Martin Lau
$4.2B
Born
Apr 01, 1973
Age
52
Source of Wealth
Internet
Residence
Hong Kong,
Citizenship
Hong Kong
Marital Status
Children
0
Education
Master of Business Administration, Kellogg School of Management; Master of Science in Engineering, Stanford University; Bachelor of Science in Engineering, University of Michigan
- Martin Lau is the president of Chinese internet giant Tencent.
- He became a billionaire for the first time in 2017 after Tencent shares jumped by a third over the previous year.
- Beijing-born Lau grew up in Hong Kong and was educated in the U.S. He left Goldman Sachs to join Tencent as chief strategy and investment officer in 2005.
- Tencent's growth was hit amid China's crackdown on tech companies in 2021, but it managed to make a comeback by introducing new games and selling more ads on the popular WeChat messaging app.
- He sits on the board of several Hong Kong- and overseas-listed companies, such as online discount retailer Vipshop.
- Lau was once nicknamed the "Salary King" for making his fortune as an employee rather than a founder.
- After dominating the Chinese instant-messaging sector with its WeChat app, Tencent grew to become one of the world's largest purveyors of online gaming.
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