Lui Che Woo net worth
Lui Che Woo Net Worth: Lui Che Woo is a Chinese businessman who has a net worth of $15 billion. Born in 1929, Lui Che Woo made his original fortune through his development company, K. Wah International, before winning one of six coveted Macau gaming licenses. As the founder of K. Wah Group, he is now the chairman of the company established in the 1950s, which currently includes K. Wah International Holdings Limited (stock code: 173.HK), Galaxy Entertainment Group Limited (stock code: 173.HK), : 27.HK), Stanford Hotels International Co., Ltd. and K. Wah Building Materials Co., Ltd. Over the years, K. Wah has grown into a multinational conglomerate with over 200 subsidiaries and over 20,000 employees in Hong Kong, Mainland China, Macau, North America and Southeast Asia. In May 2011, Lui opened his largest casino project in Macau, the Galaxy Casino and Hotel, with 2,200 rooms, 50 restaurants, 450 gaming tables, a man-made beach and a wave pool. Lv’s eldest son and vice-chairman Lv Jianhua now manages the family business’ gambling business, as well as the second phase of the mega-casino project expected to be completed in 2015. Besides being the fifth richest person in Hong Kong, Lui is a married man with five children.
Net Worth Details: Lui Che Woo owns a 37% stake in Macau casino operator Galaxy Entertainment. Woo owns a 53% stake in Hong Kong property developer K. Wah International. He is a philanthropist who has donated more than 340 million shares of Galaxy and 280 million shares of K. Wah. Lui is the owner of The Stamford Hospitality Group and The Stamford International Hotel Group, which includes the InterContinental The Stamford Hotel in Hong Kong.
