Lui Che-woo

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Dr. Lui Che Woo
呂志和博士
Born 1929/1930 (age 85–86)[1]
Jiangmen, China
Residence Hong Kong
Net worth Decrease US$ 11 billion (June 2015)[2]
Spouse(s) Married, 5 children
This is a Chinese name; the family name is Lui .

Lui Che Woo (Chinese: 呂志和; pinyin: Lǚ Zhìhé) was born in Jiangmen, China in August 9, 1929. He is Chairman of K. Wah Group, owner of Galaxy Entertainment Group. As of November 2013, he is the second richest man in Asia.[3] Then in January 2014, with a worth of US$21 billion, he was named the second richest man in Hong Kong.[2]

Personal history[edit]

He established the first K. Wah company in Hong Kong in the 1950s. Its major member companies include K. Wah International Holdings Ltd. (Stock code: 173.HK), Galaxy Entertainment Group (HKSE: 27.HK), Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah has developed into a multi-national conglomerate involving properties, entertainment & leisure, construction materials and hotels with over 200 subsidiaries and more than 20,000 employees in Hong Kong, Mainland China, Macau, North America and Southeast Asia.

Lui is a pioneer in Hong Kong construction materials industry. In the 1960s, he embarked on property investments. In the 1980s, he set his sights on hotel development. In the 1990s, Lui expanded his business into Mainland China. In 2002, he ventured into Macau’s gaming business and is now one of the six gaming concessionaries in Macau where he aims at developing world class travel, leisure, shopping, meeting, convention, exhibition and entertainment facilities.

On May 2011, Galaxy Entertainment Group Limited opened the $2 billion Galaxy Macau casino and hotel in Macau with 2,200 rooms, 50 restaurants, 450 gambling tables, an artificial beach and a wave pool.[4]

Philanthropy[edit]

A distinguished philanthropist, Lui has been particularly supportive to the development of medical care and education. He was Chairman of the Tung Wah Group of Hospitals in 1981-2. In 1999, Lui provided funds for the Stanford University Medical Centre to set up Lui Che Woo Research Laboratory. He also holds important posts in various tertiary institutions including Founding Honorary President of the University of Hong Kong Foundation of Educational Development and Research, Member of the Board of Trustees of United College of the Chinese University of Hong Kong, Honorary Member of the Court of Hong Kong University of Science and Technology, Member of the Consultative Committee of the Hong Kong Polytechnic University, Honorary Life Chairman of the Hong Kong Polytechnic University Foundation, Life Honorary Chairman of Wuyi University Board of Trustees, Honorary Dean of Business Faculty of Yangzhou University, and Member of the Board of Directors of Fudan University. In 2002, the Lui Che Woo Awards for CUHK/Cornell Student Exchange Programme in Hospitality Management was established to facilitate academic exchanges of the School of Hotel and Tourism Management. In 2005, an initiative in support of the reconstruction and refurbishment of 150 schools in underprivileged regions across the Mainland was committed through The Ministry of Education. In 2006, a fund was set up at the School of Hotel and Tourism Management of the Hong Kong Polytechnic University for academic research and scholarship for outstanding students. In 2008, donations were pledged in support of the Mainland’s university students in rural to complete their four to five years’ degree programmes via Virya Foundation, the construction of the Lui Che Woo Building at The Hong Kong Polytechnic University and the renovation and expansion of a centenary building at Fudan University, as well as the development of a new Beijing campus for the China Europe International Business School. In 2010, donations were made to The University of Hong Kong for the building of a law library in the Centennial Campus and to the University of Macau in support of the new campus development in Hengqin, Zhuhai. In 2012, donation was made to the Chinese University of Hong Kong for the establishment of the Lui Che Woo Institute of Innovative Medicine. In 2013, donation was pledged to Opera Hong Kong as an Honorary Patron to promote local art education and cultivate art management talents. In 2014, a HK$1.3 billion GEG Charitable Foundation was established to cultivate in the young proper moral values and nurture their sense of belonging to society and the community.

Recognition[edit]

In recognition of his exemplary contributions to the community, Lui was made a Member of the Order of the British Empire by The Queen (MBE) in 1982 and was appointed as a Justice of the Peace (JP) in 1986. In 1995, an asteroid discovered by the Purple Mountain Observatory in Nanjing was named “Lui Che Woo Star”. Lui was also awarded the degree of Doctor of Laws, honoris causa by the University of Victoria in 2001; the degree of Doctor of Social Science, honoris causa, by the Chinese University of Hong Kong in 2002; an Honorary University Fellowship by the University of Hong Kong in 2002; the degree of Honorary Doctor of Laws by Concordia University in 2004, and the degree of Doctor of Business Administration, honoris causa, by the Hong Kong Polytechnic University. In addition, Lui was awarded the Gold Bauhinia Star (GBS) in 2005. In 2007, he was honoured as the Business Person of the Year in DHL/SCMP Hong Kong Business Awards and presented with the Lifetime Achievement Award by American Academy of Hospitality Sciences.

