Joseph Lau and family
Joseph Lau | $ 8.8 Billion
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Hong Kong

Joseph Lau

Chinese Estates Holdings

Net Worth $ 8.8 Billion
Joseph Lau and family
Joseph Lau
Joseph Lau
  • Birthday1st Jan, 70
  • Birth PlaceHong Kong
  • Marital statusDivorced
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Born Joseph Lau Luen Hung has an estimated net worth $8.8 billion. The Chairman of Chinese Estates Holdings Limited, Joseph Lau Luen-hung is a billionaire Hong Kong real estate investor. Born in Hong Kong in 1951, Joseph attended the University of Windsor and Santa Clara University before starting the real estate business. An avid art lover, Joseph also owns a collection of some of the most unique expensive art pieces on the planet and is still eager for accumulating many more in future. Joseph founded the firm “Chinese Estates Holdings” dealing in property investment and development, property management, brokerages and securities investment. The real estate firm has invested HK 1.9 billion in Hong Kong, and has plans to list a Real Estate Investment Trust to feature on the Hong Kong stock exchange. The billionaire real estate entrepreneur has apartments worth $500 million available for sale and holds further plans to develop real estate properties worth $245 million. The Hong Kong's fifth-richest man owns a bunch of lavish asset and properties which include his £33 million Eaton Square home, majestic Sunseeker yacht, Boeing 787 Dreamliner jet and a number of unique collectibles. A significant possession, Joseph’s unique art collection comprises his red wine collection of 10,000 bottles, famous paintings including Paul Gauguin's “Te Poipoi” worth $39.2 million, a 7.03 carat blue diamond worth $9.48 million and Cloissonné cranes. An active philanthropist, Joseph also established the Joseph Lau Luen-hung Charitable Trust to promote education, sports and arts. One of the richest men in Asia, Joseph is the father of five children, two from his wife Bo Wing-kam, one from his girlfriend Chan Hoi-wan and two from his another girlfriend Yvonne Lui. Currently, Joseph stays in Hong Kong with Yvonne and their two children.

Family & relationships

Joseph Lau Estates and Homes (1)

Joseph Lau's Belgravia mansion interiors

Eaton Sqaure home

The Hong Kong billionaire owns a plush home in Eaton Square, Belgravia, which he bought for a reported sum of £33 million. Previously owned by South African investor Vivian Imerman, the six floor mansion features a stunning exterior geometry and beautiful interior décor.


Location: Joseph’s magnificent home is located in Eaton Square, Belgravia.

 

Accommodation: The six floor home features comfy and spacious rooms, separate servant quarters and its own cinema room. The home also includes a marvelously adorned living room, well equipped indoor gym and a gorgeous swimming pool for outdoor entertainment.

Eaton Square home

Eaton Square home
Eaton Square home

Joseph Lau Yachts (1)

Sunseeker Yacht

Sunseeker Yacht

The Hong Kong's fifth-richest man owns the majestic yacht “Sunseeker”, which is designed, built and equipped considering the highest standards. It features a deep ‘V’ hull, offering good cruising ranges and easy of handling in dissimilar sea conditions.


Features: Sunseeker features three spacious internal decks which include the main deck, the aft deck and sundeck. The main deck features a large main salon and includes a large flat screen TV and a central coffee table with comfortable couches surrounding it. The large size aft deck features al fresco dining, a u shaped couch and a bar. The sundeck features a Jacuzzi, a large bar and al fresco dining, and offers plenty of space for the members to relax on sun pads. The well equipped formal dining area holds space for up to 12 guests.


Accommodation: The majestic yacht features six luxurious cabins offering comfy accommodation for maximum 12 guests. The cabins include a Master suite, a VIP cabin, three double cabins and one twin cabin featuring an extra pullman berth.

Specification: Equipped with two 2812HP MTU engines, the yacht features a cruising speed of 18 knots. It has a beam of 8m and an excellent range of 1,000 nautical miles at a speed of 13.5 knots.

