Vincent Lo’s profile picture

Vincent Lo

Vincent Lo’s profile picture
Net worth 2018: $2.32 Billion
Industry: Real Estate
Residence: Hong Kong, Hong Kong
Country: Hong Kong
BirthDay: 18 April 1948
Sigh: Taurus
Children: 2
BIOGRAPHY

Vincent Lo was bornon 18 April 1948 in Hong Kong, Hong Kong, Hong Kong. Vincent Lo is #1063 in List Billionaires People In The World. The bulk of Vincent Lo's fortune stems from his listed Shui On Land, best known for developing Shanghai's entertainment district, Xintiandi. Lo also owns Shui On Centre, a landmark building in Wan Chai. His daughter Stephanie is heir apparent. He's also no stranger to the temperament of fellow real estate tycoon Donald Trump, who in 2005 sued former partners Lo and Henry Cheng for $1 billion, claiming the two had not consulted him and closed on a deal for less than he would have. Trump lost but was granted proceeds from another deal with the partners.

NET WORTH STATISTIC
2009

$1.2 Billion

2010

$1.9 Billion

2011

$2.3 Billion

2012

$1.7 Billion

2013

$2.7 Billion

2014

$2.1 Billion

2015

$1.7 Billion

2016

$2 Billion

2017

$2 Billion

2018

$2.32 Billion

TIMELINE
Vincent Lo Hong-shui, GBM, GBS, JP (Chinese: 羅康瑞; born 18 April 1948) is the chairman of Hong Kong-based Shui On Group, a building-materials and construction firm. He graduated from the University of New South Wales, Australia, in 1969. Upon returning to Hong Kong, started business with the sum of HK$100,000 (US$16,700) borrowed from his father, a Hong Kong property tycoon.In 1984, Lo began investing in Shanghai and built a hotel in partnership with the Shanghainese Communist Youth League. The Tiananmen Square crisis caused occupancy to plunge, and the league could not repay its construction loan. Lo assisted the league in dealing with the loan: Han Zheng was the Youth League secretary at the time, and is now mayor of Shanghai.In association with Xu Kuangdi, a former Shanghai mayor, Han assisted Lo in gaining the right to develop a piece of land surrounding the hall where the Communist Party of China held its first meeting, now known as Xintiandi. The $170 million property development project is a 20,000 square meter complex of restaurants, bars and shops and is a prime entertainment spot in Shanghai.In 1995, he bought his first cement plant in Chongqing, which has enabled the Shui On Group to become one of China's top three cement companies. Under Lo's direction, the Shui On Group is carrying out property development projects in other Chinese cities, such as Wuhan, Dalian, Foshan and Hangzhou, as well as Chongqing.Vincent Lo married his ex-wife Jean Ho(何晶潔)in 1985, they had 2 children together.Vincent Lo and his current wife Loletta Chu married at 27 November 2008.
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