Lau Cho Kun’s profile picture

Lau Cho Kun

Lau Cho Kun’s profile picture
Net worth 2018: $2.72 Billion
Industry: Diversified
Residence: Tawau, Sabah, Malaysia
Country: Malaysia
Children: 1
BIOGRAPHY

Lau Cho Kun was born in Tawau, Sabah, Malaysia, Malaysia. Lau Cho Kun is #924 in List Billionaires People In The World. Lau Cho Kun's move to concentrate on real estate development has paid off handsomely. The share price of his Hap Seng Consolidated has been enjoying a steady upward trend, especially after news in 2016 of its joint venture with Naza TTDI, a township development specialist, to develop Met 5, which consists of residential blocks, offices and a 4-star hotel on an 8.95 acre plot. With its plantation, fertilizer-trading and quarry-building-material divisions, he continues to cope with rising costs and weaker global demand. Also in 2016 the company consolidated its profitable commercial vehicles business into its Hong Kong-based holding entity, Lei Shing Hong, citing its proximity to the Chinese market and less exposure to currency fluctuation.

NET WORTH STATISTIC
2015

$1.08 Billion

2016

$1.6 Billion

2017

$2.1 Billion

2018

$2.72 Billion

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