The Chinese heir inherited a one-fifth stake in his parents’ pharmaceuticals company, Sino Biopharmaceutical, making him US$3.8 billion richer overnight.

(Photo: @erictse0816/Instagram)

Don’t let his youthful, boyish looks fool you – 24-year-old Eric Tse isn’t just a pretty face who happens to hang out with the likes of Rihanna, Bella Hadid and Carla Bruni.

In October last year, the Chinese heir inherited a one-fifth stake in his parents’ pharmaceuticals company, Sino Biopharmaceutical, making him richer than US President Donald Trump (at the time). As there are no taxes on gifts or inherited wealth in Hong Kong, where the company is based, he became US$3.8 billion richer overnight.

Eric’s new post also comes with annual salary of HK$3.9 million (or US$498,000) before bonuses. On top of that, he has been named the firm’s executive director and is now a member of the executive board alongside his parents, Tse Ping and Cheng Cheung Ling, and older sister Theresa. According to Bloomberg, the total shares of the family amount to US$8.5 billion.

What does he plan to do with his newfound wealth and does that involve any of his celebrity friends? We – along with 36.6k followers – look to his Instagram (@erictse0816) for clues.

 

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70现场的小彩蛋🥳 #国庆节 #祖国生日快乐 #阅兵 #2019

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Though certain posts seem to have been deleted following the headlining news, a few quick have managed to catch a glimpse of the glitzy side of his life. Here’s one of him wrapping his arm around supermodel Bella Hadid at a Bulgari party in Venice:

(Photo: Instagram)

And then there was the time he attended the Basketball World Cup Final 2019 with Chinese basketball legend Yao Ming.

 

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感谢邀请 感受下决赛现场 纪念一下第一次国内看live[嘿哈] #worldcup #final #beijing #china #2019

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How many people can say they have taken a selfie with queen RiRi and a cut-out of her face in New York?

(Photo: Instagram)

He has also had snapshots with Victoria’s Secret model Lily Aldridge, Princess Charlene of Monaco and former First Lady of France Carla Bruni.

(Photo: Instagram)

We don’t know if he’ll be splurging on parties, however, as the young billionaire appears to be busy attending conferences and giving talks at panel discussions these days.

 

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感謝天下為公·中華情 「2018 澳粵港台青年企業家峰會」的邀請。望兩岸四地齊榮亦興!#2018

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Born in Seattle and schooled in Beijing and Hong Kong, Eric graduated from the University of Pennsylvania’s Wharton School with a degree in finance. While there, he co-founded the Penn Wharton China Summit (PWCS), which has become one of the most widely attended conferences focusing on China in American academia.

“Something that I would do better as a freshman than a senior – I wanted to see my initiative through college and leave a legacy behind,” he said of the initiative, as reported by Chinese media. “As an international Chinese student, I thought it was best to serve my immediate community.”

 

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宾大沃顿中美峰会三岁了!这次,不再是以主席的身份,而是以一名志愿者、主持人、创始人的身份回到大家庭。看着三天峰会成功落幕时,真的百感交集、热泪盈眶。我们的主席说第一届做到了创新,第二届做到了规模,第三届做到了质量。但在我看来最重要的是完成了一个传承!一个团队为了同一个目标和使命奋斗,落幕后大家相互拥抱和鼓励的场景让我特别感动。看到一个个成员这两三年的成长更是让我兴奋。感谢不远万里到来的嘉宾以及观众,你们的参与也是我们不忘初心、栉风沐雨、砥砺前行的原动力。我们明年第四届峰会再见!#pennwhartonchinasummit #2018

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But founding PWCS wasn’t enough for the patriot, who reportedly said, “With PWCS, I created a platform to encourage students to return to China. But at the same time, I haven’t created an actual path to help them.”

After pursuing a master’s degree in global affairs at Beijing’s Tsinghua University as a Schwarzman Scholar, he took on the role of executive director at Liepin North America to assist in its aim to support jobseekers with international backgrounds. He has since taken on more leadership roles in at least five other company boards in Hong Kong, according to SCMP.

Despite his great responsibilities and even greater ambitions, Eric – like most of us – occasionally takes time off to travel. Some of his most memorable travel moments include kissing a dolphin in the Bahamas, taking a helicopter ride above the majestic Alps of Mont Blanc and basking in the views at Iceland’s Blue Lagoon.

 

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Dolphin🐬 love 第一次与海豚的合影 #2017

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The Alps #MontBlanc 阿尔卑斯山脉

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❄️🇮🇸 #bluelagoon #getaway #2018

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When not jet-setting around the world, he can be seen affectionately spending time with his pet cats.

 

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#Persian #cat #boston 从此爱上猫

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He appears to have a soft side for soft toys too…

 

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King of wonderland? #winterwonderland #london #2016

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#roundtablemeeting? #圆桌会议 ?

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Considering how we started off about his boyish looks, we’ll just leave this shot of adorable baby Eric and his sister here.

 

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Missing the olds days 突然有点怀旧🌔 @tseezers

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Keep up with Eric Tse on his Instagram @erictse0816.