Joseph Lau
Hong Kong, Hong Kong
Hong Kong
real estate, Self Made
$16,500,000,000
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#65 Billionaires 2019
#4 Hong Kong's 50 Richest 2019
In 2017 Joseph Lau said he's transferred most of his wealth to his new wife and a son, citing serious health issues.In November 2016 he took out full-page newspaper ads announcing his split with a former girlfriend and the mother of two of his children.An avid art collector, he boasts pieces from Warhol, Gauguin and Hockney worth at least $1 billion.He became a billionaire in 2006 and his brother Thomas is also a billionaire.
Lau purchased a 12-carat blue diamond for a record-breaking $49 million in November 2015.Lau was sentenced to 5 years in prison by a Macau court for bribery and money laundering in 2014, but he can't be extradited to Macau and hasn't spent a day in jail.
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