With a fortune of around US$8 billion, Dr Lui Che Woo is one of the wealthiest men in Hong Kong. He is the father-of-five behind real estate developer and holding company, K. Wah International and Galaxy Entertainment, one of the biggest casinos in Asia.
Now aged 87, Lui’s first step towards becoming a billionaire was selling peanuts as a teenager during the Japanese occupation of Hong Kong. He attributes his sense of drive and ambition to being the main breadwinner for his family at age 13.
For the last thirty years Lui has been a major philanthropist, donating millions in educational facilities in China and Hong Kong. Denied formal schooling as a child, education is a cause close to Lui’s heart. Last September Lui established the innovative Lui Prize for World Civilisation which takes the format of three annual awards of HK$60 million (around US$7.75 million). Split between three winners, the finalists will be announced in the third quarter of this year.
“When I came up with this prize I speculated on how we can emphasise more new terms such as ‘positive energy’, and ways how people can learn to adjust their attitude or make others feel comfortable,” he explains.
In this video he discusses his life, work and giving.
Look out for the full interview with Dr. Lui Che Woo in the June 2016 issue of Billionaire Magazine