Early Life
Joseph Lau Luen-hung was born in Hong Kong on July 21, 1951. His early life details are not widely known. He attended the University of Windsor in Canada.
Rise to Success
Lau joined his family's business making electric fans in 1974. In 1978, he established Evergo Industrial Enterprise. The company went public in Hong Kong in 1982. In 1985, Lau switched Evergo's focus to investment-holding and property-management services. He became the majority shareholder of Chinese Estates Holdings in 1986. Since then, he expanded his real estate investments through a series of acquisitions. One of his notable achievements was the development of The ONE, the tallest retail complex in Hong Kong, which opened in 2010. He later gifted the property to his wife and children in 2017.
Key Business Strategies
Lau is known for his sharp business instincts and his ability to navigate the complex regulatory environment of Hong Kong's property market. He expanded his investments beyond Hong Kong, venturing into mainland China, where he invested heavily in residential and commercial properties.
Philanthropy
Since the early 1990s, Lau and his Charitable Trust have donated nearly HK$5 billion to various institutions. Major beneficiaries included education and healthcare, each accounting for approximately 20% of the total, while cases for the underprivileged make up about 10%. In 2020, the Trust contributed HK$10 million to a Support Programme initiated by the Hong Kong Performing Artistes Guild. In 2025, The Joseph Lau Luen Hung Charitable Trust donated HK$400 million for a medical complex.
