How an Accused Kingpin Built an Empire from Cambodia to London
Chen Zhi carefully crafted a facade of legitimacy that is now falling apart after the U.S. accused him of leading a transnational criminal network.
Three years ago, Cambodian Prime Minister Hun Sen presented luxury watches made locally to world leaders during a regional summit in Phnom Penh, including Joe Biden. Each Lotus Tourbillon watch featured 25 jewels and a crown-shaped logo of the Cambodian conglomerate Prince Holding Group etched into its parts.
After receiving the watch, Biden donated it to the U.S. National Archives, along with other items valued at $1,790. These gifts, produced by a watchmaking school founded by Prince Group, highlight how the company and its China-born chairman, Chen Zhi, connected with influential circles worldwide.
Chen Zhi’s Business and Influence
- At 37 years old, Chen Zhi meticulously fostered an image of philanthropy and respectability.
- He cultivated ties with key individuals and organizations, expanding his network.
- Chen's assets included properties from a London office tower to luxury apartments across Singapore and Taiwan.
- He managed a sprawling business empire covering locations from Palau’s beaches to Hong Kong's financial district.
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Author’s summary: Chen Zhi’s carefully constructed image of legitimacy masks allegations of criminal activity across global business ventures, revealing the thin line between influence and notoriety.