Entrepreneurs

Gina Rinehart Net Worth

Gina Rinehart built a massive fortune in the mining sector, turning a broken company into an industry leader, and making herself immensely wealthy.

Published

1 month ago

Aug 31, 2023

John Mulder

What is Gina Rinehart’s net worth?

Net Worth: $23 Billion

Age: 69

Born: February 9, 1954

Gender: Female

Height: 1.74 m (5 ft 9 in)

Country of Origin: Australia

Source of Wealth: Businesswoman

Last Updated: March 8, 2023

Net Worth:	$23 Billion
Age:	69
Born:	February 9, 1954
Gender:	Female
Height:	1.74 m (5 ft 9 in)
Country of Origin:	Australia
Source of Wealth:	Businesswoman
Last Updated:	March 8, 2023

Table of Contents

Introduction

Gina Rinehart is the heiress to the Hancock Prospecting Group fortune.

The company was founded by Gina’s father, Lang Hancock, whom she worked alongside from an early age, to learn the ins and outs of the business.

She is the executive chairwoman of her father’s company and Australia’s richest citizen.

She has succeeded in expanding the company since taking over, with her biggest break coming from the iron ore boom in the early 2000s.

As of October 2023, Gina Rinehart’s net worth is estimated to be $23 Billion.

Gina Rinehart Facts

With so much money at stake, there’s been a long battle between Gina and her children over the family trust.
Gina is now Australia’s second-largest cattle producer, after acquiring hundreds of thousands of acres of farming land in 2016.
In 1992, she became the executive chairwoman and majority shareholder in Hancock Prospecting.
The West Australian government has named a mountain range after the family.
She has been a patron for 4 teams in the Olympics and is the largest single non-government contributor in the whole of Australia’s Olympic history.
To put her wealth in perspective, we estimate that Gina earns more than $1 million every 30 minutes.

Early Life

Georgina Hope Rinehart was born on 9 February 1954, in Perth, Australia.

She was the only child of Lang Hancock and her mother, Hope Margaret Nicholas. Gina grew up on a sheep and cattle ranch until the age of 8, before attending primary school.

She became a boarder at St. Hilda’s Anglican School for Girls in Perth, attending there until she completed her schooling.

Gina then went on to study economics at the University of Sydney before dropping out to start working with her father.

She gained a considerable amount of knowledge about the business during this time, which was to stand her in good stead for the challenges she faced after her father’s death.

Career

In March 1992, Gina’s father passed away, leaving a virtually bankrupt company for her to manage.

Not only did she become the Executive Chairman of Hancock Prospecting, but also the HPPL Group of companies. She applied for the Roy Holl Tenements five months after her father’s passing, and this became one of her company’s biggest assets.

She obtained Roy Holl Tenements in 1993 and focused completely on developing them and Hancock Prospecting. By raising capital through joint partnerships, she turned the leases into huge revenue-producing mines.

Since obtaining Roy Hill, Hancock Prospecting currently owns 50% of Hope Downs, giving it a 50% share of the profits made by the mine. Hope Downs mine is operated by Rio Tinto and produces 30 million tonnes of iron ore each year.

Since taking over, Gina has invested in copper, iron ore, gold, and coal as well as cattle and property. Taking her business ideas to the next level, she obtained a 10% stake in Ten Network Holdings in 2010.

Later that year, she also purchased a stake in Fairfax Media and two years later became its biggest stakeholder.

In 2015, she managed to obtain Fossil Downs, a huge cattle station and pastoral lease.

By 2012, Gina was being referred to as the richest woman in the world as a result of the growth of her companies. Despite her business success, she kept a low profile, avoiding the media.

In 2015, Gina announced the grand opening of one of Roy Hill’s largest mines, only 8 months after securing funding worth $7.9 billion. The next year, Hancock Prospecting made a deal to invest in the Sirius Minerals mining company.

Gina’s wealth has increased substantially, due to the iron ore-fuelled mining boom in the last decade. This resulted in the company becoming one of the largest privately owned businesses in Australia.

Gina Rinehart’s Career Earnings

Starting with a heavily indebted business, Gina has managed to negotiate some of the most profitable deals in the mining industry to the benefit of her company.

