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“People are on the sidelines as some investors are cautious of the market’s volatility right now”.
|Source of Wealth||Real Estate|
|Education||University of Waterloo|
Joseph Lau, a renowned real estate’s investor in Hong Kong holds around 61% of the stake in Chinese Estates Holdings.
Joseph Lau has been nominated as the fourth richest person in Hong Kong.
Joseph Lau is a known philanthropist and has established the Joseph Lau Luen-hung Charitable Trust.
Joseph Lau has invested around $1.9 Billion in real estates in Hong Kong; he has plans to develop more real estate properties amounting to $245 Million.
Joseph Lau is the proud owner of majestic Sunseeker yacht which is equipped with two 2812HP MTU engines.
Joseph Lau resides in his 9 bedroom mansion located in East Hampton and has a value of $15.75 Million.
He owns an expensive house in Eaton Square, Belgravia, bought for a lump sum amount of 33 Million pounds. The house is a six floor mansion which features stunning exteriors and plush interiors.
Joseph Lau is among the first seven owners of the Boeing 787 Dream liner and is a proud owner of a majestic yacht named ‘Sunseeker’. The yacht is equipped with two 2812HP MTU engines, providing a cruising speed of 18 knots. It has a beam of 8m and an excellent range of 1,000 nautical miles at a speed of 13.5 knots.
Joseph Lau is known for his love for art and owns the ‘Te Poipoi’ painting by Paul Gauguin’s which auctioned for $39.2 Million in 2007. Also owned by Joseph Lau is the Andy Warhol famous painting ‘Mao Zedong’.
Joseph Lau is especially attracted towards diamonds and has bought many rare diamonds. The most expensive ones being- the 7.03 carat blue diamond bought for $9.48 Million, The 9.75 carat blue diamond bought for $32.6 Million and the 12.03 carat blue diamond bought for $48.4 Million.
He is also the owner of a 10.1 carat ruby bought for $8.4 Million and renamed ‘Zoe Red’ after his daughter Zoe.
He has a collection of over 10,000 bottles of Red wine and loves collecting art.
Joseph Lau has bought a number of expensive diamonds. The first one was a 7.03 carat blue diamond for his daughter Josephine for around $9.5 Million. In 2014, he bought a 9.75 carat blue diamond for daughter Zoe. His latest purchase was a 16.08 carat ink diamond for $28.5 Million and a 12.03 carat blue diamond for $48.4 Million.
Joseph Lau was one of the first seven purchasers of Boeing 787 Dream liner and has been using it for private travelling.
He has a total of six children with his three partners. His youngest children being his daughter Josephine and a son.
In March 2014, he had to step down from his position as Chairman of Chinese Estates after being convicted in Macau for bribery as well as money laundering.
Joseph Lau owns a Boeing 747, the amazing aircraft is worth $153 Million.