10 Things You Didn’t Know About Lui Che Woo

Are you interested in self-made billionaires and wondering about their lifestyle and business strategies? This article is aimed at revealing intriguing and less-known facts about Lui Che Woo — a renowned business magnate, philanthropist, and one of the wealthiest persons in Hong Kong.

1. Lui Che Woo – The Man With Humble Beginnings

Lui Che Woo wasn’t born with a silver spoon. He began with a small business of selling food in Hong Kong streets during World War II. Despite the hardship, these circumstances honed his business acumen, resourcefulness, and determination to succeed.

Later on, he entered the construction material trade due to the housing boom and established K. Wah Group in 1955. This was a stepping stone to his successful journey, proving that in every adversity lies a seed of equivalent opportunity.

2. His First Experience with Gambling

Having grown up during the war, Lui Che Woo was exposed early on to the risky and unpredictable world of business. His first experience with gambling was at the age of seven, playing by the seaside. This marked the beginning of his connection with the gambling industry.

He didn’t build a career out of gambling then, but this experience surely ignited the spark. His initial connection with gambling would later play a significant role in making him one of the richest men in Hong Kong.

3. Unconventional Approach towards Education

Lui Che Woo’s approach to education is nothing but distinctive. Pulling himself from his school at an early age, he self-educated throughout the war and after. His unconventional approach ended up shaping his keen business tactics.

Despite not enjoying the conventional schooling system, he values education and its impact on society. To embark upon this belief, he has generously contributed to the establishment and growth of various institutions.

4. Establishing His Empire in Macau

In 2002, Lui Che Woo established Galaxy Entertainment Group, a hotel and casino company in Macau. This was the first step to his monumental success in the gaming industry.

His accomplishment in establishing a thriving casino empire in Macau proved pivotal. Galaxy Entertainment now has a major share of Macau’s thriving casino business, making Lui Che Woo a recognized gambling mogul globally.

5. Philanthropic Efforts

Lui Che Woo believes in giving back to the community. He has consistently dedicated a significant part of his wealth to various philanthropic causes.

In 2015, he established the Lui Che Woo Prize, an international award recognizing and honouring outstanding individuals or organizations for their contributions towards the betterment of civilization and inspired humanity.

6. Family Involvement in Business

Like many successful Asian businessmen, Lui Che Woo involves his family in his ventures. He sees his family as a strong pillar for the sustainability of his business empire.

His son, Francis Lui, took the reins of Galaxy Entertainment Group in 2011. The business has thrived under the leadership of the younger Lui, accounting for a larger share of the family’s fortune.

7. Healthy Lifestyle

The billionaire leads a healthy lifestyle. Despite his busy schedule, he ensures to keep his fitness and health in check.

Lui Che Woo is known for his strict daily regimen, which includes waking up early, exercising, and practicing calligraphy. Evidently, his commitment to a healthy lifestyle has helped to keep him fit and energetic, despite being over 90.

8. Belief in Luck

His early experiences undeniably instilled a strong belief in luck. He attributes much of his success to being at the right place at the right time.

However, he doesn’t solely rely on luck in his business strategy. Rising from the ashes of adversity, he has demonstrated how to create opportunities and economic prospects where there seemingly are none.

9. Real Estate Mogul

Beyond his gaming empire, Lui Che Woo is also a titan in the real estate industry. He has amassed his wealth from smart and timely investments in land and properties.

His real estate portfolio includes numerous high-profile properties across Hong Kong, China, and abroad. This diversified business approach has cushioned him against potential downturns in any single market.

10. The Art of Adaptation

Lui Che Woo’s life is a testament to the art of adaptation. Starting from selling food on the streets to establishing a diverse empire, his adaptability has been a significant factor in his success.

Through business diversification, he not only built a safety net but also ensured the continued growth of his fortune. This strategy has secured him a spot on the list of Hong Kong’s wealthiest individuals for many consecutive years.

Learning about Lui Che Woo, we see that success is not always linear. It’s the ability to adapt, seize opportunities and endure hardships that serve as the keys to his extraordinary achievements. Understanding his story helps us to explore the factors that shaped one of Asia’s most successful business tycoons.

For more about Lui Che Woo, visit:
Lui Che Woo on Wikipedia
Lui Che Woo on Forbes
Lui Che Woo on Bloomberg Billionaires Index