Due to the secrecy surrounding her business dealings, it is believed that Gina Rinehart earns a salary of over $7 billion annually, but the exact figures are not publicly available.

Here’s an estimated overview of Gina Rinehart’s annual income:

Gina Rinehart’s Salary In 2013 – $2 Billion
Gina Rinehart’s Salary In 2014 – $3 Billion
Gina Rinehart’s Salary In 2015 – $3 Billion
Gina Rinehart’s Salary In 2016 – $3.5 Billion
Gina Rinehart’s Salary In 2017 – $4 Billion
Gina Rinehart’s Salary In 2018 – $4.2 Billion
Gina Rinehart’s Salary In 2019 – $5 Billion
Gina Rinehart’s Salary In 2020 – $5 Billion
Gina Rinehart’s Salary In 2021 – $6 Billion
Gina Rinehart’s Salary In 2022 – $7 Billion

With the ongoing shortage of raw materials needed to drive the world economy and the various threats to peace in parts of the world, Australia is perfectly placed to benefit from increasing commodity prices.

Gina Reinhart is at the forefront of mining and is therefore well-positioned to make huge profits for the foreseeable future.

Gina Rinehart’s Net Worth Annually

Gina Rinehart has managed to create a massive business empire on the back of the huge increase in commodity prices over the past decade.

It is estimated that Rinehart now has a total net worth of over $31 billion.

Here’s a breakdown of Gina Rinehart’s annual net worth:

Gina Rinehart’s Net Worth In 2013- $18 Billion
Gina Rinehart’s Net Worth In 2014- $20 Billion
Gina Rinehart’s Net Worth In 2015- $20 Billion
Gina Rinehart’s Net Worth In 2016- $22 Billion
Gina Rinehart’s Net Worth In 2017- $24 Billion
Gina Rinehart’s Net Worth In 2018- $26 Billion
Gina Rinehart’s Net Worth In 2019- $25 Billion
Gina Rinehart’s Net Worth In 2020- $28 Billion
Gina Rinehart’s Net Worth In 2021 – $30 Billion
Gina Rinehart’s Net Worth In 2022 – $31 Billion

With her business acumen and negotiating skills, we fully expect Reinhart to add massive wealth to her company and personal portfolios in the decades ahead.

Personal Life

In 1973, Gina married Greg Milton and had two children, John Langley and Bianca Hope, before divorcing in 1981.

She was married a second time to Frank Rinehart, who worked as a German-American corporate lawyer. The couple had two children, Hope and Gina, before Frank passed away in 1990.

Gina’s four children have a strained relationship with their wealthy mother, and unfortunately, Gina hasn’t had the best of relationships with her son John.

Gina only attended her two younger daughters’ weddings due to the bad relationship between her and her elder children.

You can find out more about Gina from her official website, where she reveals her latest books, speeches, and photographs.

Awards & Achievements

Gina Reinhart proved early on that she knew what she was doing with her father’s business. The awards she’s won and the high regard in which she is held by the business community are proof that she is a more-than-suitable successor to her father’s legacy.

Here are some of the more memorable moments from Gina Rinehart’s career:

She received an order of merit in 2014 from the Australian Olympic organization for her contribution, something which is extremely rare.
Gina was inducted into the Australian Prospectors and Miners Hall of Fame in 2020.
She was awarded the Diggers and Dealers “Deal of the Year Award” in 2012, making it the first time this award was awarded twice to a chairperson.
In 2020, Gina won the Diggers and Dealers Lifetime Achievement Award, making her the first female to win such an award.
Under Gina’s direction, Roy Hill recently won the Australian Mining Prospect Award, Hard Rock Mine of the Year, and Australian Mine of the Year Award for 2022.

With Gina showing no signs of slowing down, we’re sure that she will be winning many more accolades as she continues her successful career.

How Does Gina Rinehart Spend Her Money?

Gina loves cattle and purchased Fossil Downs, a ranch that stocks 15,000 cattle, for an estimated $25 to $30 million.

Even though Gina prefers to keep a low profile, her philanthropy work isn’t something to sneeze at. She is on the expert advisory board of SISHE, an organization against human trafficking and a major supporter of girl orphanages all over Cambodia.

