I prefer the original colour scheme which is under the wrap,. my image below does not do it justice, the yellow has flecks of gold in it and the car positively shimmers, I am betting the paint job cost him a small fortune.
I have not seen any wrap on any other car that is even remotely distinctive this is a one off and absolutely fits his personality and I think it is just fabulous.
Rolls Royce Ghost | Licence Plate SH original colour scheme under the wrap
click on the image to enlarge
The World according to Grok
I am warming up to Grok AI - if you ask the right question is collates information in a very professional and seamless manner Case in point - Stephen and Deborah Hung, their lifestyle and that car collection!
Stephen Hung Hong Kong wealth, wife and car collection
Wealth
Stephen Hung, born in 1959 in Hong Kong, is a businessman with an estimated net worth of $400 million, though some sources speculate a combined net worth with his wife could reach up to $2 billion. His wealth stems from a career in investment banking (Merrill Lynch, Citi) and real estate ventures, notably as the former joint chairman of The 13 Holdings Limited, which aimed to develop the ultra-luxury Louis XIII casino resort in Macau. This $1.3 billion project faced financial difficulties and failed to secure a casino license, impacted by China's 2014 anti-corruption crackdown. He is currently chairman of SH Capital Group and vice-chairman of Rio Entertainment Group, which operates the Rio Hotel & Casino in Macau. Born to wealthy real estate investor parents, Hung’s flamboyant lifestyle earned him the title of the “world’s biggest spender” by the Washington Post in 2014.
Wife
Stephen Hung is married to Deborah Valdez-Hung, a Mexican-born former supermodel, lawyer, and businesswoman who owns an elite modeling agency, Dreamodels, servicing Asia and Europe. They met in Hong Kong when Deborah was on vacation after completing her law degree and married in 2012 at The Ritz-Carlton in Hong Kong. The couple, known for their lavish lifestyle, are cast members of Netflix’s Bling Empire: New York. Deborah is recognized for her dazzling wardrobe and high-society appearances, often seen with Stephen at events like Paris Fashion Week and the Cannes Film Festival. Stephen has two sons, Ivan and Sean, from a previous marriage, though the identities of his three ex-wives are not publicly detailed.
Car Collection
Stephen Hung is renowned for his extravagant car collection, most notably his 2014 purchase of 30 customized Rolls-Royce Phantoms for $20 million, described by Rolls-Royce as the “world’s single largest order” of their vehicles. These extended-wheelbase Phantoms were intended for his Macau resort. One standout is a pink Rolls-Royce with “DEBORAH” vanity plates, a hallmark of their flashy style. The couple frequently showcases their luxury cars, including Rolls-Royces, on social media, complementing their jet-setting lifestyle with private planes and yachts.
Additional Notes
Rumors of financial troubles, including bankruptcy and allegations of securities fraud, have surfaced, with some speculating the couple used Bling Empire filming as a pretext to leave Hong Kong. However, these claims remain unverified and should be approached cautiously. Hung’s love for luxury extends beyond cars to a $500,000 solid gold cigar lighter, crafted with Princess Tania de Bourbon Parme, holding a Guinness World Record as the most expensive of its kind. His art collection and philanthropy, particularly in education and cultural preservation, are also noted but less publicized.
Prior to the Pink Rolls Royce Phantom Deborah had a pink Ferrari, but this Rolls Royce Phantom, well shades of Lady Penelope from the Thunderbirds! The car just stands out in a Rolls Royce sort of way, it is unique and distinctive and again it fits the Hung’s personalities.
The cars shown below, well it is not the complete collection, I know of at least 2 hyper cars that I have not yet seen, it is hard to keep up with it and yes, the Toyota Alphard is for when they want to travel incognito, it is the anonymous car choice for Billionaires in Hong Kong!
Being a car guy I have zero issues with the lifestyle they have or this amazing collection of cars, it is their money and they can choose to spend it in any way that they want, the wrap on the Rolls Royce Ghost maybe a little strange but at least they can peel it off and go back to the original colour scheme.
Hong Kong would be a boring place without the likes of Stephen and Deborah Hung and their cars, I am a big fan!
Rolls Royce Phantom in pink | Licence Plate DEBORAH
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Rolls Royce Phantom in pink | Licence Plate DEBORAH
This is the amazing Deborah!
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Bentley | Licence Plate HS original colour scheme and it shimmers with gold flecks
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Toyota Alphard | Licence Plate 5555 for travelling incognito
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Ferrari - custom | Licence Plate 5555 - status unknown
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Ferrari - custom | Licence Plate DEBORAH - status unknown
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My insider tip
Please note that in general if you book a tour on Viator or Tripadvisor you generally have NO control over what guide will lead your Private Tour of Hong Kong and this is the most important component of the tour. I urge you to check the actual company website and book via their website and do not forget to read Tripadvisor reviews as well.
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