Joseph Lau Luen-hung (Chinese: 劉鑾雄; born 21 July 1951) is a Hong Kong billionaire businessman.
[6] He lives in one of the most expensive houses in Hong Kong, at Goldsmith Road, Jardine's Lookout, valued at HK$2.5 billion with Chan Hoi-wan.
Lau attended the University of Windsor in Canada before returning to join his family's business making electric fans in 1974.
[8] Chinese Estates Holdings developed The ONE, the tallest retail complex in Hong Kong, which opened in 2010.
[9] In March 2014, Lau resigned from his positions as chairman and CEO of Chinese Estates after a Macau court convicted him of bribery and money laundering.
[13] In 2007, Lau purchased Paul Gauguin's Te Poipoi (The Morning) (1892), a painting of a Tahitian scene, for $39.2 million at a Sotheby's auction.
[14] In February 2020, Lau offered his David Hockney painting The Splash (1966) at Sotheby's contemporary art sale in London.
[16] In October 2020, the sales of Lau's French wines at Sotheby's in Hong Kong brought a total of $6.8 million, more than doubling pre-sale expectations.
Lau Ming-wai, a British citizen, is vice-chairman of Chinese Estates Group and is both chairman of the government's Commission on Youth and on the steering committee of the HK$10 billion Community Care Fund, established in 2010.
[28] In 2017, citing serious health issues, the business tycoon has transferred his 75% shares in Chinese Estates to his new wife and his son.
They both denied the charges and Lo earlier told the court that the HK$20 million was a preliminary payment to construction company San Meng Fai.