What is Michael Kadoorie's Net Worth?
Michael Kadoorie is a business executive and philanthropist who has a net worth of $8.9 billion. Born to business tycoon Lord Kadoorie, Michael Kadoorie serves as the Chairman of CLP Holdings Ltd., founded in 1890 by his family who still hold a 35% stake. The power firm CLP provides electricity to 75% of Hong Kong as sole operator in Kowloon and the New Territories, as well as it holds equity interests in power plants in China, Southeast Asia, Australia and India. Apart from the above, he is the Chairman of the family's second largest listed group, The Hongkong and Shanghai Hotels, which are owners and operators of the well-known Peninsula Hotel Group.
Also, he is a director of Metrojet Limited, Heliservices (Hong Kong) Limited and has started CLP Research Institute, a subsidiary of CLP Holdings which inquire into renewable energy development. Plus, he has a number of directorships in other non-Kadoorie companies. Plus, he was a member of the Council of the University of Hong Kong, which presented him with an honorary LLD in 2004.