She resides in luxury homes in various Australian cities and some of the most expensive cars in the world grace her garages.

And to top it all, she maintains one of the most expensive private jets in the world on standby, to take her anywhere in Australia or the world, at a moment’s notice.

Highlights

Gina Reinhart took a broken company and turned it around. In the process, she earned the respect of both the business community and the nation.

Here are some of the best highlights of Gina Rinehart’s career:

The investment in Roy Hill became Hancock Prospecting Group’s largest asset in 2015.
With Gina’s purchase of Fossil Downs, Hancock’s agricultural division is now the second largest producer of cattle in Australia.
Starting with a small share in Fairfax Media, Gina soon turned it into a majority shareholding.
The most impressive investment of her career was the opening of the $10 billion Roy Hill project. Gina raised the largest amount of debt for a main greenfield, land-based mining, and infrastructure project in the world.
She has released three books and is the founder of Australians for Northern Development and Economic Vision.

With her focus on pressing social and business issues, Gina is sure to pull off some exciting deals in the years ahead.

Favorite Gina Rinehart Quotes

Gina Rinehart was groomed from an early age to take over the company from her father. Her aptitude for business and negotiating skills have seen the company grow from a near-bankrupt entity to the powerhouse it is today.

Here are our favorite quotes from Gina Rinehart:

” There is no monopoly on becoming a millionaire. If you’re jealous of those with more money, don’t just sit there and complain. Do something to make more money yourself – spend less time drinking, or smoking and socializing and more time working” – Gina Rinehart
“Become one of those people who work hard, invest and build, and at the same time create employment and opportunities for others. ” – Gina Rinehart
“The investment in our mining industry has been very positive for Australia, but we need to be doing more if we want, as I do, more revenue for our defense – which I think is under-resourced – our police, our elderly, our hospitals, roads, infrastructure, and communication, to be able to repay our debts and enable sustainable job opportunities for existing and future generations. ” – Gina Rinehart
“If you want to help the poor and our next generation, make an investment, reinvestment and businesses welcome. ” – Gina Rinehart
“Just in any job, if you want to get ahead, take shorter lunch breaks, be happy to stay later, do the work, and finish it off well. ” – Gina Rinehart

3 Amazing Lessons From Gina Rinehart

Contrary to popular opinion, Gina was not gifted a fortune. It was her skill and tenacity that turned her father’s company around and built it into a formidable player in international markets.

Now that you know all about Gina Rinehart’s net worth, here are some of the best success lessons to learn from Gina Rinehart:

1. Work Hard To Achieve Your Dream

Gina may have been given a business, but she was the one who had to make it work. She believes that it is only through hard, focused effort, that one can achieve one’s desired outcome.

2. Don’t Waste Your Time On Arbitrary Stuff

Gina always believed that the less time you spend wasting your life away on things that don’t matter, the more time you have to focus on what really counts. The results of this philosophy are plain for all to see in her business successes.

3. There Is Always Room For Improvement

Even though Gina Rinehart achieved impressive results with her company and created immense wealth, she’s never satisfied. By continuing to venture into new businesses, she’s looking for the next big idea to help expand her empire.

Summary

Gina’s business acumen and ability to build a business is a truly impressive achievement. She provides a role model for women everywhere to look up to and shows that no matter your gender, you can still achieve magnificent dreams.

She has been described as an Australian patriot and continues to inspire people wherever she goes.

Through hard work and sacrifice, Gina is a self-made woman who has increased her wealth to a level that competes with the richest people on the planet.

As of October 2023, Gina Rinehart’s net worth is estimated to be $23 Billion.

What do you think about Gina Rinehart’s net worth? Leave a comment below.

Entrepreneurs

Mike Adenuga Net Worth

Published

2 weeks ago

Sep 18, 2023

John Mulder

What is Mike Adenuga’s net worth?

Net Worth: $6 Billion

Age: 70

Born: April 29, 1953

Gender: Male

Height: 1.73 m (5 ft 8 in)

Country of Origin: Nigeria

Source of Wealth: Entrepreneur

Last Updated: September 18, 2023

Net Worth:	$6 Billion
Age:	70
Born:	April 29, 1953
Gender:	Male
Height:	1.73 m (5 ft 8 in)
Country of Origin:	Nigeria
Source of Wealth:	Entrepreneur
Last Updated:	September 18, 2023

Table of Contents

Introduction

Mike Adenuga is a Nigerian billionaire businessman and the second-richest person in Africa.

