Age, Biography and Wiki

Joseph Lau (Lau Luen-hung) was born on 21 July, 1951 in British Hong Kong, is a Hong Kong businessman. Discover Joseph Lau's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 72 years old?

Popular As Lau Luen-hung
Occupation Businessman
Age 72 years old
Zodiac Sign Cancer
Born 21 July, 1951
Birthday 21 July
Birthplace British Hong Kong
Nationality Hong Kong

We recommend you to check the complete list of Famous People born on 21 July. He is a member of famous Businessman with the age 72 years old group. He one of the Richest Businessman who was born in Hong Kong.

Joseph Lau Height, Weight & Measurements

At 72 years old, Joseph Lau height not available right now. We will update Joseph Lau's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Joseph Lau's Wife?

His wife is Theresa Po Wing-kam† (1977–1992, 2 children) Kimbee Chan (2016–present, 2 children)

Family
Parents Ip Sok Wun (1920–2015)
Wife Theresa Po Wing-kam† (1977–1992, 2 children) Kimbee Chan (2016–present, 2 children)
Sibling Not Available
Children 6

Joseph Lau Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Joseph Lau worth at the age of 72 years old? Joseph Lau’s income source is mostly from being a successful Businessman. He is from Hong Kong. We have estimated Joseph Lau's net worth, money, salary, income, and assets.

Net Worth in 2024 16.3 billion USD (2020)
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

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Timeline

1951

Joseph Lau Luen-hung (born 21 July 1951) is a Hong Kong billionaire.

Lau is the former chairman of property developer Chinese Estates.

He is an avid art and wine collector.

His fortune is estimated by Forbes at $13.3 billion as of September 2021.

Joseph Lau was born on 19 July 1951 in Hong Kong.

He has a younger brother Thomas and two younger sisters.

1954

Lau married Po Wing-kam (1954–2003) in 1977 and they were divorced in 1992.

1974

Lau attended the University of Windsor in Canada before returning to join his family's business making electric fans in 1974.

1978

In 1978, he renamed the company Evergo Industrial Enterprise.

1979

They had two children: a son, Lau Ming-wai (born 1979 Dec) and daughter Jade Lau Sau-yung (born 1983).

1982

In 1982, the company held an initial public offering in Hong Kong.

1984

Lau owns the painting Everything Must Go (1984) by Jean-Michel Basquiat.

1985

In 1985, Lau switched Evergo's business focus to investment-holding and property-management services.

1986

Lau became the majority shareholder of Chinese Estates Holdings when he acquired a 43% stake in the company through Evergo in 1986.

Since then, he's expanded his real estate investments through a series of acquisitions.

2000

In 2000, he acquired 67% stake in Chi Cheung Investment.

2006

In 2006, Lau purchased Andy Warhol's Mao (1977), a portrait of Mao Zedong, for $17.4 million at Christie's.

2007

In 2007, Lau purchased Paul Gauguin's Te Poipoi (The Morning) (1892), a painting of a Tahitian scene, for $39.2 million at a Sotheby's auction.

In May 2007, Lau was revealed to be among the first seven purchasers of a Boeing 787 Dreamliner jet for private use.

2008

In 2008, Lau Ming-wai's wife gave birth to twins; they are Lau's eldest grandchildren.

2010

Chinese Estates Holdings developed The ONE, the tallest retail complex in Hong Kong, which opened in 2010.

Lau Ming-wai, a British citizen, is vice-chairman of Chinese Estates Group and is both chairman of the government's Commission on Youth and on the steering committee of the HK$10 billion Community Care Fund, established in 2010.

He was formerly a member of the Commission on Poverty.

2011

In 2011, he was part of Henry Tang's election team for the 2012 chief executive election.

Lau had five additional children with two women concurrently out of wedlock, two with Yvonne Lui and three with Kimbee Chan (aka Chan Hoi-wan).

2014

In 2014, he became a convicted felon and fugitive in Macau.

He lives in one of the most expensive houses in Hong Kong, at Goldsmith Road, Jardine's Lookout, valued at HK$2.5 billion with Chan Hoi-wan.

In March 2014, Lau resigned from his positions as chairman and CEO of Chinese Estates after a Macau court convicted him of bribery and money laundering.

His son Lau Ming-wai acceded to the chairmanship of the company.

Sue Chan, the elder sister of Lau's wife Kimbie, became the chief executive of the company Lau founded.

Lau is an avid art collector.

He ranks among ARTnews 's list of the "Top 200 Collectors."

2017

In 2017, Lau gifted the property to his wife Kimbie Chan Hoi-wan and their children.

In 2017, Forbes has estimated the total value of his art collection at around a $1 billion.

2020

In February 2020, Lau offered his David Hockney painting The Splash (1966) at Sotheby's contemporary art sale in London.

The painting sold for $29.9 million, which is the third highest price ever achieved for a Hockney at auction.

Lau owns a collection of more than 10,000 bottles of red wine.

In October 2020, the sales of Lau's French wines at Sotheby's in Hong Kong brought a total of $6.8 million, more than doubling pre-sale expectations.

Following the success of the sale, Lau sold 147 lots (533 bottles in total) again at Sotheby's in Hong Kong.

The sale brought a total of $6.8 million, also doubling its pre-sale estimate.