Joseph Lau Net Worth is$7.5 Billion
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Date of Birth: 1951
Joseph Lau was born in Hong Kong and has an estimated net worth of $7.5 billion dollars. A real estate investor, Joseph Lau is the Chairman of Chinese Estates Holdings, and owns over 60% of the company. In 2007 he made two notable purchases, paying almost $40 million dollars for a painting by Gaugin at an auction at Sotheby's, and buying a Boeing 787 Dreamliner for personal use.
Joseph Lau Luen Hung (Chinese: ???) (Born 1951 in Hong Kong with family roots in Chaozhou, Guangdong) is a billionaire Hong Kong real estate investor who owns a 61% stake in Chinese Estates Holdings. His fortune is estimated by Forbes at $4.3 billion.
In May 2007, Lau was revealed to be among the first seven purchasers of a Boeing 787 Dreamliner jet for private use. And on 7 November 2007, he made the top purchase of the evening at a Sotheby's Auction by paying $39.2 million for Paul Gauguin's Te Poipoi, a painting of a Tahitian scene.
According to the Sunday Times, Lau owns one of the world's finest red wine collections, with at least 10,000 bottles, and is an avid art collector.
May 2012 Joseph Lau is charged with bribery and money laundering in Macau.
Lau married Bo Wing-kam (24 January 1954 -- 20 April 2003) in 1977 and they were divorced in 1992. Their two children are Lau Ming-wai (b 1980) and Jade Lau Sau-yung (b.1983). Lau Ming-wai was married to Wendy from 2001 to 2010, when they divorced. The couple have twins - a son and a daughter (b 2008). Lau is vice-chairman of Chinese Estates Group and is on the steering committee of the HK$10 billion Community Care Fund, begun in 2010. In 2011, he was part of Henry Tang's election team on Tang's campaign to be chief executive.
In 2001, Joseph Lau met Yvonne Lui while she was studying in London, then aged approximately 24. The couple are not married but have two children: Lau Sau-ying (b 2002) and a son (b 2010).
Joseph Lau also has (or had) a relationship with Chan Hoi-wan, resulting in the birth of Josephine Lau Sau-wah (b 23 October 2008)

Joseph Lau Latest News

Tycoon's wealth split with sales

Chinese Estates has sold two properties for a total of HK$1.55 billion to controlling shareholder Joseph Lau Luen-hung's girlfriend Kimbie Chan Hoi-wan and his son Lau Ming-wai.A subsidiary, Paul Y, agreed to sell a residential site at 12 Shiu Fai Terrace ...
Posted: December 6, 2016, 12:25 pm

The Most Expensive Planes In The World

They sure cost a pretty penny. Let’s see what makes them so special. Also on the list of the world’s most expensive jets, the Boeing 747-8 VIP is owned by billionaire Joseph Lau from Hong Kong. This hundred million dollar private aircraft features a ...
Posted: December 3, 2016, 2:22 am

HK tycoon announces break-up in newspaper ads

A Hong Kong billionaire has placed full-page ads in local newspapers announcing his split with a girlfriend. Joseph Lau Luen-hung said he broke up with Yvonne Lui in 2014 but had given her HK$2bn ($0.26bn; £0.21bn) worth of gifts during their relationship.
Posted: November 14, 2016, 4:00 pm
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