What Is Joseph Lau’s Net Worth? (Recent Reports)
|Net Worth||$13.5 Billion|
|Born||21 July 1951|
|Age||71 Years Old|
|Birthplace||British Hong Kong|
|Source of Wealth||Businessman|
Joseph Lau is a Hong Kong billionaire and the former chairman of property developer of Chinese Estates. He has an estimates net worth of around $13.5 billion in 2022.
As an avid art and wine collector, his fortune includes works by Warhol, Gauguin, and Hockney worth at least $1 billion. He is one of the “Top 200 Collectors” according to ARTnews.
Would you like to learn more about him?
Let’s explore some additional fascinating facts about Joseph Lau now that we are aware of his net worth.
Joseph Lau Biography/ Wikipedia/ Wiki
|Real Name||Joseph Lau Luen-hung|
|Also known as||Joseph Lau, Lau Luen-hung (劉鑾雄)|
|Birth Date||21 July 1951|
|Age||71 years old|
|Nationality||British, Chinese, and Hong Kong|
|Spouse/Girlfriend||Kimbie Chan (2016–present)|
|Children||6 (Lau Ming-Wai, Jade Lau Sau-Yung, Josephine Lau Sau-Wah, Lau Sau-Ying, Lau Chi-Fung)|
|Net Worth||$13.5 Billion|
How was Joseph Lau’s Early Life and Education?
Joseph Lau’s real name is Joseph Lau Luen-hung. He was born on July 21, 1951, in Hong Kong.
His father Lau Foh Wing was a businessman and real estate investor, and his mother Yip Suk Woon was a housewife.
He has two younger sisters and a younger brother named Thomas Lau.
Lau attended the University of Windsor in Canada before returning to his family’s electric fan manufacturing business in 1974.
How Did Joseph Lau Start His Career?
He renamed his company Evergo Industrial Enterprise in 1978. Lau shifted Evergo’s business focus to investment holding and property management services in 1985.
In 1986, Lau acquired a 43% stake in Chinese Estates Holdings through Evergo, turning it into the company’s majority holding.
He has since expanded his real estate holdings through a series of acquisitions. He bought a 67% stake in Chi Cheung Investment in 2000.
Chinese Estates Holdings formed The ONE (Hong Kong’s tallest retail complex) which opened in 2010.
Lau resigned as chairman and CEO of Chinese Estates in March 2014 after being convicted of bribery and money laundering by a Macau court.
His son Lau Ming-wai took over as chairman of the company. Sue Chan, Lau’s wife Kimbie’s elder sister, was appointed CEO of the company Lau founded.
Lau is an avid art collector. He is one of the “Top 200 Collectors.” according to ARTnews.
Forbes estimated the total value of his art collection at around $1 billion in 2017.
The business tycoon transferred his 75% stake in Chinese Estates to his wife and son in 2017, citing serious health issues.
Joseph Lau’s Personal Life
Lau married Bo Wing-Kam in 1977, and the couple divorced in 1992. They had two children: a son named Lau Ming-Wai (born in December 1979) and a daughter named Jade Lau Sau-Yung (born in 1983).
He has two children from his previous relationship with Yvonne Lui, whom he met in 2001. Their first child, Lau Sau-Ying was born in 2002, and a son was born in 2010.
He also had two children with his former assistant Chan Hoi-wan (aka Kimbie Chan): a daughter named Josephine (born in 2008) and a son (born in 2012).
Lau married Chan Hoi-wan (Kimbie Chan) in Hong Kong on December 7, 2016.
How Does Joseph Lau Make His Money?
His primary revenue sources from which he has earned $13.5 Billion are as follows:
- Earnings as a Businessman
- Earnings as an Investor
Joseph Lau Social Media Profiles
Success Lessons Joseph Lau
- Live your life as you please.
- Care less, do more.
Joseph Lau is the former chairman of property developer Chinese Estates, which he purchased the majority of in 1986.
I hope his success stories have inspired you to start working toward your goals.
As per recent updates, the net worth of Joseph Lau is $13.5 Billion…!
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Frequently Asked Questions
Here are some frequently asked questions about Joseph Lau, such as age, weight, height, biography, girlfriend, etc…
What is Joseph Lau’s net worth?
The net worth of Joseph Lau is projected to be more than $13.5 Billion.
What is Joseph Lau’s age?
Joseph Lau was born on 21 July 1951, and he is 71 years old.
What is Joseph Lau’s height?
There is no information about Joseph Lau’s height.
Who is Joseph Lau married to?
Joseph Lau married Chan Hoi-wan (Kimbie Chan) in Hong Kong in 2016.
How did Joseph Lau obtain his wealth?
Lau began his career in real estate in 1978, which brought him a fortune. His collection includes everything from antique furniture and gemstones to paintings and sculptures. Lau parted ways with David Hockney’s California pool painting The Splash (1966) at Sotheby’s London in 2020.
Where is Joseph Lau from?
Joseph Lau is from Hong Kong, China.
(PS: This is not Joseph Lau‘s precise net worth.)