Billionaire Profile
Hui Wing Mau
Global Rank
#2219

Image: 中国新闻网 | CC BY 3.0 | via Wikimedia Commons

Hui Wing Mau

CEO, Real estate
HONG KONG
Real-Time Net Worth
$1.892B
Estimated based on Real estate stock value as of April 21, 2026
+0.02% (24h)
Age
75
Source
Real estate
Industry
Diversified
Citizenship
HONG KONG

Biography

Hui Wing Mau, a prominent figure in the real estate industry, is the founder and chairman of Shimao Group Holdings Ltd. Born in Fujian Province, China, and now a Hong Kong resident, he has built a significant net worth through his ventures in property development, property investment, and hotel operations. Hui's career began with investments in textile factories before he transitioned into real estate, expanding his business into Beijing and Shanghai during the 1990s. Over the years, he has achieved several milestones and has been recognized for his contributions to public welfare. He is known for his philanthropic efforts, including donating to the China Red Ribbon Foundation and the establishment of the Centre for Chinese Institutional Studies at the University of Hong Kong. His company faced financial challenges in recent years, including debt restructuring. As of March 24, 2026, his real-time net worth is $1.9 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Hui Wing Mau, also known as Xu Rongmao, was born in Shishi, Fujian, China. He grew up in modest circumstances. In the late 1970s, he moved to Hong Kong, where he started working and investing in textile factories before establishing his own in 1988.

Rise to Success

Hui Wing Mau's career took a turn when he ventured into the real estate sector. During the 1990s, he expanded his real estate business into Beijing and Shanghai. He also undertook property ventures in Australia during the same period. He founded Shimao Property Holdings Ltd. in 2001, which later became Shimao Group Holdings Ltd. The company listed on the Hong Kong Stock Exchange (SEHK: 813) in 2006.

Key Business Strategies

Shimao Group's success is attributed to a focus on integrated real estate projects in economically thriving cities. The company's strategy included the development of large-scale residential projects, hotels, and commercial buildings in prime locations. The company also focused on property investment and management, and hotel operations.

Philanthropy

Hui Wing Mau has been involved in philanthropy for over 20 years. He has led Shimao Group in donating over 1.6 billion yuan. His philanthropic efforts include the donation of the Silk Road Landscape Map to the Palace Museum in Beijing. He has also supported the China Red Ribbon Foundation for AIDS control and prevention. In addition, he founded the Hong Kong New Home Association to provide services for new immigrants and ethnic minorities.

Career Milestones

1988

Entered the textile industry

Hui Wing Mau started investing in textile factories and later opened his own.

1990s

Expanded into real estate

Began investing in residential complexes and resorts in Fujian and later expanded into Beijing and Shanghai.

2001

Founded Shimao Property Holdings Ltd.

Established the real estate company, which later became Shimao Group Holdings Ltd.

2006

Shimao Property Holdings Ltd. listed on the Hong Kong Stock Exchange.

The IPO provided significant capital for expansion.

2008

Shimao Charity Hospital program started

Started Charity Hospital program after the Sichuan earthquake.

Philanthropy & Social Impact

Cultural Preservation

Silk Road Landscape Map Donation

$19M

Donated an ancient map to the Beijing Palace Museum.

Medical Assistance

China Red Ribbon Foundation

Over $28.8M

Co-founded the foundation for AIDS control and prevention.

Social Services

Hong Kong New Home Association

Undisclosed

Founded to provide services for new immigrants and ethnic minorities.

Medical Assistance

Shimao Charity Hospital

Over $14.5M

Building and support of several hospitals.