Lui Che Woo

$13.90 B

Ranked #128 in World

About Lui Che Woo

Renowned Hong Kong tycoon Lui Che Woo, worth US$19.0 billion, chairs Galaxy Entertainment and K. Wah International, with expansive operations in gaming, construction, and hospitality. His business acumen transformed a 1950s company into a global empire, employing over 33,000 across Asia and North America. A philanthropic force, Lui established prestigious awards, educational institutes, and the Lui Che Woo Prize for world civilization. He's been honored with top civic awards, demonstrating a lifetime of business excellence and community service.

Born

April 01, 1929

Source Of Wealth

Casinos, Hotels

Industries

Gambling & Casinos

Citizenship

Hong Kong

Residence

Hong Kong

Lui Che Woo, a prominent Hong Kong business magnate, investor, and philanthropist, was born in Jiangmen, People's Republic of China. His early years and childhood were spent in a humble environment, shaping his character and instilling in him a strong work ethic.

Lui Che Woo: Family

Lui Che Woo comes from a close-knit family. He is married and has children who have followed in his footsteps, contributing to the success of his business ventures.

Lui Che Woo: Career Highlights

Lui Che Woo's career is marked by a series of remarkable achievements. He established his first K. Wah company in Hong Kong during the 1950s, which later grew into a multi-national conglomerate. His business acumen led to the expansion of K. Wah into various industries, including gambling, property, entertainment & leisure, construction materials, and hotels.

In 2002, Lui Che Woo ventured into Macau's gaming business, becoming one of the six gaming concessionaires in the region. This move further solidified his position as a prominent figure in the industry.

Lui Che Woo: Companies

Lui Che Woo's business empire encompasses several major companies. K. Wah International Holdings Ltd., Galaxy Entertainment Group, Stanford Hotels International, and K. Wah Construction Materials Limited are among the key players in their respective industries.

K. Wah has grown into a global conglomerate with over 200 subsidiaries and 33,000 employees across Hong Kong, mainland China, Macau, North America, and South-East Asia.

Lui Che Woo: Major Achievements

Lui Che Woo's major achievements include transforming K. Wah from a construction materials company into a diversified conglomerate. His successful ventures in property investment, hotel development, and the gaming industry have contributed to his prominence in the business world.

In 2011, Lui Che Woo opened the $2 billion Galaxy Macau casino and hotel, further solidifying his position in the gaming industry.

Lui Che Woo: Awards & Achievements

Lui Che Woo's contributions have been recognized through numerous awards and achievements.

He was made a Member of the Order of the British Empire (MBE) by Queen Elizabeth in 1982 and appointed as a justice of the peace (JP) in 1986.

In 2005, he was awarded the Gold Bauhinia Star (GBS) for his contributions to the development of Hong Kong. He was also honored as the Business Person of the Year at the DHL/South China Morning Post Hong Kong Business Awards in 2007.

In 2012, Lui Che Woo received the Grand Bauhinia Medal from the HKSAR Government for his significant contribution to Hong Kong.

Lui Che Woo: Personal Life & Legacy

Lui Che Woo is known for his philanthropic endeavors and support for education. He has provided funds for various institutions, including Stanford University Medical Center and the Chinese University of Hong Kong.

In 2015, he established the Lui Che Woo Prize – Prize for World Civilisation in Hong Kong, an international prize recognizing individuals or organizations for promoting positive life attitudes and enhancing positive energy.

Lui Che Woo's legacy is one of entrepreneurship, philanthropy, and a commitment to the betterment of society.

Lui Che Woo: Trivia

Lui Che Woo is a member of the standing committee of the Chinese People's Political Consultative Conference, Jiangmen, People's Republic of China.

He is also the chair of the Tung Wah Group of Hospitals and the founding honorary president of the University of Hong Kong Foundation of Educational Development and Research.

Lui Che Woo's estimated net worth as of June 2021 is US$19.0 billion, making him the 4th richest man in Hong Kong.

Wealth History

Timeline

1950s

Established the first K. Wah company in Hong Kong.

1960s

Branched out from construction materials to property investment.

1981-1982

Chair of the Tung Wah Group of Hospitals.

1980s

Entered hotel development.

1990s

Expanded into mainland China.

1999

Provided funds for the Stanford University Medical Center to set up the Lui Che Woo Research Laboratory.

2001

Awarded the degree of Doctor of Laws, Honoris Causa by the University of Victoria.

2002

- Established the Lui Che Woo Awards for CUHK/Cornell Student Exchange Programme in Hospitality Management.- Founding honorary president of the University of Hong Kong Foundation of Educational Development and Research.

2004

Awarded the degree of Honorary Doctor of Laws by Concordia University.

2005

- Awarded the degree of Doctor of Business Administration, Honoris Causa, by the Hong Kong Polytechnic University.- Elected to the small-circle Election Committee for the third term chief executive of the Hong Kong Special Administrative Region selection process.

2006

Member of the Hong Kong Government's steering committee on MICE (Meetings, Incentives, Conventions, and Exhibitions).

2007

Honored as the Business Person of the Year at the DHL/South China Morning Post Hong Kong Business Awards.

2011

Opened the $2 billion Galaxy Macau casino and hotel in Macau.

2012

- Donated to the Chinese University of Hong Kong for the establishment of the Lui Che Woo Institute of Innovative Medicine.- Awarded the Grand Bauhinia Medal by the HKSAR Government for his significant contribution to Hong Kong.

2015

- Established the Lui Che Woo Prize – Prize for World Civilisation in Hong Kong.- Pledged HK$15.6 million to the Chinese University of Hong Kong to establish the Lui Che Woo Distinguished Young Scholars Award and the Lui Che Woo Distinguished Young Scholars Research Scholarship.

2016

Awarded the degree of Doctor of Social Sciences, Honoris Causa, by the University of Hong Kong.

Lui Che Woo : FAQs

What is Lui Che Woo's net worth?

As of 2023, Lui Che Woo's net worth was $13.90 billion.

What are Lui Che Woo's main sources of wealth?

Lui Che Woo's main source of income comes from Casinos, Hotels.

In which industry does Lui Che Woo primarily operate?

Lui Che Woo is primarily involved in the Gambling & Casinos industry.

How many children does Lui Che Woo have?

Lui Che Woo has 5 children.

Who is Lui Che Woo and what is his major business accomplishment?

Lui Che Woo is a Hong Kong business magnate, investor, and philanthropist, known for founding and chairing major firms such as Galaxy Entertainment Group and K. Wah International Holdings Ltd. He is recognized for transforming K. Wah into a multinational conglomerate with interests in various sectors, including gambling and property investment.

How has Lui Che Woo impacted the public sector and higher education in Hong Kong?

Through various roles such as chairing the Tung Wah Group of Hospitals and serving on the board of multiple universities, Lui Che Woo has significantly impacted public service and education. His contributions include establishing the Lui Che Woo Distinguished Young Scholars Award and promoting educational development and research.

What philanthropic contributions has Lui Che Woo made to healthcare and the promotion of world civilization?

Lui Che Woo has made noteworthy philanthropic contributions, including funding the establishment of the Lui Che Woo Research Laboratory at Stanford University Medical Center and creating the Lui Che Woo Prize - Prize for World Civilisation, recognizing global contributions to positive life attitudes and energy.

What recognition has Lui Che Woo received for his support in education and other various achievements?

Lui Che Woo has received numerous honorary degrees from prestigious institutions for his support in education and has been recognized with awards such as the Member of the Order of the British Empire and the Grand Bauhinia Medal for his significant contributions to the development of Hong Kong.