Stanley Ho

Who is Stanley Ho?

Stanley Ho GBM GLM GBS GML OBE, also known as Ho Hung Sun, Stanley Ho Hung Sun, is a Hong Kong and Macanese business magnate. Ho has been nicknamed "The King of Gambling", reflecting the government-granted monopoly he held on the Macau gambling industry for 40 years. In 2011 he was the 13th richest man in Hong Kong with a net worth of US$2 billion. He is also Macau's wealthiest person and amongst the wealthiest in Asia. He owns many properties in both Hong Kong and Macau and has taken part in many kinds of business including entertainment, tourism, shipping, real estate, banking, and air transport. It is also estimated that his enterprises employ almost one fourth of the workforce of Macau.

Apart from Hong Kong and Macau, he has also invested in mainland China, Portugal, North Korea, Vietnam, the Philippines, Mozambique and East Timor.

Ho is also an industrialist and entrepreneur in Asia and has held a number of important positions in many firms in Hong Kong and Macau. His opinions and statements on Hong Kong's real estate and commercial development have considerable sway on the market. In the past few years he has been involved in litigation with his own sister, Winnie Ho, concerning the ownership of the Macau casino. Having suffered a stroke in July 2009, followed by a long period of recovery, Ho began steps in late 2010, subsequently hotly disputed and in confusing circumstances, to devolve his grip on his financial empire to his various wives and children.