Biography
Joseph Lau Luen-hung, born July 21, 1951, is a prominent Hong Kong billionaire, primarily known for his real estate ventures. His wealth stems from his control of Chinese Estates Holdings, a major property development firm he acquired in 1986. Lau's career began in the 1970s and he later attended the University of Windsor in Canada. He has been involved in the development of major properties in Hong Kong and internationally. His net worth, primarily from his real estate holdings, is estimated at $14.3 billion as of February 2, 2026. Lau is also a notable art collector with pieces from artists like Warhol, Gauguin, and Hockney, collectively valued at over $1 billion. Despite facing legal issues, Lau maintains a significant presence in the business world, known for his high-profile relationships and charitable giving. He transferred 75% of his shares in Chinese Estates to his wife and son due to health issues in 2017.