Joseph Lau Luen Hung (Born 1951 in Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

 with family roots in Chaozhou

Chaozhou

Chaozhou is a city in eastern Guangdong province of the People's Republic of China. It borders Shantou to the south, Jieyang to the southwest, Meizhou to the northwest, the province of Fujian to the east, and the South China Sea to the southeast...

, Guangdong

Guangdong

Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...

) is a billionaire

Billionaire

A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...

 Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

 real estate investor who owns a 61% stake in Chinese Estates Holdings

Chinese Estates Holdings

Chinese Estates Holdings Limited is a major Chinese investment holding company, based in Hong Kong.Its subsidiaries are principally engaged in property investment and development, brokerage, securities investment and money lending....

. His fortune is estimated by Forbes

Forbes

Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

at $4.3 billion.

Wealth

In May 2007, Lau was revealed to be among the first seven purchasers of a Boeing 787

Boeing 787

The Boeing 787 Dreamliner is a long-range, mid-size wide-body, twin-engine jet airliner developed by Boeing Commercial Airplanes. It seats 210 to 290 passengers, depending on the variant. Boeing states that it is the company's most fuel-efficient airliner and the world's first major airliner to use...

 Dreamliner jet for private use. And on 7 November 2007, he made the top purchase of the evening at a Sotheby's Auction by paying $39.2 million for Paul Gauguin's

Paul Gauguin

Eugène Henri Paul Gauguin was a leading French Post-Impressionist artist. He was an important figure in the Symbolist movement as a painter, sculptor, print-maker, ceramist, and writer...

 Te Poipoi, a painting of a Tahiti

Tahiti

Tahiti is the largest island in the Windward group of French Polynesia, located in the archipelago of the Society Islands in the southern Pacific Ocean. It is the economic, cultural and political centre of French Polynesia. The island was formed from volcanic activity and is high and mountainous...

an scene.

According to the Sunday Times, Lau owns one of the world's finest red wine collections, with at least 10,000 bottles, and is an avid art collector.

Family

Lau married Bo Wing-kam (24 January 1954 — 20 April 2003) in 1977 and they were divorced in 1992. Their two children are Lau Ming-wai (b 1980) and Jade Lau Sau-yung (b.1983). Lau Ming-wai was married to Wendy from 2001 to 2010, when they divorced. The couple have twins - a son and a daughter (b 2008). Lau is vice-chairman of Chinese Estates Group

Chinese Estates Group

Chinese Estates Group is a real estate development group based in Hong Kong. The group comprises three Hong Kong publicly listed companies : Chinese Estates Holdings Limited , Chi Cheung Investment Company, Limited and G-Prop Limited .Historically, Chinese Estates Group has been focused on the...

 and is on the steering committee of the HK$10 billion Community Care Fund, begun in 2010. In 2011, he was part of Henry Tang

Henry Tang

Henry Tang Ying-yen, GBM, GBS, JP was the Chief Secretary for Administration of Hong Kong until his resignation in September 2011. He is a candidate in the Hong Kong Chief Executive election of 2012, and believed to be preferred by Beijing....

's election team on Tang's campaign to be chief executive

Chief Executive of Hong Kong

The Chief Executive of Hong Kong is the President of the Executive Council of Hong Kong and head of the Government of the Hong Kong Special Administrative Region. The position was created to replace the Governor of Hong Kong, who was the head of the Hong Kong government during British rule...

.

In 2001, Joseph Lau met Yvonne Lui

Yvonne Lui

Yvonne Lui is partner of Hong Kong property and real-estate billionaire Joseph Lau, whom she met in 2001 while studying in London.-Early life and education:...

 while she was studying in London, then aged approximately 24. The couple are not married but have two children: Lau Sau-ying (b 2002) and a son (b 2010).

Joseph Lau also has (or had) a relationship with Chan Hoi-wan, resulting in the birth of Josephine Lau Sau-wah (b 23 October 2008)