Calvin Lo
| Calvin Lo | |
|---|---|
| File:HK CLO RELEE 2.jpgHK CLO RELEE 2.jpg | |
| Born | |
| 🏡 Residence | Hong Kong SAR |
| 🏳️ Nationality | Hong Kong SAR |
| 💼 Occupation | Businessperson |
| Known for | • CEO of R.E. Lee International • Founder of R.E. Lee Capital |
| 💰 Net worth | US$1.7 Billion (August 2019) |
Calvin Lo (Chinese: 盧啟賢) is a billionaire entrepreneur and philanthropist from Hong Kong.[1][2]
Career[edit]
Calvin Lo is the heir and the chief executive officer of R.E. Lee International,[3][4] a family-owned life insurance brokerage firm founded in 1954,[5] offering business succession and estate planning services to businesses and ultra high net-worth individuals.[6][7] It is estimated that Lo's group places US$1 billion of premiums annually.[8] Lo is also the founder of R.E. Lee Capital,[9] an asset management firm with US$8 billion under management.[10][11][12]
In September 2019, Lo bought over Taiwan's most luxurious hotel, the Mandarin Oriental Taipei, one of the Mandarin Oriental Hotel Group properties for US$1.24 billion (NT $38.5 billion).[13][14][15]
Wealth and philanthropy[edit]
In 2019, Forbes estimated Lo's personal net worth at US$1.7 billion[16][17] and is ranked 43rd richest person in Hong Kong.[18][19] In 2019, public filings show that Lo has set up different charitable trusts in the Cayman Islands worth US$245 million for his philanthropic initiatives.[20][21][22]
To help with the Covid 19 relief efforts in 2020, Lo donated US$5 million,[23][24] 500,000 masks, and 35,000 boxes of sanitizers to help with the underprivileged in Taiwan and Hong Kong, and US$8 million to the hard-hit province of Wuhan.[25][26]
Lo was a board member of the Jane Goodall Institute from 2006 to 2018,[27] and advocated the well-being of animals, the community and the environment.[28][29]
Lo is Asia's largest purchaser and collector of French champagne and spent US$230 million for his collection in 2018.[30]S He is a hyper-car collector and owns the rare Pagani Huayra BC.[31][32] Lo is also one of Asia's first owner of the private jet, Gulfstream G650.[33]
References[edit]
- ↑ "Hong Kong's Most Under-the-Radar Billionaire: Calvin Lo". Entrepreneur. 2018-11-02. Retrieved 2020-05-28.
- ↑ "Billionaire Investor: Calvin Lo". in.style.yahoo.com. Retrieved 2020-05-28.
- ↑ "台北文華東方傳大裁員！資遣一半員工 暫不接受訂房｜東森財經新聞". 東森財經新聞 (in 中文). Retrieved 2020-06-13.
- ↑ Hill, Zane (2019-08-01). "Barth Athletics Complex at HMS to Open Aug. 10". Outlook Newspapers. Retrieved 2020-06-13.
- ↑ "The secretive billionaire: Calvin Lo". London Business News | Londonlovesbusiness.com. 2018-11-23. Retrieved 2020-05-28.
- ↑ Matters, Business (2020-03-25). "Inside the world of life insurance brokers". Business Matters. Retrieved 2020-05-28.
- ↑ "Hong Kong's Most Under-the-Radar Billionaire: Calvin Lo". Retail News Asia. 2018-11-22. Retrieved 2020-06-13.
- ↑ Matters, Business (2020-03-25). "Inside the world of life insurance brokers". Business Matters. Retrieved 2020-03-26.
- ↑ "How the Wealthy Uses Social Media". TNT Magazine. Retrieved 2020-05-28. Unknown parameter
|url-status=ignored (help) - ↑ "Hidden Billionaire Funding Growth". newswire.net. 2020-04-11. Retrieved 2020-05-28. Unknown parameter
|url-status=ignored (help) - ↑ "Hong Kong's Most Under-the-Radar Billionaire: Calvin Lo". Retail News Asia. 2018-11-22. Retrieved 2020-05-28.
- ