|Joseph Lau Luen-hung|
21 July 1951 |
|Citizenship||Hong Kong, United Kingdom|
|Alma mater||University of Windsor|
|Occupation||Chairman of Chinese Estates Holdings|
|Net worth||US$11.5 billion (June 2015)|
|Spouse(s)||Bo Wing-kam (m. 1977; d. 1992)|
|Partner(s)||Yvonne Lui (2002 – present)
Chan Hoi-wan (2003 – present)
|Relatives||Thomas Lau (younger brother)|
Joseph Lau Luen Hung (Chinese: 劉鑾雄) (born July 21, 1951 in Hong Kong) is a Hong Kong real estate investor who owns a 61% stake in Chinese Estates Holdings. His fortune is estimated by Forbes at $11.5 billion as of June 2015.
Joseph Lau was born on July 21, 1951 in Hong Kong.
|This section requires expansion. (January 2016)|
Lau owns a 61% stake in Chinese Estates Holdings.
On 31 May 2012, the Macau Court of Final Appeal confirmed that Lau and Steven Lo were involved in the case of offering Macau's former public works chief Ao Man-long HK$20 million over the bid for five plots of land opposite Macau International Airport. Lau and Lo were charged with bribery and money laundering. They both denied the charges and Lo earlier told the court that the HK$20 million was a preliminary payment to construction company San Meng Fai.
On 14 March 2014 Lau and Lo were found guilty of the charges against them in Macau's Court of First Instance. Lau was sentenced to five years and three months in prison, but he appealed. However, the Court of Second Instance rejected his and Lo's appeals on 19 July 2015 and let the length of their prison terms stand. Lau has so far escaped extradition and remains at large as a fugitive as Macau and Hong Kong do not have an extradition treaty.
Lau married Bo Wing-kam (1954–2003) in 1977 and they were divorced in 1992. They had two children; a son, Lau Ming-wai (born 1980) and daughter Jade Lau Sau-yung (born 1983). Lau Ming-wai is vice-chairman of Chinese Estates Group and is on the steering committee of the HK$10 billion Community Care Fund, established in 2010. In 2011, he was part of Henry Tang's election team for the 2012 chief executive election.
In 2001 Lau met Yvonne Lui, then aged approximately 24. The couple have a daughter and a son. Lau has also had two children with former assistant Kimbie Chan (aka Chan Hoi-wan) – a daughter, Josephine (born 2008) and a son (born 2012). In 2008, Lau became the grandfather of twins. Lau junior acceded to the chairmanship of Chinese Estates following his father's conviction in the court of Macau on bribery charges in 2014; Sue Chan, the elder sister of Lau's girlfriend Kimbie, became the chief executive of the company Lau founded.
According to the Sunday Times, Lau owns one of the world's fine least 10,000 bottles, and is an avid art collector. On 7 November 2007, he made the top purchase of the evening at a Sotheby's auction by paying $39.2 million for Paul Gauguin's Te Poipoi, a painting of a Tahitian scene.
In November 2014, Lau bought a 9.75 carat blue diamond for his daughter Zoe, at Sotheby's for $32.6 million, that he named "Zoe Diamond". He also bought her a Cartier brooch featuring a 10.1 carat ruby, that he named "Zoe Red" at Christie's for $8.4 million.
In November 2015, Lau bought another two expensive diamonds. On 10 November, he bought a 16.08 carat pink diamond at Christie's for $28.5 million. The next day, Lau bought a 12.03 carat blue diamond at Sotheby's for $48.4 million, setting new records for the most expensive jewel sold at auction and the most expensive diamond ever. He subsequently renamed them the "Sweet Josephine" and the "Blue Moon of Josephine" respectively.
- Thomas Lau, younger brother
- "Lau, Joseph Luen Hung 劉鑾雄". Webb-site. Webb-site. 2014-12-13.
- "129 Joseph Lau", Forbes
- "Board of Directors". Chinese Estates Group. 2012. Retrieved 29 February 2012.
- "#247 Joseph Lau". Forbes. 5 March 2008.
- "Billionaire Lau Guilty of Bribery, Corruption in Macau". Bloomberg News. 14 March 2014. Retrieved 12 November 2015.
- Lai, Stephanie (19 July 2015). "Court of Second Instance rejects appeal lodged by Joseph Lau, Steven Lo". Macau Business Daily. Retrieved 12 November 2015.
- "What a gem: Hong Kong tycoon buys daughter $48 mn diamond". Yahoo News. Agence France-Presse. 12 November 2015. Retrieved 12 November 2015.
- Lo, Alex (28 Nov 2011). "The man on Henry Tang's coat-tails", South China Morning Post.
- Olsen, Robert (28 October 2010). "Tycoon's Two Girlfriends Seek $1.4 Billion of AIA Shares". Forbes. Retrieved 21 June 2013.
- ABC News: ABC News
- Stephen Jones "Article 15. Joseph Lau: £3.937b", Sunday Times Rich List 2011, 9 May 2011
- (German) Sothebys Auction – Portfolio.com
- "Billionaire buys 7-year-old daughter Blue Moon diamond for record $48m". The Guardian. 12 November 2015. Retrieved 12 November 2015.
- DeMarco, Anthony. "Bunny Mellon's Blue Diamond Sells For More Than $32.6 Million, Sets Two World Auction Records". Forbes. Retrieved 12 November 2015.
- "AN EXTREMELY RARE RUBY AND DIAMOND BROOCH, BY CARTIER". Chistie's. Retrieved 12 November 2015.
- "Crooked tycoon buys daughter $77M in diamonds at auctions". CBS News. Retrieved 12 November 2015.