Meet Asia’s Second Richest Man: Lui Che-woo

Written by :

Aaron Goldstein

Published on :

17 January, 2014

Head of Macau casino operator Galaxy Entertainment, Lui Che-woo, remains Asia’s second richest man according to Bloomberg’s Billionaires Index. Only Hong Kong multi-billionaire Li Ka-shing, whose fortune stood at $29.5 billion, is richer.

Lui saw his fortune rise $3.5 billion this month to $29.6 billion, about $100 million ahead of Li, whose fortune stood at $29.5 billion on the Bloomberg Billionaires Index on Thursday.

He made his first fortune after World War II when he imported construction equipment, left by US forces in Okinawa, to the city. The 84-year-old has been with Galaxy since its opening in 2002.

Li Ka-shing started out in business as a plastic flower-maker but now commands a vast empire through Cheung Kong Holdings and Hutchison Whampoa, with global assets in property, telecoms, utilities, ports and retail.

The 85-year-old was Asia's richest man starting April 2012 after he surpassed Indian billionaire Mukesh Ambani, according to the index.

- Aaron Goldstein, Gambling911.com

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