His company Globacom is Nigeria’s second-largest telecom operator, which has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil.

As of October 2023, Mike Adenuga’s net worth is estimated to be $6 Billion.

Early Life

Michael Adeniyi Agbolade Ishola Adenuga Jr. was born on the 29th of April, 1953, in Ibadan, Nigeria.

His father was a school teacher while his mother was a businesswoman of royal Ijebu descent.

Adenuga received his secondary school education at Ibadan Grammar School, Ibadan, and Comprehensive High School, Aiyetoro, for his Higher School Certificate. He worked as a taxi driver to help fund his university education.

Career

Entrepreneur

No stranger to hard work, Mike Adenuga helped fund his university education by working as a taxi driver before graduating from Northwestern Oklahoma State University.

In 1979, he achieved his first significant success by making his first million dollars from selling lace and distributing soft drinks.

Over the next 11 years, he consolidated his business, investing his profits and building a financial base that would catapult him into the big leagues.

A pivotal step in his career saw him obtain a drilling license in 1990, paving the way for his entry into the Nigerian oil industry.

His company, Consolidated Oil, discovered a commercial quantity of oil in 1990 in Southwestern Ondo State, a milestone for indigenous oil companies in Nigeria.

Businessman

Building on his successful oil venture, he was granted a conditional GSM license in 1999, marking his entry into the telecommunications sector.

Unfortunately, his initial license was revoked, but he persevered and secured a second GSM license in 2003 after a government auction.

Utilizing these lucrative licenses, Adenuga went on to establish Globacom (GLO), a telecom company that gained prominence in Nigeria expanding its footprint throughout the country.

He was so successful that he was named African Entrepreneur of The Year at the first African Telecoms Awards in 2007, highlighting his entrepreneurial excellence.

He joins fellow Nigerian businessmen and entrepreneurial mogul, Aliko Dangote on the list of Forbes Africa’s Billionaires for 2023.

Mergers and Acquisitions Specialist

In May 2015, Adenuga initiated a takeover bid for Comium Côte d’Ivoire, a mobile telecom operator in the Ivory Coast, with a $600 million offer.

The years following Globacom Limited’s initial African expansion into Côte d’Ivoire saw the Nigerian multinational telecommunications company identify further opportunities abroad.

Headquartered in Lagos, GLO remained a privately owned telecommunications carrier with Adenuga holding a controlling interest in the company.

The company currently provides telecommunications services in four countries in West Africa, including Nigeria, the Republic of Benin, Ghana, and Côte d’Ivoire.

The international business community recognizes GLO and its impressive chairman, Dr. Mike Adenuga Jr., for his impressive achievements in a harsh and demanding business environment.

International Recognition

Forbes ranks him as Africa’s 6th richest man, with a personal net worth exceeding $7.3 Billion – ranking 324 on the list of world billionaires.

He built his fortune through diversification and acquisitions, utilizing his massive oil fortune to successfully launch his telecom business in Nigeria before expanding abroad.

Pivotal to the success of his telecommunications company GLO, is the expansion of the service offering to include internet access in addition to phone services.

Starting in 2011, the company built an $800 million, high-capacity fiber-optic submarine cable that connected users to the internet via the United Kingdom.

They rolled out a 4G LTE service in 2016, offering subscribers fast and efficient broadband connectivity, snagging just under 40 million internet subscribers by 2020.

Mike Adenuga lives his life by following one of the famous Nelson Mandela quotes – “There is no passion to be found playing small.”

Philanthropist and Innovation Specialist

Adenuga and his companies support social and community development, making it a priority to engage in philanthropic efforts and support a variety of upliftment initiatives.

His innovative business strategies and personal leadership are pivotal in driving the growth of his diverse ventures and building an impressive African brand.

The businesses in his portfolio make a huge contribution to the economic development of West Africa, playing a vital role in the region’s development.

Key to his business growth and expansion is his unwavering commitment to job development, creating tremendous opportunities for communities in the region.

