Joseph Lau
$13.6B
Born
Jul 21, 1951
Age
74
Source of Wealth
Real estate
Residence
Hong Kong,
Citizenship
Hong Kong
Marital Status
Divorced
Children
6
Education
- Joseph Lau is the former chairman of property developer Chinese Estates, most of which he acquired in 1986.
- Lau owns a sizable portfolio of prime real estate in Hong Kong.
- An avid art collector, his wealth also includes pieces from Warhol, Gauguin and Hockney that are worth at least $1 billion.
- He became a billionaire in 2006 and his brother Thomas also made the billionaires' club.
- In 2017 Joseph Lau said he transferred most of his wealth to his wife and a son, citing serious health issues.
- Lau purchased a 12-carat blue diamond for a record-breaking $49 million in 2015.
- Lau was sentenced to 5 years in prison by a Macau court for bribery and money laundering in 2014, but he can't be extradited to Macau and hasn't spent a day in jail.
- Lau failed to take Chinese Estates private in 2021, when its investment in cash-strapped mainland property developer China Evergrande had $1 billion loss.
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