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Hui Wing Mau Net Worth

Hui Wing Mau Net Worth

Net Worth: $5.05 Billion

Statistics
  • Source of Wealth Real Estate
  • Birth Place Shishi, Fujian, China
  • Marital Status Married
  • Full Name Xu Rongmao
  • Nationality Chinese
  • Date of Birth 1950
  • Occupation Founder and Chairman of Shimao Property Holdings Limited
  • Education University of South Australia (MBA)
  • Children two children
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About Hui Wing Mau

Chinese entrepreneur and billionaire Hui Wing Mau has an estimated net worth of $5.05 billion as of March 2017, according to Bloomberg. Born in 1950 in Shishi, Fujian, China, his other name is Xu Rongmao in Traditional Chinese.

 

He is the founder and the chairman of the Hong Kong-listed Shimao Property Holdings Limited, a diversified real estate development company that specializes in property development, property investment, and hotel operations in the People’s Republic of China. As one of the largest real estate developers in the country, it develops large-scale residential projects, hotels, and other commercial buildings in the prime locations. According to its latest financial report, it currently has more than 70 projects under way. The most notable among its ongoing projects are Ningbo Shimao Sea Dawn and Kunshan Shimao Butterfly Bay.

With an estimated net worth of $4.4 billion, Forbes listed Mr. Hui Wing Mau as one of the richest persons in Hong Kong and China. He is also the 262nd richest person in the list of World Billionaires. A mainland native who resides in Hong Kong, he also serves as the Chairman of Shanghai Shimao, a 64% owned real estate subsidiary of Shimao Property. His son Jason is the vice chairman and the apparent heir to the leadership of the main business of the family. His daughter Carol is the president of smaller Shanghai Shingmao. He is also the vice chairman of the China National Federation of Industry and Commerce, the vice president of China Overseas Chinese Entrepreneurs Association, and the chairman of Shanghai Overseas Chinese Chamber of Commerce.

During the first half of 2012, sales at Shimao Property rose by 12.4% to $485 million.Mr. Hui’s earnings were up with the big rise in the stock price of the company which in turn has been fueled by expectations of a pick-up in the property prices and sales in China this year.