Lui Che Woo
Gaming

Lui Che Woo Net Worth

Lui Che Woo is a Hong Kong billionaire who saw his wealth jump by 50% in 2016 due to recovering casino revenues. He established the Lui Che Woo Prize in October 2016, which awards $2.6 million to each of its laureates and focuses on promoting mutual respect, understanding and coexistence. Lui arrived in Hong Kong at the age of 4 and sold food on the street to support his family. His eldest son, Francis Lui, now runs the gambling side of the family business, while his four siblings hold various roles within the K. Wah Group.
Lui Che Woo is a member of Gaming

Age, Biography and Wiki

Birth Year 1929
Birth Place Hong Kong, Hong Kong, Hong Kong
Age 94 YEARS OLD
Residence Hong Kong
Spouse(s) Married, 5 children

💰 Net worth: $13.9 Billion (2024)

Lui Che Woo, a prominent figure in the gaming industry in Hong Kong, is projected to have a substantial net worth of $13.9 billion by 2024. With his immense success and business acumen, Lui has built a fortune through his extensive ventures in the gaming sector. Renowned for founding Galaxy Entertainment Group, Lui has played a significant role in shaping the gaming landscape in Hong Kong and beyond. His immense wealth is a testament to his remarkable achievements, as well as his tremendous contributions to the gaming industry.

2010 $1.4 Billion
2011 $3.8 Billion
2012 $5.7 Billion
2013 $10.7 Billion
2014 $22 Billion
2015 $13.5 Billion
2016 $7.6 Billion
2017 $12.1 Billion
2018 $21 Billion

Biography/Timeline

1950

Lui established the first K. Wah company in Hong Kong in the 1950s. Its major member companies include K. Wah International Holdings Ltd. (Stock code: 173.HK), Galaxy Entertainment Group (HKSE: 27.HK), Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah has developed into a multi-national conglomerate involving gambling, property, entertainment & leisure, construction materials and hotels, with over 200 subsidiaries and more than 33,000 employees in Hong Kong, mainland China, Macau, North America and South-East Asia.

1960

In the 1960s, Lui branched out from construction materials to property investment. The 1980s marked entry into hotel development and expansion into mainland China the next decade. In 2002, he ventured into Macau's Gaming Business and his Business became one of the six Gaming concessionaires in Macau.

1981

Lui was Chairman of the Tung Wah Group of Hospitals in 1981-2.

1982

In 1982, Dr Lui was made a Member of the Order of the British Empire (MBE) by Queen Elizabeth and was appointed as a Justice of the Peace (JP) in 1986.

1999

In 1999, Lui provided funds for the Stanford University Medical Centre to set up Lui Che Woo Research Laboratory.

2001

In recognition of his support for education and contributions to worthwhile causes, Dr Lui has been conferred with a number of honourary degrees. In 2001, he was awarded the degree of Doctor of Laws, Honoris Causa by the University of Victoria.In 2002, Dr Lui was conferred the degree of Doctor of Social Science, Honoris Causa, by the Chinese University of Hong Kongand an Honorary University Fellowship by the University of Hong Kong.In 2004, he was awarded the degree of Honorary Doctor of Laws by Concordia University in 2004.In 2005, Dr Lui was awarded the degree of Doctor of Business Administration, Honoris Causa, by the Hong Kong Polytechnic University in 2005, as well as the degree of Doctor of Social Sciences, Honoris Causa, by the University of Hong Kong in 2016.

2002

In 2002, the Lui Che Woo Awards for CUHK/Cornell Student Exchange Programme in Hospitality Management was established to facilitate academic exchanges of the School of Hotel and Tourism Management.

2005

In 2005, Dr Lui was also awarded the Gold Bauhinia Star (GBS) for his contributions to the development of Hong Kong.

2006

In December 2006, Lui was elected to the small-circle Election Committee, in the Hotels Subsector, for the Third Term chief Executive of the Hong Kong Special Administrative Region selection process. He has also been a member of the Hong Kong Government's Steering Committee on MICE (Meetings, Incentives, Conventions and Exhibitions) from 2007.

2007

In 2007, Dr Lui was honoured as the Business Person of the Year at the DHL/South China Morning Post Hong Kong Business Awards.

2011

In May 2011, Galaxy Entertainment Group Limited opened the $2 billion Galaxy Macau casino and hotel in Macau with 2,200 rooms, 50 restaurants, 450 gambling tables, an artificial beach and a wave pool.

2012

In 2012, he was awarded the Grand Bauhinia Medal by the HKSAR Government for his significant contribution to Hong Kong.

2015

Marking K. Wah Group's 60th anniversary in 2015, Lui established the Lui Che Woo Prize – Prize for World Civilisation, in Hong Kong, an international prize said to honour and recognise individuals or organisations for, inter alia, "promotion of positive life attitude and enhancement of positive energy".

Some Lui Che Woo images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.