Billionaire Chinh Chu: Singer Cam Ly's brother-in-law, making Donald Trump "pale" and Wall Street "reluctant"

Chu is the husband of singer Ha Phuong (sisters of singers Cam Ly and Minh Tuyet). The billionaire husband and wife often return to Vietnam to participate in charity activities in many poor rural areas.

Chinh E. Chu (Chinh Chu) was born in 1966 in Vietnam. In 1975, his parents and 6 children immigrated to the US with a capital of only a few hundred dollars. The difficult life made Chinh Chu more determination and effort to succeed. During his schooling, Chinh Chu accepted to sell books at retail and deliver them to his house to earn money.

Chinh Chu has a bachelor's degree in finance with distinction from the University of Buffalo, a public and relatively unknown financial institution in New York (USA).

Therefore, this billionaire once shared, when he was in school, he never thought he could join the financial field on Wall Street. For him, only excellent individuals, well-trained in finance at leading universities such as Harvard, Cornell, Wharton, Yale... have the opportunity to join Wall Street.

Also because he came from a not-so-famous school in the financial industry, Chinh Chu faced many difficulties when applying for a job. "I applied 15 sets of applications to financial firms on Wall Street and received 15 rejection letters." But this did not make him give up, but he became more interested in this field.

After 15 failed job applications, he was accepted to work in the merger and acquisition department of Salomon Brothers in 1988. In 1990, the opportunity brought Chinh Chu to the financial field when he "joined" the company. for Blackstone Financial Group.

"I met Chinh Chu for the first time at Salomon Brothers when he graduated just over a year ago. He is a smart, brave person who always strives to achieve all goals" - Steve Schwarzman, CEO of Blackstone once commented. about your partner.

Even Wall Street has to "abstain"

With his sharp analytical ability, after more than 20 years working at Blackstone, Chinh Chu is not only one of the most successful Vietnamese in the US, but also makes Wall Street "reluctant".

Chu himself used to hold the position of Chairman and Senior Director of Asset Management of Blackstone Financial Investment Group. Under the direction of Chinh Chu, Blackstone has completed many major acquisitions such as the $4.2 billion acquisition of Ondeo Nalco; acquisition of German chemical group Celanese for $3.8 billion.

In addition, Chinh Chu also contributed to Blackstone's success in acquiring SunGard Data Systems Inc. for $ 11 billion or a syndication to buy pharmaceutical companies Nycomed and Catalent Pharma Solutions ($ 3.3 billion), DJ Orthopedics ($ 1.6 billion) ...

In 2013, Chinh Chu became the "director" for the plan to acquire Dell Computer Corporation for about 25 billion USD. Although Blackstone eventually pulled out of this deal and made way for Silver Lake Management, what Chinh Chu did still caused the whole Wall to "be cautious".

Not only that, he is also known as "an anonymous trader" who spent $ 34.3 million to buy the whole 89th floor, half of the 90th floor at Trump World Tower, making billionaire Donald Trump "hot". However, after unsuccessful attempts to buy the remaining half of the floor, Chinh Chu spent another 5 million USD to increase the space on the roof of the building, bringing the total cost to 39.3 million.

According to Bloomberg news, last November, Chinh Chu resigned from Blackstone, but he still holds the position of Senior Advisor at this Group. Chu himself said that he wants to seek challenges in new areas, including the non-profit sector. Currently, this billionaire's net worth is up to 1.1 billion USD.

Not only is a famous Vietnamese-born businessman in the US, but Chinh Chu is also a philanthropist. He and his sister founded Vietnam Relief Effort, a non-profit organization that helps build schools, provide healthcare for veterans, and train doctors in Vietnam.

Chu is the husband of singer Ha Phuong (sisters of singers Cam Ly and Minh Tuyet). The billionaire husband and wife often return to Vietnam to participate in charity activities in many poor rural areas.

The successful lesson of Chinh Chu is to always persevere in pursuing the goal. "Only if you have a goal and persistently follow it, success will never turn its back on you" - this billionaire shared.

As a person who loves his wife very much, billionaire Chinh Chu does not regret investing in singer Ha Phuong both in his career, passion and daily life. He was even willing to invest a large amount of money for his wife to make the movie "Forbidden Love" according to Hollywood standards when Ha Phuong expressed her desire to do art.

Coming up from difficulties, billionaire Chinh Chu never forgot his roots. He always said that it was his family that was the foundation that helped him achieve the success he is today.

"We have to thank the previous generation, my father and mother, who worked so hard in foreign countries to succeed. Their success is more important than my success, because they paved the way for me. , the next generation, easier to step forward," Mr. Chinh Chu expressed.

In addition, Mr. Chinh Chu also regularly organizes and runs charity activities with his wife. Currently, his family has two funds: Vietnam Relief Effort founded by him and his sister Kathy Chu and Ha Phuong Foundation founded by his wife.

Currently, despite being "aged", singer Ha Phuong - his wife Chinh Chu still possesses a youthful beauty, a cheerful spirit and a full life that many people wish for.

Although she did not let her husband and children appear on social networks and media a lot, the singer said that she is lucky to have a caring partner who loves her wife and children wholeheartedly.

On holidays, billionaire Chinh Chu always creates the best conditions for Ha Phuong to return home to be close to relatives, meet colleagues and go to charity. On days when he is not busy with work, he often stays at home with his wife and children to watch movies, cook...

At the present time, when returning to more showbiz activities, Ha Phuong is not pressured about money and fame but just to satisfy her passion.

She is also somewhat more secure when her children enter adulthood and need their own space, so Ha Phuong has more time to return to art.

Ha Phuong once shared: "Chinh and I divide the financial expenditure in the family very clearly. He will take care of the big things. And I take care of the small things in the family. Everything in the husband and wife's house. Regarding his work, although I don't know much, when making important decisions, he always discusses and respects his wife's opinion.

He has only one bad habit of being short-tempered. Sometimes I am also very angry, but when I see him working so hard, so stressed, my heart calms down. I am not afraid to yield to my husband to keep the family harmony. After each "hot temper", he apologized and loved me even more.

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