With his focus on indigenous business growth, Adenuga’s impressive achievements highlight the potential of African businesses on a global scale.

By providing the technological infrastructure to facilitate business, his telecom ventures contribute to advancing technology infrastructure across Nigeria and neighboring countries.

Adenuga has built an extensive global network, collaborating with business leaders like Microsoft founder Bill Gates who pledged $100 million to address malnutrition in Nigeria.

Mike Adenuga’s Net Worth

As of October 2023, Mike Adenuga’s net worth is $6 Billion.

Highlights

Here are some of the best highlights of Mike Adenuga’s career:

Globacom is Nigeria’s second-largest telecom operator
He owns stakes in the Equitorial Trust Bank
Grand Commander of the Order of the Niger (2012)
Commander of the Legion of Honour (2018)

Favorite Quotes From Mike Adenuga

“The harder you work, the luckier you get” – Mike Adenuga

1 Strong Lesson From Mike Adenuga

Now that you know all about Mike Adenuga’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. Grow Stronger Than Before

Accepting, embracing, and learning from the change makes you stronger and better than you were in the past. The ability to learn from your past makes you a better person. A person who is able to deal with the changes more easily and is able to move on without having any regrets in life.

Frequently Asked Questions

How much is Mike Adenuga worth?

Mike Adenuga’s net worth is estimated to be $6 Billion.

How old is Mike Adenuga?

Mike Adenuga was born on April 29, 1953, and is currently 70 years old.

How tall is Mike Adenuga?

Mike Adenuga’s height is 1.73 m, which is equal to 5 ft 8 in.

Summary

Mike Adenuga is a Nigerian billionaire who is one of the richest Africans.

With over 24 million customers in Nigeria, Globacom also operates in the Republic of Benin, where it recently acquired licenses to start businesses in Ghana and the Ivory Coast.

As of October 2023, Mike Adenuga’s net worth is $6 Billion.

What do you think about Mike Adenuga’s net worth? Leave a comment below.

Entrepreneurs

Giovanni Ferrero Net Worth

Published

3 weeks ago

Sep 14, 2023

Emmy Wallin

What is Giovanni Ferrero’s net worth?

Net Worth: $28 Billion

Age: 58

Born: September 21, 1964

Gender: Male

Height: Unknown

Country of Origin: Italy

Source of Wealth: Entrepreneur

Last Updated: March 8, 2023

Net Worth:	$28 Billion
Age:	58
Born:	September 21, 1964
Gender:	Male
Height:	Unknown
Country of Origin:	Italy
Source of Wealth:	Entrepreneur
Last Updated:	March 8, 2023

Table of Contents

Introduction

Giovanni Ferrero is an Italian businessman from Italy.

Ferrero assumed the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011.

He was born in Farigliano, Italy. In 1975, he moved to Brussels, Belgium, where he studied at the European Schools.[

As of October 2023, Giovanni Ferrero’s net worth is estimated to be roughly $28 Billion.

Early Life

Giovanni Ferrero was born on the 21st of September, 1964, in Farigliano, Italy.

Ferrero is Maria Franca Fissolo and Michele Ferrero, the owner of the multinational confectionery corporation Ferrero.

In 1975, he moved to Brussels, Belgium, where he studied at the European Schools. Then he moved to the US, where he studied marketing at Lebanon Valley College.

Career

The Ferrero Group originated when Ferrero’s grandfather, Pietro Ferrero, opened a chocolate shop in Alba, Italy, in 1946, Forbes reported. The store’s main product was Supercrema. A hazelnut spread born from wartime chocolate shortages; it was the precursor to Nutella.

Over 70 years later, the Ferrero Group is the world’s second-largest confectionery company. Bloomberg reported that the company sold $11.9 billion worth of sweets in the fiscal year ending in August 2018.

Thanks to various product additions and company acquisitions, the Ferrero Group’s products now include Tic Tac mints; Kinder chocolates; Baby Ruth, Butterfinger, and Crunch candy bars; and Keebler, Famous Amos, and Little Brownie Bakers cookies; in addition to Nutella and Ferrero Rocher, according to a July press release.

Giovanni and his brother Pietro became the company’s co-CEOs in 1997.

