Deborah Ho Chiu Hung
Two units at Mount Nicholson on The Peak have reportedly been pre-leased for HK$1.2 million, or HK$600,000 for each unit monthly, meaning a per square- foot price of HK$135 a month.
A rift in the first family of late gaming tycoon Stanley Ho Hung-sun deepened on Tuesday after his eldest surviving child distanced herself from her sister following legal action by the latter to register interest in their father’s estate in Hong Kong.In a statement issued through her lawyers, Angela Ho Chiu-yin said she and the rest of the first family did not support the caveat filed on. Ms Maisy Ho Chiu Ha is the Executive Director of Shun Tak Holdings Limited, a conglomerate listed in Hong Kong with core businesses in property, transportation, hospitality and investments. Ms Ho holds a BA in Telecommunications and a BA in Psychology from Pepperdine University, USA. Stanley Ho Hung-sun GBM GLM GBS GML OBE CStJ SPMP SPMT (Chinese: 何鴻燊, 25 November 1921 – 26 May 2020) was a Hong Kong-Macau billionaire businessman. His original patrilineal surname was Bosman, which was later sinicized to 何 (Ho). He was of Dutch-Jewish, English and Chinese ancestry. He was the founder and chairman of SJM Holdings, which owns nineteen casinos in Macau including the. In a statement issued through her lawyers, Angela Ho Chiu-yin said she and the rest of the first family did not support the caveat filed on June 5 by younger sister Deborah Ho. Deborah Ho, a daughter of the tycoon’s deceased first wife Clementina Leitao, triggered a legal action in the High Court last Tuesday by asking her elder sister, Angela Ho Chiu-yin, who is the.
The two luxury flats worth about HK$130 million, with total area of 8,855 sq ft, are owned by Alice Ho-chiu yan, daughter of Macau casino tycoon Stanley Ho Hung-sun, sources say.
Completed in 2015, Mount Nicholson is a joint venture project developed by Nan Fung Group and Wheelock, with units ranging in size from 4,000 to 9,950 sq ft.
In Tai Tam, a 2,070 sq-ft home in Park Place rented out recently for HK$110,000 monthly, or about HK$53 per sq-ft a month, says Ricacorp Properties. Located at 7 Tai Tam Reservoir Road, the owner bought this three- bedroom view home in 1985 for HK$3.15 million.
Meanwhile, a 1,862 sq ft home at Larvotto in Ap Lei Chau changed hands for HK$54.8 million, or HK$29,431 per sq ft.
The vendor acquired the three- bedroom flat with a balcony for HK$54.49 million in 2010, representing less than 1 percent appreciation over seven years.
Ricacorp said 130 flats at Larvotto are currently listed, with asking price starting at HK$8.3 million.
Stanley Ho.
The name is familiar to many, especially those in the gambling world. However, the story of how this man and his family came to be the most prominent figures in the Asian gambling industry is less well-known.
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This short bio will give you the rundown on how this man built an empire during his life, which came with its fair share of controversy along the way.
The Early Years
Stanley Ho was born Ho Hung Sun on November 25, 1921. He was born into a very wealthy and influential family in British Hong Kong, with 8 older siblings before him (and more to come after him). However, that wealth was short-lived; his father went bankrupt while Ho was young. To make matters even worse, two of his brothers committed suicide. There was clearly a lot of trauma for the young Ho to deal with.
Ho was very bright; he received a scholarship from the University of Hong Kong, where he attended but never had the chance to finish his degree.
The family had to flee Hong Kong to Macau during World War II when the Japanese invaded; he never completed the degree, but as you can imagine, that did not stop him from amassing an empire.
His fortune didn’t originally come from gambling. He started working at an import-export business in Macau and made his first riches by smuggling goods into mainland China from the province of Macau. Subsequently, he started a kerosene company along with a construction business in an effort to establish himself as a legitimate businessman.
The turning point for Ho’s career came in 1982. At that time, there was no gambling on Macau, but that was about to change; the province was about to award a gambling monopoly, and Ho wanted in.
