Stanley Ho & family

About Stanley Ho & family

Birth Day: November 25, 1921
Birth Place: Hong Kong
Birth Sign: Sagittarius
Native name: 何鴻燊
Education: Queen's College, Hong Kong
Alma mater: University of Hong Kong
Occupation: Entrepreneur
Spouse(s): Clementina Leitão† (1942-2004) Lucina Azul Jean Ying (1957-present) Ina Chan Un-chan (1977-present) Angela Leong On-kei (1988-present)
Children: By his 1st wife: - Jane Ho Chiu-ying† - Robert Ho Yau-kwong† - Angela Ho Chiu Yin - Deborah Ho Chiu-hung by his 2nd wife: - Pansy Ho Chiu-king - Daisy Ho Chiu-fung - Maisy Ho Chiu-ha - Josie Ho Chiu-yi - Lawrence Ho Yau-lung by his 3rd wife: - Florinda Ho Chiu-wan - Laurinda Ho Chiu-lin - Orlando Ho Yau-kai by his 4th wife: - Sabrina Ho - Arnaldo Ho Yau-heng - Mario Ho Yau-kwan - Alice Ho Chiu-yan
Parent(s): Ho Sai-kwong Flora Sin
Relatives: Ho Fook (grandfather) Sir Robert Ho (grand-uncle)
Traditional Chinese: 何鴻燊
Simplified Chinese: 何鸿燊
TranscriptionsStandard MandarinHanyu PinyinYue: CantoneseJyutping: Transcriptions Standard Mandarin Hanyu Pinyin Hé Hóngshēn Yue: Cantonese Jyutping Ho4 Hung4 San1 Hé HóngshēnHo4 Hung4 San1
Hanyu Pinyin: Hé Hóngshēn
Jyutping: Ho4 Hung4 San1

Stanley Ho & family Net Worth

Stanley Ho & family was bornon November 25, 1921 in Hong Kong. Fortunes of Macau and its casino king rebounding thanks to new political leadership in gambling mecca and hopes for economic recovery. Net worth also up due to better information on private holdings, particularly those held through his STDM, which bought Mandarin Oriental Hotel in Macau last year, renaming it Grand Lapa; also has real estate in China. Hospitalized briefly late last year, causing speculation about succession. In Macau, Ho serves as vice chairman of Macau International Airport, the co-chairman of the advisory committee of Seng Heng Bank and the chairman of Macau Horse Racing Co. In Hong Kong, he has been the president of the Real Estate Developers Association since 1984. Ho is honorary lifetime chairman of the University of Hong Kong Foundation for Educational Development and Research.

💰 Net worth: $2 Billion

Some Stanley Ho & family images

Biography/Timeline

1942

In 1942 Ho married his first wife, Clementina Leitão, a woman from a prestigious Portuguese family – her grandfather was a Lawyer and was Macau's only notary public at the time. They had four children. Leitão was involved in a motor vehicle accident in 1973, and suffered partial memory loss as a result. In 1981, Ho's and Leitão's son Robert and daughter-in-law Suki Potier died in a car accident. Leitão died in 2004.

1943

Ho began clerical work at a Japanese-owned import-export firm in Macau. He made his first fortune smuggling luxury goods across the Chinese border from Macau during World War II. In 1943 he set up a Kerosene company and established a construction company with his money.

1950

In the late 1950s Ho met his second wife Lucina Azul Jean Ying née Laam King-ying, whom he legally married in Hong Kong in 1962 via a legal loophole rooted in the Great Qing Legal Code. The marriage resulted in five children including daughters Daisy Ho, to whom Ho ceded the chairmanship of SJM, and Pansy Ho, a 50 percent partner in MGM Macau; son Lawrence Ho, CEO of Melco Crown Entertainment Ltd, another Macau-based casino company; and Josie Ho (何超儀), a rock singer and award-winning Actress.

1961

Ho, along with partners, including Hong Kong tycoon Henry Fok, Macau gambler Yip Hon and his brother-in-law Teddy Yip, bid for Macau franchises. By bidding high and promising to promote tourism and to develop infrastructure, they won the public tender for Macau's Gaming monopoly at a cost of approximately (US?)$410,000, defeating the longtime Macau casino barons, the Fu family. In 1961 the company was renamed Sociedade de Turismo e Diversões de Macau, S.A.R.L. (STDM). Business at its flagship Lisboa Casino Hotel blossomed, the hotel later to become well-known internationally. In the same year, Ho also set up Shun Tak Holdings Ltd, which was listed on the Hong Kong Stock Exchange. Through a subsidiary, TurboJET, it owns one of the world's largest fleets of high-speed jetfoils, which ferries passengers between Hong Kong and Macau.

1971

Ho has 17 children born to four women. Ho refers to his children's mothers as his wives. Polygamy remained legal in Hong Kong until 1971.

1984

In 1984, Ho was awarded an honorary doctorate of social sciences from the University of Macau in 1984. In the New Year Honours 1990, Ho was appointed Officer of the Order of the British Empire (O.B.E.) "for services to the community in Hong Kong" In 1995, the Portuguese government appointed Ho to the Grã-Cruz da Ordem do Infante Dom Henrique (Great Cross of the Order of Prince Henrique), the highest honour for any civilian, for his contributions to society. In 1998, Dr Stanley Ho Avenue in Macau was named, the first Chinese person to be so honoured in Macau during their lifetime.

