Lui Che Woo

About Lui Che Woo

Birth Year: 1929
Birth Place: Hong Kong, Hong Kong, Hong Kong
Residence: Hong Kong
Spouse(s): Married, 5 children

Lui Che Woo Net Worth

Lui Che Woo was bornon 1929 in Hong Kong, Hong Kong, Hong Kong. Lui Che Woo, chairman of Galaxy Entertainment Group, saw his wealth jump nearly 50% in 2016 thanks largely to recovering casino revenues. In October 2016 his Lui Che Woo Prize, which focuses on promoting "mutual respect, mutual understanding and the coexistence of technology, innovation and love," awarded $2.6 million to each of its first three laureates. "With all the world's technological advances, material riches and prosperity, [that] actually [doesn't] mean that there's peace within people," he said. Liu arrived in Hong Kong at the age of 4 and as a teenager helped support his family by selling food on the street. Today his eldest son, Francis Lui, runs the gambling side of the family's business, while his four siblings hold a variety of roles within his property conglomerate K. Wah Group.
Lui Che Woo is a member of Gaming

💰 Net worth: $20 Billion (Updated at 22 June 2018)

2010 $1.4 Billion
2011 $3.8 Billion
2012 $5.7 Billion
2013 $10.7 Billion
2014 $22 Billion
2015 $13.5 Billion
2016 $7.6 Billion
2017 $12.1 Billion
2018 $21 Billion

Some Lui Che Woo images

Biography/Timeline

1950

Lui established the first K. Wah company in Hong Kong in the 1950s. Its major member companies include K. Wah International Holdings Ltd. (Stock code: 173.HK), Galaxy Entertainment Group (HKSE: 27.HK), Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah has developed into a multi-national conglomerate involving gambling, property, entertainment & leisure, construction materials and hotels, with over 200 subsidiaries and more than 33,000 employees in Hong Kong, mainland China, Macau, North America and South-East Asia.

1960

In the 1960s, Lui branched out from construction materials to property investment. The 1980s marked entry into hotel development and expansion into mainland China the next decade. In 2002, he ventured into Macau's Gaming Business and his Business became one of the six Gaming concessionaires in Macau.

1981

Lui was Chairman of the Tung Wah Group of Hospitals in 1981-2.

1982

In 1982, Dr Lui was made a Member of the Order of the British Empire (MBE) by Queen Elizabeth and was appointed as a Justice of the Peace (JP) in 1986.

1999

In 1999, Lui provided funds for the Stanford University Medical Centre to set up Lui Che Woo Research Laboratory.

2001

In recognition of his support for education and contributions to worthwhile causes, Dr Lui has been conferred with a number of honourary degrees. In 2001, he was awarded the degree of Doctor of Laws, Honoris Causa by the University of Victoria.In 2002, Dr Lui was conferred the degree of Doctor of Social Science, Honoris Causa, by the Chinese University of Hong Kongand an Honorary University Fellowship by the University of Hong Kong.In 2004, he was awarded the degree of Honorary Doctor of Laws by Concordia University in 2004.In 2005, Dr Lui was awarded the degree of Doctor of Business Administration, Honoris Causa, by the Hong Kong Polytechnic University in 2005, as well as the degree of Doctor of Social Sciences, Honoris Causa, by the University of Hong Kong in 2016.

2002

In 2002, the Lui Che Woo Awards for CUHK/Cornell Student Exchange Programme in Hospitality Management was established to facilitate academic exchanges of the School of Hotel and Tourism Management.

2005

In 2005, Dr Lui was also awarded the Gold Bauhinia Star (GBS) for his contributions to the development of Hong Kong.

2006

In December 2006, Lui was elected to the small-circle Election Committee, in the Hotels Subsector, for the Third Term chief Executive of the Hong Kong Special Administrative Region selection process. He has also been a member of the Hong Kong Government's Steering Committee on MICE (Meetings, Incentives, Conventions and Exhibitions) from 2007.

2007

In 2007, Dr Lui was honoured as the Business Person of the Year at the DHL/South China Morning Post Hong Kong Business Awards.

2011

In May 2011, Galaxy Entertainment Group Limited opened the $2 billion Galaxy Macau casino and hotel in Macau with 2,200 rooms, 50 restaurants, 450 gambling tables, an artificial beach and a wave pool.

2012

In 2012, he was awarded the Grand Bauhinia Medal by the HKSAR Government for his significant contribution to Hong Kong.

2015

Marking K. Wah Group's 60th anniversary in 2015, Lui established the Lui Che Woo Prize – Prize for World Civilisation, in Hong Kong, an international prize said to honour and recognise individuals or organisations for, inter alia, "promotion of positive life attitude and enhancement of positive energy".