Crazy Rich Asians

Every Sunday afternoon, the Cheng family would come together without fail for lunch at the CAA. No matter how busy or hectic the week had been, everyone knew that Sunday dim sum at the Clubhouse, as they called it, was mandatory attendance by all family members who were in town. Dr. Malcolm Cheng was Asia’s most esteemed heart surgeon. So prized were his skilled hands that he was famous for always wearing lambskin gloves — made specially for him by Dunhill — to protect his precious hands whenever he ventured out in public, and he took additional measures to safeguard them from the wear and tear of driving, opting instead to be chauffeured in his Rolls-Royce Silver Spirit.

This was something his well-brought-up wife, the former Alexandra “Alix” Young of Singapore, felt to be overly ostentatious, so she preferred to call for a taxi wherever possible and allow her husband the exclusive use of his car and driver. “After all,” she was keen to say, “he’s saving people’s lives every day and I’m just a housewife.” This self-deprecation was standard behavior for Alexandra, even though she was the true architect of their fortune.

As a bored doctor’s wife, Alexandra began channeling every cent of her husband’s considerable earnings into properties just as the Hong Kong housing boom was taking off. She found that she had a preternatural talent for timing the market, so beginning in the oil-recession days of the seventies, through the Communist-panic sell-off of the mid-eighties and the Asian financial crisis of 1997, Alexandra was always snapping up properties when they hit rock bottom and selling at the peak. By the middle of the first decade of the new century, with Hong Kong property going for more money per square foot than anywhere else in the world, the Chengs found themselves sitting on one of the largest privately held real estate portfolios on the island.

Sunday lunch gave Malcolm and his wife a chance to inspect their children and grandchildren on a weekly basis, and it was a duty they undertook with utter seriousness. For in spite of all the advantages the Cheng children had growing up, Malcolm and Alexandra were constantly worrying about them. (Actually, Alexandra was the one doing most of the worrying.)

Their youngest son, Alistair, “the hopeless one,” was the pampered ne’er-do-well who had just barely scraped through Sydney University and was now doing something or other in the Hong Kong film industry. He had recently become involved with Kitty Pong, a soap-opera star who claimed she was from “a good Taiwanese family,” even though everyone else in the Cheng family doubted it, since her spoken Mandarin took on a distinctive northern China accent rather than the more cutesy inflections of Taiwanese Mandarin.

Their daughter, Cecilia, “the horsey one,” had developed a passion for dressage at an early age and was constantly dealing with her temperamental horse or her temperamental husband, Tony, an Australian commodities trader whom Malcolm and Alexandra secretly nicknamed “the Convict.” A “full-time mother,” Cecilia actually spent more time on the international equestrian circuit than raising their son, Jake. (Due to all the hours he spent with their Filipino maids, Jake was becoming fluent in Tagalog; he could also do a brilliant impression of Sinatra’s “My Way.”)

And then there was Eddie, their firstborn. To all appearances, Edison Cheng was “the perfect one.” He had breezed through Cambridge Judge Business School with distinction, done a stint at Cazenove in London, and was now a rising star in Hong Kong’s private banking world. He had married Fiona Tung, who hailed from a politically connected family, and they had three very studious, well-behaved children. But privately, Alexandra worried the most about Eddie. In the last few years, he was spending far too much time hanging around with these dubious Mainland Chinese billionaires, flying all over Asia every week to attend parties, and she worried how this might be affecting his health and his family life.

Today’s lunch was especially important since Alexandra wanted to plan the logistics of the family trip next month to Singapore for the Khoo wedding. It was the first time the entire family — parents, children, grandchildren, servants, and nannies included — was traveling together, and Alexandra wanted to make sure everything went off perfectly. At one o’clock, the family began filtering in from all corners: Malcolm from a mixed-doubles tennis match; Alexandra from church with Cecilia, Tony, and Jake; Fiona and her children from their weekend tutors; and Alistair from rolling out of bed fifteen minutes ago.