Stanley Ho

Stanley Ho

Businessman, king of gambling
Date of Birth: 25.11.1921
Country: China

Content:
  1. Biography of Stanley Ho
  2. Success in the Gambling Industry
  3. International Investments and Influence
  4. Challenges and Controversies
  5. Personal Life

Biography of Stanley Ho

Stanley Ho, also known as Ho-Hung-Sun, is a Chinese businessman and renowned figure in the gambling industry. He was born on November 25, 1921, in China. Ho's business empire thrives primarily in Hong Kong and Macau, where he is often referred to as the "King of Gambling." According to Forbes magazine, he was recognized as one of the world's wealthiest individuals in 2007, ranking 104 on the list.

Success in the Gambling Industry

With a monopoly on gambling in Macau for over thirty-five years, Ho has established himself as the most affluent person in the region. His fortune, estimated at $7 billion, is primarily derived from various investments, including casinos, tourism, shipping, real estate, and banking. His business empire accounts for approximately one-third of the total production in Macau. In 2003, he contributed around 30% of the state treasury through taxes. Notably, Ho is also the largest registered employer in Macau, providing employment opportunities for over ten thousand individuals.

International Investments and Influence

In addition to Hong Kong and Macau, Ho has made significant investments in China, Portugal, North Korea, Vietnam, and the Philippines. He holds several important positions in Asian firms and is highly regarded by fellow businessmen. His opinions hold substantial weight in the local market. Ho's business activities encompass casinos, lotteries, and horse racing betting, which collectively earned him a fortune of $4.8 billion in 2005. Notably, he owns the world's largest casino, Lisboa, which contributes $3.5 billion to his wealth.

Challenges and Controversies

Despite his success, Ho faces allegations and scrutiny from Canadian, American, British, and Australian intelligence agencies. These organizations claim that his involvement in the gambling industry and his overall business operations are intertwined with Asian organized crime. However, Ho vehemently denies these accusations, consistently providing negative responses to the claims.

Personal Life

At the age of 83, Ho is a respected international entrepreneur. He has three wives and seventeen children. The Canadian business community recognizes him as one of the most prosperous businessmen, honoring him with numerous medals and accolades throughout his career. Although his reputation is occasionally marred by controversy, Ho remains a prominent figure in the business world.

© BIOGRAPHS