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Pansy Ho has joined the rank of Asia’s richest businesswomen with an estimated net worth of $4.1 billion. The windfall from the public listing of MGM China in Hong Kong has boosted her bank account with over $1.4 billion in cash, while her 29% stake in the Macau gambling venture is now valued at nearly $2.2 billion.
Pansy (born on 26 August 1962), is the daughter of gambling tycoon Stanley Ho, 89, a longtime fixture on the Forbes Hong Kong Rich List. Although the elder Ho’s four-decade monopoly on gambling in Macau was ended in 2002, the industry is still very much a family affair. Besides Pansy’s role with MGM China, her brother Lawrence Ho is co-chairman of Melco Crown Entertainment, a joint venture with Australian billionaire James Packer.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2018 |
Asset |
Purchase value of Pansy Ho's 13,059-square-meter mansion in one of Hong Kong’s most exclusive neighbourhoods, The Peak |
$114,910,000 |
|
2018 |
Asset |
Money spent for the development of Melco Resorts' Morpheus its most luxurious property in its massive City of Dreams development on the Cotai Strip as the co-chairperson of MGM China Holdings |
$1,100,000,000 |
|
2015 |
Asset |
Current value of Pansy Ho's 1.1% stake in SJM Holdings, the family's casino company |
$110,000,000 |
|
2013 |
Asset |
Purchase value of Shun Tak Holdings' 33.3% stake in budget airline Jetstar Hong Kong, a joint venture between Qantas Airways and China Eastern Airlines as the company's managing director |
$66,000,000 |
|
2000 |
Asset |
Purchase value of Pansy Ho's stake in SJM Holdings, the family's casino company |
$12,500,000 |