Ferrero makes brands such as Nutella, Ferrero Rocher, and Tic Tac. They do over $11 billion a year in revenue and employ more than 20,000 people.

As of October 2023, Giovanni Ferrero’s net worth is estimated to be roughly $28 Billion.

Highlights

Here are some of the best highlights of Giovanni Ferrero’s career:

Ferrero leads Ferrero SpA
He became joint-CEO of Ferrero (1997)

Favorite Quotes From Giovanni Ferrero

“Tradition is like a bow. The more we stretch the bowstring, the farther we can throw the arrows of modernity and innovation.” – Giovanni Ferrero

“Soon, we’ll be able to delist. We’re pleased with the chances of expanding into the British market that the purchase of Thorntons grants us.” – Giovanni Ferrero

“I am very confident that Mr. Lapo Civiletti will ensure continuity in reaching business goals and effectively support the Group in its growth objectives. He has been chosen for his business acumen, vision, and mission-driven orientation while truly fostering the Ferrero culture and core values.” – Giovanni Ferrero

“I am sure that the new Governance will boost our company’s growth while staying true to our roots. This will be the essential step to combine “the best of our worlds”: our distinctive entrepreneurship, our managerial excellence, and the quality of all our people, the perfect blend for success.” – Giovanni Ferrero

3 Life Lessons From The Ferrero Family

Now that you know all about Giovanni Ferrero’s net worth and how he achieved success; let’s take a look at some of the strongest lessons we can learn from him and his family:

1. Seizing The Opportunity

Ferrero’s father, pastry maker Pietro, is credited with creating the recipe for Nutella. He added hazelnut to the first batch in 1964 when cocoa was in short supply – but it was Michele who built the Nutella brand and decided to take it to the masses. Ferrero is estimated to be the world’s fourth-largest chocolate confectionery company.

More than 365,000 tonnes of Nutella are produced each year in 11 factories around the world.

The company’s largest market is Germany, followed by Italy and France.

2. Innovation Is Key

Not content with just one product, Ferrero developed Kinder chocolate in 1968 and won children’s hearts worldwide from 1974 when the Kinder Surprise eggs became available. According to the Ferrero website, more than 30 billion Kinder Surprise eggs have been sold.

3. Give Back To Your Community

The foundation offers financial support to former employees who worked for the Ferrero Group for at least 25 years and educational, creative, and recreational initiatives for all former employees. Give back.

Frequently Asked Questions

How much is Giovanni Ferrero worth?

Giovanni Ferrero’s net worth is estimated to be $28 Billion.

How old is Giovanni Ferrero?

Giovanni Ferrero was born on September 21, 1964, and is currently 59 years old.

How tall is Giovanni Ferrero?

Giovanni Ferrero’s height is Unknown.

Summary

Giovanni Ferrero is the richest man in Italy and the secretive billionaire behind the Ferrero Group.

The Ferrero Group is the world’s second-largest chocolatier and the maker of Nutella, Ferrero Rocher, and Tic Tacs.

Ferrero will drive the Group by focusing on long-term strategies, new business directions, and breakthrough innovation while assuring continuity in the company’s culture and values.

As of October 2023, Giovanni Ferrero’s net worth is estimated to be roughly $28 Billion.

What do you think about Giovanni Ferrero’s net worth? Leave a comment below.

Entrepreneurs

Joseph Lau Net Worth

Published

3 weeks ago

Sep 14, 2023

Emmy Wallin

What is Joseph Lau’s net worth?

Net Worth: $7.2 Billion

Age: 72

Born: January 1, 1951

Gender: Male

Height: Unknown

Country of Origin: China

Source of Wealth: Entrepreneur

Last Updated: March 8, 2023

Net Worth:	$7.2 Billion
Age:	72
Born:	January 1, 1951
Gender:	Male
Height:	Unknown
Country of Origin:	China
Source of Wealth:	Entrepreneur
Last Updated:	March 8, 2023

Table of Contents

Introduction

Joseph Lau is a Hong Kong billionaire.

Lau owns a 61% stake in Chinese Estates Holdings, and his fortune is estimated by Forbes at $15.1 billion as of April 2017. Lau is an avid art collector, and in 2017 Forbes has estimated the value of his collection to be a total of $1 billion.

