Eric Cheng – Profile and Financial Summary
| Full Name | Eric Cheng |
|---|---|
| Date of Birth | January 9, 1975 |
| Nationality | Singaporean |
| Occupation | Entrepreneur, Developer, CEO |
| Major Companies | Carsome, Sevens Group, CapitalX |
| Industries | Automotive, Property, Cryptocurrency |
| Known For | Co-founding Carsome, Building Sevens Group |
| Net Worth Estimate | Estimated in excess of $200 million (as of 2025) |
| Key Assets | Luxury properties, crypto exchanges, VC investments |
| Spouse | Lena Cheng |
| Children | Two sons – Ethan and Edgar |
| Source/Reference | Tatler Asia |
Eric Cheng’s journey over the last ten years has demonstrated a level of ambition and speed that few business owners maintain. His ascent from airline cabins to boardrooms has been exceptionally rapid, remarkably successful, and profoundly motivating for Southeast Asian business circles. His alleged net worth of over US$200 million is not only the result of audacious investments but also of a persistent mindset driven by intuition and foresight.
Cheng could scarcely have predicted becoming the face of one of the fastest-growing auto tech companies in the region during his years working as a flight attendant for Singapore Airlines. He was pushed toward business and leadership after a fortuitous meeting with a monk in midair turned into a surprisingly prophetic spark. Now, that fleeting instance seems like a crucial part of a longer story of transformation.
Eric had already constructed and sold a real estate company for S$30 million by 2014. Rather than slowing down, he started Sevens Group, which soon came to be associated with upscale, visually stunning residences in Singapore. Inscribed on phone numbers, license plates, and even development sites, Sevens Group was more than just a business; it was a manifestation of Eric’s lifelong fascination with the number seven. In addition to being unified, his branding approach was strikingly appealing.
His taste in architecture is surprisingly direct. He frequently travels across continents and takes pictures of unexpected design elements, such as elegant toilet handles, decorative towels in Tokyo, and wrought iron gates in Venice. Back at Sevens Group, where he personally sketches concepts before delivering them to architects, these odd moments serve as fuel for the creative process. As a result, there are soulful, artistic, and livable homes.
His business endeavors have grown significantly in recent years. With a risk appetite that would make even experienced investors shudder, Cheng sold his personal home and vehicles in 2018 to pay US$50 million for BitTrade and FXTrade Financial, both based in Japan. He not only recouped his investment but also made an exceptionally quick return by selling those holdings to cryptocurrency behemoth Huobi in three months.
After that, he established CapitalX, a blockchain-focused venture capital fund. By making calculated investments in ECXX.com and the cryptocurrency exchange ABCC, he greatly expanded the diversification of his assets. He is creating an ecosystem that encompasses both digital disruption and physical space by fusing tech-centric endeavors with traditional real estate tactics.
But carsome continues to be a focal point. The business, which was started in 2015 with a US$350,000 seed fund, has expanded remarkably quickly. Following a significant agreement with iCar Asia, Carsome became Malaysia’s first tech unicorn in 2021, with a valuation of US$1.7 billion. With its smooth valuation, financing, inspections, and even car delivery services, the company drastically simplified the used car market in Malaysia, Singapore, Thailand, and Indonesia.
Carsome greatly decreased the conventional annoyances associated with used car sales by utilizing digital platforms. This shift was especially helpful for medium-income households in Southeast Asia because it made it easier to obtain reliable used cars, which is crucial in areas where mobility is a necessity for a living.
In terms of entrepreneurship, Cheng’s strategy seems surprisingly up to date. He makes significant investments in his team and strikes a balance between discipline and vision. Instead of micromanaging tasks, he lays out the bigger picture and allows his team members to be creative. Long-term loyalty and team morale have significantly increased under this leadership style. His approach is straightforward but remarkably successful: when the business succeeds, everyone in the team eats together, and effort is rewarded.
A significant part of Eric’s journey is his family. His emotional compass is still his wife Lena and their two young sons, Edgar and Ethan. In order for each child to eventually run one of the businesses, Cheng frequently jokes that he is constructing one in Singapore and another in Australia. Despite its humorous appearance, this remark conveys a deeper objective: legacy. He’s creating a foundation for success that will last for generations, not just accumulating wealth.
His business endeavors in Australia are especially bold. The renovation of Jojo’s Café by the Swan River in Perth is one notable example. Sevens Group has set aside A$37 million to turn the iconic location into a high-end waterfront resort with floating hotels, fine dining establishments, and recreational marinas. This project represents a daring combination of architecture, tourism, and heritage preservation—a combination that is anticipated to significantly increase Sevens Group’s profile in Western Australia.
Eric selects partners who share his vision and pace by emphasizing relationships based on quality, urgency, and trust. His requirements are very clear: mutual respect, quick execution, and no quality compromises. These principles, which have been honed through years of trial and error as an entrepreneur, guarantee that every project reflects his integrity both personally and professionally.
Eric has developed a network through strategic alliances that consistently improves his financial position and power. He likes to say, “Network equals net worth,” and his connections in a variety of fields, from construction to cryptocurrency, have grown into self-reinforcing success factors.