1985

Ina Chan became Ho's third 'wife' in 1985. Ho's first wife Clementina Leitão needed constant nursing care following her car accident, and Ina Chan was one of the Nurses brought in to look after Leitão. Ho and Chan have three children; Laurinda Ho, Florinda Ho, and Orlando Ho.

1987

In 1987, Portugal agreed to return Macau to China in 1999. Ho took part in the joint advisory committee. He is a Standing Committee member of the 9th National Committee of the Chinese People's Political Consultative Conference.

1988

Fourth 'wife' Angela Leong On-kei, with whom Ho has had four children, met Ho in 1988 as his dance instructor. Ho and Leong's children are Sabrina Ho, Arnaldo Ho, Mario Ho and Alice Ho.

1989

Ho's Investments in Macau are diverse. In 1989, after STDM took full control of the Macau Jockey Club, Ho became its chairman and chief executive officer. In 1998 Ho became the first living Macanese resident to have a local street named after him. He also launched Asia's first football and basketball lottery called SLOT.

1999

Ho was also named by the Canadian Government, citing the Manila Standard newspaper, as having a link to the Kung Lok Triad (Chinese mafia) and as being linked to "several illegal activities" during the period 1999–2002. Ho's alleged ties to Chinese organized crime have also been reported by the New Jersey Division of Gaming Enforcement, citing a U.S. Senate committee and several government agencies, when the state investigated his ties to American casino operator MGM Mirage.

2003

In 2003 Ho received the Gold Bauhinia Star from the Chief Executive of Hong Kong, Tung Chee Hwa, in recognition of his outstanding contribution to the community, in promoting education, Sports and other community services for youth. In 2008 Ho received the Medal for Business Entrepreneurialism from the city of Cascais and the street running adjacent to the Estoril Casino was renamed as Avenida Stanley Ho. It was the first road in Portugal to be named after a living Chinese citizen. In June 2009 he received the Visionary award at the G2E Asia conference, organised by the American Gaming Association; the award was delivered by Macau SAR Chief Executive Edmund Ho. In November 2010 Ho was awarded the Grand Bauhinia Medal the highest under the Hong Kong honors and awards system, reserved for those making a lifelong and highly significant contribution to the well-being of Hong Kong.

2006

Over the years, dancing has been one of Ho's favourite hobbies, achieving excellence in tango, cha-cha-cha, and waltz. He often danced for televised charity fundraisers and has sponsored numerous dance performances in Hong Kong and Macau, including the Hong Kong Arts Festival and the Macau Arts Festival, promoting the art of dance. He has also invited internationally renowned dancing groups, such as the National Ballet of China, to perform in Hong Kong and Macau. Ho is a patron of the Hong Kong Ballet, the International Dance Teachers Association and is a Fellow of the Royal Academy of Dance. A thoroughbred racehorse owner, one of Ho's runners, Viva Pataca, named after the currency of Macau, won several top Hong Kong races in 2006 and 2007.

2007

In 2003, Ho donated a Qing dynasty bronze boar head to China's Poly Art Museum, a state-run organisation dedicated to develop, display, rescue and protect Chinese cultural relics. The boar head is part of a collection of 12 looted from the imperial Summer Palace in Beijing in 1860 when it was sacked and burnt by French and British armies. On 21 September 2007, Ho donated to the Chinese government a Qing dynasty bronze sculpture of a horse's head originally taken from the Old Summer Palace. Ho had reportedly just purchased it from a Taiwanese businessman for US$8.84 million.

2009

Ho suffered a fall late in July 2009 at his home and required brain surgery as a result. For seven months Ho was confined to the Hong Kong Adventist Hospital and, later, the Hong Kong Sanatorium and Hospital, making only one public appearance on 20 December 2009, when he travelled to Macau to meet Chinese President Hu Jintao on the occasion of the 10th anniversary of Macau's return to Chinese sovereignty. Ho was discharged from the Hong Kong Sanatorium and Hospital on 6 March 2010 and has since used a wheelchair.

2011

In late January 2011, a dispute erupted among his wives and children involving the transfer of ownership of his private holding company, Lanceford. On 27 December Lanceford allotted 9,998 new shares, representing 99.98 per cent of its enlarged share capital, to two British Virgin Islands companies: Action Winner Holdings Ltd, wholly owned by third wife, Ina, holding 50.55 per cent and Ranillo Investments Ltd, equally held by each of Laam's five children, holding the balance. The allotment document filed with the Registrar of Companies was signed by Laam's daughter Daisy.

2013

Amidst confusion caused by conflicting statements from Ho and his wives and children about the state of the dispute, Ho, through Oldham – who had been allegedly sacked and rehired within the space of a few days – said he had been pressured to make public statements and sign legal documents without him being fully apprised of their contents. What was to become a saga of soap-opera proportions ensued including official video postings of statements on YouTube.