Source of Wealth:Real Estate
Full Name:Or Wai Sheun
Occupation:Executive Director and Chairman of Kowloon Development
About Or Wai Sheun
Or Wai Sheun is a Hong Kong businessman with an estimated net worth of $2.1 billion as of March 2013. According to Forbes’ 50 Richest List in Hong Kong, he is the 27th richest person. He is ranked 704th in the list of World Billionaires.
Mr. Or Wai Sheun earned his estimated net worth of $2.1 billion with the Hong Kong-listed Kowloon Development. His wealth even increased with the continued gains in the real estate prices. At the company, he is responsible for the development of corporate strategies, corporate planning, and general management as the head of corporate strategies and planning. He has more than 20 years of experience in property development and investment, and the textile and garment business in Hong Kong and Macau.
He has been the Executive Director of Kowloon Development since January 16, 2002 and also serves as its Executive Chairman. He is planning to capitalize on the future growth of Kennedy Town which is located at the western end of the island. The place is now evolving into a new expat location with the 49-story residential tower called the Cadogan which will be completed by 2014. The company’s other projects include the 35-story Gardenia in Kowloon. Currently, its subsidiary, Polytec Asset Holdings Ltd., develops property in Macau and it also owns an oil exploration and production company.
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