Lawrence Ho

Net worth over time

Biography

• Lawrence Ho controls Nasdaq-listed casino operator Melco Resorts via Hong Kong-listed Melco International Development.
• His partnership with Australian billionaire James Packer, Melco Crown, ended in 2017 after developing four casinos.
• Melco Resorts runs three casino-resorts in Macau plus the Mocha chain of slot machine clubs and City of Dreams Manila.
• The company has also expanded into Europe, opening in 2023 a $660 million hospital and gaming complex in Cyprus.
• EV maker Vinfast, controlled by Vietnam's richest man Pham Nhat Vuong's Vingroup, merged with Ho's Black Spade in a $23 billion SPAC listing on Nasdaq in 2023.
• Ho left investment banking for gaming in 2003, under the license of his late father, casino mogul Stanley Ho, before Melco got a license in 2006.
• Lawrence Ho is the oldest living son of the late Macau casino kingpin Stanley Ho, who fathered 17 children by four women.
• Melco's origins and name trace to Macau Electric Company, listed on the Hong Kong stock market in 1927.

Financial assets