A 24 years old boy, Eric Tse, has acquired a billionaire status after he was gifted about $3.88 billion in his family company’s shares on Tuesday.
On his academics Eric Tse graduated from the prestigious Wharton School of Finance, University of Pennsylvania.
Concerning his family background and business, according to a company statement, Eric’s parents are both executive directors of Sino Biopharmaceutical Limited; and on Tuesday they gave him a fifth of the company’s total issued shares as a gift at nil consideration.
Eric who is from Hong Kong, also has a social life. He parties with Rihanna and Bella Hadid and watches basketball games with Yao Ming.
The young billionaire who apparently wants no part in the wealth rankings, is the latest member of Asia’s booming billionaire club.
The company statement said “he will endeavour not to participate in such rankings in his own name, and would recommend participating in such nominations in the name of the Tse Ping family.”
The statement suggests he wants to keep a low profile — yet as documented on Instagram, he’s been rubbing elbows with the rich and famous long before the share transfers.
To spice up his social life, in 2017, he posed with renowned models Bella Hadid and Lily Aldridge at a Bulgari party in Venice after posting a photo with singer and Fenty Beauty owner Rihanna in New York, a few months later; captioning it, “Party with my idol.”