He and his partners Yip Hon, Teddy Yip, and Henry Fok put together a lavish bid for the licenses, promising not only gambling revenue but also to build better infrastructure in the area in order to improve Macau as a tourist destination.
The group controlled all the gaming in Macau for almost thirty years until another license was awarded in 2001. You can imagine how much money the group made; they still own 19 different casinos in Macau.
Unlike his partners, Ho was not satisfied with just the casino revenue; he wanted to build a diverse empire.
That led to his parlaying the profits from the gambling venture into other investments. He invested in banks, entertainment companies, hotels, and airlines, giving him a diverse portfolio.
He also wanted to invest outside of Macau, so he took his money and spread it across the globe into many different investments.
This includes having projects in Canada, East Timor, Mozambique, Vietnam, Portugal, China, Hong Kong, Indonesia, and the Philippines. The one-time smuggler was now amassing a global group of companies under his name.
Wait…How Many Wives?
So, this is where the story of Stanley Ho gets very interesting. As it turns out, the man continued to subscribe to the idea of polygamy well after it was outlawed in China.
The end result is that there are four women who Ho has called his “wife”. We are not sure if any of them are legally married, but as you will see, this will become important later in Ho’s life.
- Clementina Leitao
- Lucina Laam King Ying
- Ina Chan Un Chan
- Angela Leong On Kei
Along with these four wives come a staggering 17 children. Here is how that all breaks down, with the eldest born in 1947 and the youngest in 1999:
- Jane Ho Chiu Ying
- Robert Ho Yau Kwong
- Angela Ho Chiu Yin
- Deborah Ho Chiu Hung
- Pansy Ho Chiu King
- Daisy Ho Chiu Fung
- Maisy Ho Chiu Ha
- Josie Ho Chiu Yi
- Lawrence Ho Yau Lung
- Florinda Ho Chiu Wan
- Laurinda Ho Chiu Lin
- Orlando Ho Yau Kai
- Sabrina Ho Chiu Yeng
- Arnaldo Ho Yau Heng
- Mario Ho Yau Kwan
- Alice Ho Chiu Yan
- Orlando Ho (passed away at the age of 7)
The Fall and the Fallout
In 2009, Ho had a serious accident in which he fell and suffered significant head trauma. He required brain surgery and needed to stay in the hospital for seven months.
That set off serious drama in the family, trying to determine who controlled the business and the fortune in his absence. As he had no actual will to speak of, the battle for control got ugly, taking over two years to settle.
Now, it all seems to be clear how the companies and money are split up between the family members.
Even though he came back to relatively good health after the fall, Ho was advancing in age, and finally removed himself from the day-to-day activity of running his businesses.
He is rarely seen in public anymore.
Deborah Ho Chiu Hung
Awards and Recognitions
Deborah Ho Chiu Hung Pictures
- Commander of the Order of Benefaction
- Commander of the Order of Prince Henry the Navigator
- Chevalier de la Legion d’Honneur
- Commander of the Most Venerable Order of St. John of Jerusalem
- Honorary Doctorate of Social Sciences
- Grand Officer of the Order of Prince Henry the Navigator 1985.
- Eqvitem Commendatorem Ordinis Sancti Gregorii Magni by His Holiness Pope John Paul II
- Officer of the Order of the British Empire
- Grand Cross of the Order of Merit
- Honourable Order of the Crown of Perak
- Naval Medal, Vasco da Gama
- Silver Cross Medal of Social Solidarity
- Great Cross of the Order of Prince Henrique
- Award for Outstanding Achievement
- Honorable Order of the Crown of Terengganu
- Medal of the Naval Cross, First Class
- Honorable Medal of Golden Lotus Flower
- Gold Medal of Merit in Tourism
- Gold Bauhinia Star
- Commandeur de la Legion d’Honneur
- Chinese Charity Award
- Commander of the Order of the Crown
- Grand Medal of Lotus Flower
- Medal for Business Entrepreneurialism
- Beijing Olympics Honor
- G2E Asia Visionary Award
- Hong Kong Montblanc Arts Patronage Award
- Grand Bauhinia Medal