‘Logging off from life’ ensures tech family-office entrepreneur Patrick Tsang’s success
True wealth means being happy and healthy and choosing to do what you want with people you love, Tsangs Group chairman and founder says
03:21
Hip injuries remind family office entrepreneur Patrick Tsang of importance of wellness
Entrepreneur Patrick Tsang has a decidedly positive outlook on life, which applies to both his professional and personal pursuits.
He is chairman and founder of Tsangs Group, an “innovation-focused” family office in Hong Kong, which handles investment management services for members of high-net-worth families who want to invest in technologies that promise to have a positive impact on society.
“The seven sectors we invest in are AI [artificial intelligence], biotech, renewables, mobility, robotics, software and gaming – technology that hopes to help people, help create jobs and help the ecosystem to create more positive change,” he says.
Tsang, 48, is also the author of The Global Citizen, a book published last month, which explores the cultural nuances that define today’s interconnected business world.
He has had a lot of success as an investor over the years, but he sees material wealth as simply a means to an end. “For me, true wealth is the freedom to choose what you want to do, how you want to do it and with the people that you love and you like,” he says.
“Obviously, you have to have sufficient finance to support yourself and your family, but you also want to have the freedom to challenge yourself at your work. In order to reach that goal, you have to be happy and healthy.
“You need to have physical and mental well-being, and that involves exercise, meditation, sleep, having good friends around you and reducing the negativity around you.”
These requirements are the result of Tsang’s own professional and personal journeys. “I grew up in a very traditional Chinese family,” he says. “My parents wanted the children to be healthy, and then, secondly, they wanted us to do well academically.
