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Sir David and Lady Tang and family
Fashion, Restaurants
Rank 2017
245=
Worth
£500m
Rise/fall
New
Frequently referred to as “Britain's best-connected man”, Tang arrived in the UK from Hong Kong at the age of 13, speaking no English. He was educated at the Perse School in Cambridge, where he failed his English O-level six times, then King’s College London. After a period teaching in Beijing he made his first fortune from the Shanghai Tang fashion label, selling it in 2006.
   Consummate networker Tang’s friends encompass a large section of Who’s Who and include Kate Moss, Mariella Frostrup, Stephen Fry, Richard Caring (qv) and Prince Charles. He owns restaurants and clubs, among them China Tang in the Dorchester in Mayfair and the China Club in Hong Kong and Singapore. He also founded the “lifestyle” retailer Tang Tang Tang Tang, a name inspired by the opening bars of Beethoven’s Symphony No 5.
   Tang, 62, a generous donor to charity, is a grandson of the philanthropist Tang Shiu-kin, who founded the Kowloon Motor Bus Company, the biggest bus firm in Hong Kong. He is an art connoisseur and the Financial Times’s “agony uncle”. A bon vivant known for his love of cigars, he is a teetotaller and has had a liver transplant.
   He was introduced to his Essex-born second wife Lucy by Tania Foster-Brown, once a key aide to Sir Philip Green (qv). They married in 2003. Lucy, whose family founded the Essex-based paint manufacturer CW Wastnage, has run endurance races for charity, including a Sahara marathon. The couple have a home in Belgravia but spend much of their time in Hong Kong. Sarah Ferguson was a guest at the 2015 wedding in Beijing of Tang’s daughter Victoria, one of two children from his first marriage.