Joseph Lau Private jets (1)

Boeing 787

Boeing 787

The Hong Kong real estate developer owns a Boeing 787 jet, which is reported to cost him $153 million. Featuring a cabin space of 2,404 square feet, the private jet can easily accommodate maximum 250 passengers on routes from Hong Kong to Los Angeles or New York. The spacious and calm cabin is well equipped with comfy seats and world class equipments to significantly enhance the travelling experience. Specifically designed for wealthy entrepreneurs like Joseph, the mega-business jet is equipped with powerful Rolls Royce engines and features more cargo space for storing luggage. 

Joseph Lau Cause (1)

Joseph Lau Luen-hung Charitable Trust

Joseph Lau Luen-hung Charitable Trust

The Chairman of Chinese Estates Holdings Limited, Joseph Lau Luen-hung founded the Joseph Lau Luen-hung Charitable Trust in 1997, to supports activities that encourage  education, sports, medical care, arts, and other charitable causes. The foundation aims basically to improve the lives of the underprivileged by offering funds and donations. The Charitable Trust donated $125 million to the City University of Hong Kong in 2011, to start a new category of student awards for the underprivileged students, and to support other innovative projects and strategies for the development of students.

Joseph Lau Collectibles (5)

Blue Diamond

Blue diamond

The Hong Kong business tycoon bought a 7.03 carat blue diamond in 2009 for a reported record breaking amount of $9.48 million, maximum value ever paid for a blue diamond. Joseph bought the precious blue diamond after a reported hectic bidding of 15 minutes at Sotheby’s Geneva. A loving father, Joseph named the cushion shaped diamond “Star of Josephine” after his youngest daughter. The internally flawless and superbly attractive rare diamond was unearthed at the Cullinan mine of “Petra Diamonds” company in South Africa. An avid art collector, Joseph also got entry into the world-class baubles Hall of Fame, after acquiring the fancy diamond.

Te poi poi

Te poi poi (painting)

The Hong Kong business tycoon purchased Paul Gauguin's “Te Poipoi” painting on 7 November 2007, at Sotheby's Auction for a reported amount of $39.2 million. A marvelous picture of one of the best Tahitian scenes, the painting was a part of the well-known American compilation of “Joan Whitney Payson”, before it got auctioned for the multi-million amount.

Red wine collection

Red wine collection

The Hong Kong billionaire owns one of the finest collections of Red Wine, with not less than 10,000 bottles. For sure, Joseph who has a net worth of $2.1 billion adores spending his accumulated wealth on a distinctive compilation of Red wine bottles and glorious art pieces.

Mao Zedong painting

Mao Zedong painting

Joseph Lau is the proud owner of Andy Warhol’s painting “Mao Zedong”, a portrait of the late leader offered by Switzerland based Daros Collection, which is the possessor of one of the largest number of private holdings of Warhol paintings. One of the ten large-scale portraits of Mao, the 84-inch tall painting depicts the late leader in a deep blue tight-collared jacket.  Keeping the background light blue in color, Mao’s face is painted pink while the cheeks have a tone of yellow. Joseph bought the sensational portrait from an auction at the Christie's auction house in New York, for a cool $16.4 million, plus a commission of $1 million, setting up a world auction record for the creator.

Cloissonné cranes

Cloissonné cranes

The Hong Kong real estate investor owns the highly valued Cloissonné cranes, a master work featuring a pair of five-foot-tall cloisonné statues. An avid art collector, Joseph bought the pair of cranes for a whopping $16.7 million, which might not be a huge price for the Hong Kong collector having a net worth of $5.8 billion. The master piece features the long-legged wading birds standing on rocks, above an unstable sea.

 

Each of the crane pair features a smaller, younger crane standing next to a taller, older crane, with the taller crane holding a peach in his beak. An ancient Chinese masterpiece, the crane statues are considered to be a probable gift from Prince Hongli (rule 1735-1796) to his father, Emperor Yongzheng (rule 1722-1735), with the smaller crane representing the prince and taller one representing the emperor. Manufactured from an incredibly labor-intensive technique, the crane pair features a smooth, rounded shape and a polished body, which is extremely difficult to achieve for a crafter. 

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