KATHMANDU, MAY 17

A billionaire Vietnamese American businessman today scaled Mt Everest as he was guided by the record-holding Sherpa climber, sources at the base camp revealed.

Leader in the finance world, Chinh Chu, Founder and Managing Director of CC Capital, stood atop the world's highest peak along with 27-time Everest Summiteer Kami Rita Sherpa at around 8:30am, sources said. The billionaire client is with Seven Summit Treks/14 Peaks Expedition.

Chinh Chu, who has an estimated net worth of US$1.2 billion, has earned his net worth as Senior Managing Director & Co-Chair in the Private Equity Group at Blackstone Group LLC's. Chu worked at Salomon Brothers in the Mergers & Acquisitions Department, before moving on to Blackstone in 1990. Now, Chinh Chu is the Founder and Senior Managing Director at CC Capital. He attended the University at Buffalo.