Hui Wing Mau Net Worth is4,000 $Million
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Birth Date: 1950
Birth Place: PRC Shishi City, Fujian Province, People's Republic of China
Occupation: Founder & Chairman of Shimao Property
Networth: date
SHORT DESCRIPTION: Chinese businessman
PLACE OF BIRTH: Shishi City, Fujian Province, People's Republic of China
Xu Rongmao, JP (Traditional Chinese: e??ae?(R)e??; Simplified Chinese: e(R),e??e??) (born in Shishi, Fujian, China in 1950), Hui Wing Mau in Cantonese translation, is the Chinese entrepreneur and billionaire, and the founder and the chairman of Shimao Property, one of the largest property developer in Shanghai.
Xu grew up in Fujian Province, the oldest of the eight children. After graduating from high school during the Cultural Revolution in the 1960s, he was sent to the countryside to work as a barefoot doctor. In the 1970s, he emigrated to Hong Kong and worked as a textile worker.
In 1988, he claimed to invest RMB$1.2 million in a knitting factory in his hometown, but he intended to build a hotel instead, although investments in private hotels were forbidden at that time. However, as soon as the construction was completed, the government policy was changed to allow private owners to have their hotels. Then Xu became the owner of the first private three-star hotel in China. He then started to invest into developing residential complexes and resorts in Fujian.
In the 1990s, he pushed his real estate business into Beijing and Shanghai just before housing prices rose up.
In the 2000s (decade), he expanded his business by acquiring listed companies and changing their names. They are Shimao Holdings (listed on the Shanghai Stock Exchange) and Shimao International (previously listed on the Hong Kong Stock Exchange), while the latter was privatized by him in 2007. His third company, Shimao Property, was listed on the Hong Kong Stock Exchange in 2006.

On 14 September 2008, it was rumoured he was interested in buying Newcastle United from under fire owner Mike Ashley.

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Hui Wing Mau Latest News

Kicking off work on ‘China’s future tallest building’, Hong Kong tycoon Hui Wing-mau lauds bay area plan

Hong Kong property tycoon Hui Wing-mau on Monday urged the city’s young people and entrepreneurs to seize opportunities afforded by the “Greater Bay Area”, as he kicked off work on China’s next top ...
Posted: March 26, 2018, 9:15 pm

Billionaire takes stake in Bindaree Beef

The Shimao Group was founded by Australian billionaire Hui Wing Mau, who was ranked eighth on the Financial Review's 2017 Rich List, with a fortune of $5.96 billion. Mr Hui lives in Hong Kong. The ...
Posted: August 31, 2017, 9:18 pm

Ningxia, a stop on ancient Silk Road, counts on history and location as Belt and Road comes to town

And the autonomous region will benefit from its strategic location and history, according to Hui Wing-mau, chairman of Shimao Property Holdings. “We have been investing in Ningxia since 2013 – We have ...
Posted: April 25, 2019, 5:50 am
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