As of October 2023, Joseph Lau’s net worth is estimated to be roughly $7.2 Billion.

Early Life

Joseph Lau Luen Hung was born on the 21st of July, 1951, in Hong Kong.

He has a younger brother and two younger sisters. Lau married Bo Wing-Kam in 1977, and they were divorced in 1992.

He became the majority shareholder of Chinese Estates Holdings when he acquired a 43% stake in the company through Evergo in 1986. Since then, he’s expanded his real estate investments through a series of acquisitions.

Career

Joseph Lau reportedly had a 61% stake in Chinese Estates Holdings, a significant Chinese investment holding company based in Hong Kong, China – its subsidiaries principally engaging in property investment and development, brokerage, securities investment, and money lending.

In 2007, Lau was among the first of seven purchasers of a Boeing 787 Dreamliner jet for his private use and according to the Sunday Times. He also owns one of the world’s finest red wine collections, with at least 10,000 bottles.

He is also known as an avid art collector. In 2012, the Macau Court of Final Appeal confirmed that Lau and Steven Lo were involved in offering Macau’s former public works chief Ao Man-long HK$20 million over the bid for five plots of land opposite Macau International Airport.

Lau and Lo were charged with bribery and money laundering. They both denied the charges, and Lo earlier told the court that the HK$20 million was an initial payment to construction company San Meng Fai.

In 2014 Lau and Lo were found guilty of the charges against them in Macau’s Court of First Instance. Lau was sentenced to five years and three months in prison, but he appealed.

As of October 2023, Joseph Lau’s net worth is estimated to be roughly $7.2 Billion.

More Entrepreneurs:

How Does Joseph Lau Spend His Money?

Joseph Lau spends some of his money on his massive art collection and wine.

Joseph Lau’s Art Collection and Wine Collection

Lau is a well-known art collector, and the total value of his art collection is estimated to be $1 billion. He owns more than 10,000 bottles of red wine.

In October 2020, the sales of Lau’s French wines at Sotheby’s in Hong Kong brought a total of $6.8 million, more than doubling pre-sale expectations.

Highlights

Here are some of the best highlights of Joseph Lau’s career:

Becomes the largest shareholder of Chinese Estates, a property developer, with a 43% stake (1986)
Buys Pablo Picasso’s “Buste de Femme” for $67.4 million (2015)

Favorite Quotes From Joseph Lau and His Wife Chan

“Prior to the breakup, I maintained and took care of Ms. Lui and gave her lots of money, jewelry, and other gifts, the total value of which exceeded HK$2 billion.” – Joseph Lau

“The pandemic is the biggest challenge for me. People show little appetite for shopping, and our leasing business is under increasing pressure to cut rent. My team and I have been trying a lot of methods to attract consumers.” – Chan Hoi-wan

“He’s been a businessman for many years, so he’s always thinking about the market and business even when just staying at home. But unless I ask him for an opinion, he will not talk about company business with me.” – Chan Hoi-wan

3 Powerful Lessons From Joseph Lau

Now that you know all about Joseph Lau’s net worth and how he achieved success; let’s take a look at some of the lessons that we can learn from him:

1. Get Out There

If you want something out of life, you have to go out there and get it, because it is not just going to be given to you.¨

2. Live

Live life to the fullest, and focus on the positive.

3. Listen More

The leader’s job is to pay attention to what other people say, especially those who think their views don’t count.

Frequently Asked Questions

How much is Joseph Lau worth?

Joseph Lau’s net worth is estimated to be $7.2 Billion.

How old is Joseph Lau?

Joseph Lau was born on January 1, 1951, and is currently 72 years old.

How tall is Joseph Lau?

Joseph Lau’s height is Unknown.

Summary

Joseph Lau is a Hong Kong real estate investor who is best known for owning a 61% stake in Chinese Estates Holdings. Lau is one of the richest people in China.

Lau’s unique art collection comprises his red wine collection of 10,000 bottles. He also has famous paintings such as Paul Gauguin’s “Te Poipoi” which is worth $39.2 million.

As of October 2023, Joseph Lau’s net worth is estimated to be roughly $7.2 Billion.