What is Joseph Lau's Net Worth?
Joseph Lau is a Hong Kong real estate investor who has a net worth of $13 billion. Born in 1951 in Hong Kong, China, Joseph Lau reportedly had a 61% stake in Chinese Estates Holdings, a major Chinese investment holding company based in Hong Kong, China-its subsidiaries principally engaging in property investment and development, brokerage, securities investment and money lending. It was revealed in 2007 that Lau was among the first of seven purchasers of a Boeing 787 Dreamliner jet for his private use and according to the Sunday Times, Lau also owns one of the world's finest red wine collections, with at least 10,000 bottles. He is also known as an avid art collector. Lau married Bo Wing-kam in 1954 and the couple divorced in 1992. They had two children, a son (born 1980) and daughter (born 1982).
In 2001, Lau met a woman many years his junior, Yvonne Lui, and the couple had a daughter (born 2003) and a son (born 2010). During the second marriage, Lau also carried on a relationship with Chan Hoi-wan and the pair had a daughter (born 2008) and a son (born 2012). That same year, Lau and former public works chief Ao Man-long were involved in a bribery and money laundering case, in which both were accused and a trial was set for 2012-13. In January 2013, it was announced that the trial would be delayed (a second time) after Lau's attorney reported that Lau was ill. The trial reportedly went forward in mid-2013 without the accused Joseph Lau during initial proceedings. In 2014, Joseph Lau stepped down as chairman and CEO of Chinese Estates Holdings of Hong Kong after he was found guilty of bribery and money laundering charges in March of 2014.
