Biography of Billionaire Joe Lau

Overview

Joe Lau is a billionaire businessman from China who made his fortune in the real estate industry. He is the founder of Chinese Estates Holdings, a property development company, and has invested in a variety of other businesses, including retail, entertainment, and hospitality. Lau is known for his extravagant lifestyle and keen business sense, which have helped him build a vast empire of companies and investments.

Early Life and Education

Joe Lau was born in 1951 in Guangdong province, China. His family moved to Hong Kong when Lau was still a child, and he grew up in the city’s bustling streets. Lau showed an early interest in entrepreneurship, and he started selling wares on the streets when he was just a teenager. He eventually enrolled in college and studied engineering, but he dropped out before graduating to focus on his business ventures.

Career and Achievements

Joe Lau’s first major success came in the 1970s when he founded a garment trading company that supplied clothing to European and North American markets. He used his profits from that venture to start investing in real estate, and he founded Chinese Estates Holdings in 1985. The company became known for buying up prime properties in Hong Kong and developing them into high-end residential and commercial buildings.

Lau also invested in other businesses, including casinos, hotels, and department stores. His investments in music and entertainment have also been successful, with Chinese Estates Holdings owning a majority stake in the largest music streaming service in China.

Joe Lau has been recognized as one of the wealthiest people in Hong Kong, and his net worth is estimated to be around $12 billion.

Personal Life

Joe Lau is known for his extravagant lifestyle, which includes a collection of expensive cars and yachts, private jets, and a love of fine art and wine. He has also been in the news for his personal relationships, including a high-profile divorce from his first wife and a lawsuit filed by his former mistress.

Despite his personal dramas, Joe Lau remains committed to his business ventures and continues to invest in a variety of industries. His vision and business acumen have helped him build a vast empire that spans multiple sectors and industries.

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