Vincent Lo Net Worth is$2.1 Billion
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Profession: Businessperson
Date of Birth: 1948
Vincent Lo Net Worth: Vincent Lo is a Hong Kong real estate mogul who has a net worth of $2.1 billion. Born Vincent Lo Hong-shui in 1948, he is the founder of Shui On Land, a construction and building materials company. In order to start his own company, Lo borrowed a huge amount of money from his father, a real estate baron, when he came home after his graduation of the University of New South Wales, Australia, in 1969. Lo gained the first cement plant in Changqing, in 1995, and this made his company one of the China's top three cement companies. Under Lo's management, the company has accomplished various development projects in many Chinese cities, including Shanghai, Foshan, Dalian, Hangzhou, Chongqing and Wuhan. Thanks to Chinese economic growth, the company's shares have increased for 7% in the past year. Furthermore, Lo serves as the Chairman of SOCAM Development, a company interested in property, construction and cement.
Vincent LO Hong-shui GBS (born 1948) is the chairman of Hong Kong-based Shui On Group, a building-materials and construction firm. He graduated from the University of New South Wales, Australia, in 1969. Upon returning to Hong Kong, started business with the sum of HK$100,000 (US$16,700) borrowed from his father, a Hong Kong property tycoon.
In 1984, Lo began investing in Shanghai and built a hotel in partnership with the Shanghainese Communist Youth League. The Tiananmen Square crisis caused occupancy to plunge, and the league could not repay its construction loan. Lo assisted the league in dealing with the loan: Han Zheng was the Youth League secretary at the time, and is now mayor of Shanghai.
In association with Xu Kuangdi, a former Shanghai mayor, Han assisted Lo in gaining the right to develop a piece of land surrounding the hall where the Communist Party of China held its first meeting, now known as Xintiandi. The $170 million property development project is a 20,000 square meter complex of restaurants, bars and shops and is a prime entertainment spot in Shanghai.[citation needed]
In 1995, he bought his first cement plant in Chongqing, which has enabled the Shui On Group to become one of China's top three cement companies. Under Lo's direction, the Shui On Group is carrying out property development projects in other Chinese cities, such as Wuhan, Dalian, Foshan and Hangzhou, as well as Chongqing.[citation needed]
Vincent Lo and Loletta Chu married in November 2008.

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Vincent Lo Latest News

Insurer denials for hepatitis C treatment remain high

"I think much of it is a consequence of the cost of the drugs, which are anywhere from $35,000 to $100,000 for the treatment course," said Dr. Vincent Lo Re, the study's senior author and an associate ...
Posted: June 6, 2018, 10:21 pm

Not much for HK builders to gain in Bay Area, Vincent Lo says

The Chairman of Shui On Group, Vincent Lo Hong-sui, said Hong Kong's construction industry does not necessarily have large development opportunities in the Greater Bay Area, as it has not been able to ...
Posted: July 12, 2019, 12:40 pm

Shui On chairman Vincent Lo’s daughter and successor Stephanie Lo calls the shots at mainland-focused developer

Both tasks are challenging, but as the likely successor to the HK$14.4 billion (US$1.83 billion) business empire founded by her illustrious father and chairman, Vincent Lo Hong-shui, she has massive ...
Posted: May 19, 2019, 6:31 pm
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