As a good citizen, Lui was elected for the Hotel Subsector of the Election Committee for the Third Term Chief Executive of the Hong Kong Special Administrative Region in December 2006. Lui is to represent the Hotel Subsector to elect the Third Term Chief Executive in March 2007. He has also been appointed as Member of Steering Committee on MICE (Meetings, Incentives, Conventions and Exhibitions) since 2007.

Public services[edit]

China

  • Honorary President of 5th Overseas Exchanges Association of Guangzhou
  • Life Honorary Chairman of Wuyi University Board of Trustees
  • Honorary President of Jiangmen Association of Enterprises with Foreign Investment
  • Honorary President of International Themed Hotels Research Association
  • The Advisor of China Foundation for Justice and Courage
  • Honorary President of Shanghai Overseas Chinese Chamber of Commerce
  • Honorary Dean of Business Faculty, Yangzhou University
  • Member of the 9th Standing Committee of Jiangmen
  • Committee Member of the 9th Chinese People's Political Consultative Conference
  • Advisor of the China Center of Economics Research, Peking University
  • Honorary Advisor of Asia-Africa Development Research Institute of Development Research Centre of State Council, PRC
  • Advisor of Guangdong and Hong Kong - Macau Economic & Technology Cooperation Promotion Association
  • Honorary Vice President of Guangzhou Education Foundation
  • Member of the Board of Directors of Fudan University, Shanghai
  • Honorary Chancellor of Material Science and Engineering College of South China University of Technology
  • Honorary Advisor of Jiangmen Wuyi Foreign Business Union
  • Honorary President of Jiangmen (Wuyi) Chinese Culture Research Association
  • Honorary Director of Shanghai Xuhui District Foreign Corporation Investment Association

Hong Kong

  • Honorary Life Chairman of the Hong Kong Polytechnic University Foundation
  • Honorary Member of The Hong Kong Polytechnic University Court
  • Honorary President of the 7th Committee of Hong Kong-Shanghai Economic Development Association
  • Life Honorary President of Federation of Hong Kong Guangdong Community Organizations
  • Member of the Election Committee of the HKSAR
  • Founding Honorary Patron of The University of Hong Kong Foundation for Educational Development and Research
  • Hon. Secretary - The Association of Chairman of The Tung Wah Group of Hospitals
  • Honorary Member of the Court of Hong Kong University of Science and Technology
  • President of China Association (H.K.) for Science and Society
  • Member of the Steering Committee on MICE
  • Member of Election Committee of SAR 11th National People’s Congress
  • Advisor and Honorary President of The San Wui Commercial Society of Hong Kong
  • Vice President of the Hong Kong Culture Association
  • Life Honorary Chairman of China Overseas Friendship Association
  • Honorary Advisor of China Charity Federation
  • Honorary Advisor of Lions Club of Victoria Hong Kong
  • Member of Election Committee Hotel Subsector for Legislative Council
  • Member of Election Committee of SAR 9th National People’s Congress
  • Selection Committee Member for the First Government of Hong Kong Special Administrative Region and Member of the Election Committee of the Government of Hong Kong Special Administrative Region
  • Board of Trustees of United College, The Chinese University of Hong Kong
  • Founding President of Hong Kong - Guangdong Economic Development Association
  • Founding Chairman of The Federation of Hong Kong Hotel Owners
  • President of Tsim Sha Tsui East Property Developers Association
  • Chairman of Tung Wah Group of Hospitals

Honours[edit]

  • Business Person of the Year in DHL/SCMP Hong Kong Busienss Awards
  • Lifetime Achievement Award by American Academy of Hospitality Sciences
  • Gold Bauhinia Star by the Government of the Hong Kong Special Administrative Region
  • Doctor of Business Administration, honoris causa, by the Hong Kong Polytechnic University
  • Degree of Honorary Doctor of Laws by Concordia University, Canada
  • Doctor of Social Science, honoris causa, by the Chinese University of Hong Kong
  • Honorary University Fellowship, by the University of Hong Kong
  • Degree of Doctor of Laws, honoris causa, by the University of Victoria, Canada
  • Committee Member of the 9th Chinese People's Political Consultative Conference
  • Outstanding Contribution Award in Guangzhou
  • Naming of 'Lui Che Woo Star' Asteroid No. 5538 (Discovered by Purple Mountain Observatory in Nanjing)[5]
  • Citizen of Honor (Nanjing)
  • Standing Committee Member of People's Political Consultative Conference, Jiangmen
  • Citizen of Honor (Guangzhou)
  • Citizen of Honor (Jiangmen)
  • Justice of The Peace
  • Member of The Order of The British Empire (MBE)

References[edit]

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External links[edit]

Order of precedence
Preceded by
Peter Woo
Recipient of the Grand Bauhinia Medal
Hong Kong order of precedence
Recipient of the Grand Bauhinia Medal
Succeeded by
Maria Tam
Recipient of the Grand Bauhinia Medal