Stanley Ho Net Worth
His birth name is Ho Hung Sun.He has also been nicknamed as “The King of Gambling”.He also held Macau gaming industry for 40 years and in 2011 was named as the 13th richest guy in Hong Kong with his net income of US$2 billion. With his own sister Winnie Ho, he has been involved in litigation for recent years, concerning the possession of the Macau casino. Following that, he suffered from a stroke in july 2009 and was followed by a long interval of recovery.
When Ho was merely 13 years old, his family was bankrupted due to the crash in the stock market. So then he determined that his studies could only take out his family from this calamity. Ho attended the Queens’s College in Hong Kong. Ho also won a scholarship at the University of Hong Kong and with that became the first pupil who was awarded a scholarship. But with the outbreak of World War II, he was unable to study more. He settled in Macau in 1942.Ho married his first wife in the year 1942 and following that he wed three other girls later and has now 17 children born to four girls.
At the age of 22 just, with his gift and command over four languages, he became a partner of the firm and within a short period won the trust of his employers. He started his work at the import –export firm in Macau. He made his first money through smuggling goods during World War II across the Chinese border from Macau.Ho shortly created a Kerosene firm in the year 1943 with his money made during the Second World War. He soon started bidding for Macau franchises with his own brother-in-law the late Teddy Yip, the well-known Hong Kong tycoon the late Henry Fok and well-known Macau gambler the late Yip Hon. By their high command, they won the public tender for Macau’s gaming monopoly at a price of approximately US$410,000 by defeating the Fu family, longtime Macau casino barons. He also possesses TurboJet, one of the world’s largest fleets of high speed jetfoils. Shortly in the year 1989, he became chairman as well as chief executive officer of the Macau Jockey Club. He also became the first living resident of Macau to have a local street named after him. Moreover he also started the site DrHo888.com,an online casino with Vancouver-based eyeball.com. SLOT, Asia’s first football and basketball lottery was also found by Ho.
During the period 1999-2002,Ho was said to be involved in ‘several prohibited actions’ and also was linked to a Chinese mafia named Kung Lok Triad.
Awards and accomplishments
He has won many awards throughout his life and has great accomplishments in his pocket. Stanley Ho was awarded an honorary doctorate of social sciences in the University of Macau in the year 1984.Additional,Ho was also appointed as Official of the Order of the British Empire for his immence services to Hong Kong.Not only this, the Portuguese government appointed Ho to the Gra-cruz da Ordem do Infante Dom Henrique, greatest honour for any civilian.
For his outstanding contribution to the community, Ho received the Gold Bauhinia Star in the Chief Executive of Hong Kong, Tung Chee Hwa. Not only this, Ho also received the medal in the city of Cascias for Company Entrepreneurialism. Moreover, Stanley Ho also became the first surviving Chinese citizen, whom after a street was named which was running adjacent to the Estoril Casino and was named as Avenida Stanley Ho. Lately in the year 2008, Ho was awarded at the G2E Asia seminar which was organised by the American Gaming Association. For his exceptionally critical contribution to the well being of Hong Kong, he was awarded the Grand Bauhinia Medal, one of the greatest Hong Kong honours. Ho also donated a Qig dynasty bronze sculpture of a horse’s head initially taken from the Old Summer Place to the Chinese government on 21 September 2007.
Stanley Ho is one of the wealthy personality around the world. His net worth is US$2 billion. He is a multi-billionaire and his primary supply of wealth is by gaming. For over the 40 years he held the Macau gaming industry in his hands and is notoriously renowned as “The King of Gambling”. His business is not only restricted to gaming, he has a large hand in the community development of Hong Kong. For his lifelong contribution the community of Macau and Hong Kong, he was given many honorary and lifetime awards. He also became the first surviving citizen, whom after a street was named.