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

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Posted: January 10, 2019, 9:58 am

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Each has two children from previous marriages. HARTFORD, Conn. (AP) - A painting at a Connecticut museum that has long been thought to be by Vincent Van Gogh has been authenticated as such by Dutch ...
Posted: March 22, 2019, 12:40 pm

The Black Keys, Eric Church and more just-announced D.C. shows

After a lengthy hiatus, Ohio-bred rock duo The Black Keys returned this month with “Lo/Hi,” a ZZ Top-indebted single that ... having worked with Kendrick Lamar, St. Vincent and Flying Lotus. Get ...
Posted: March 21, 2019, 9:05 am
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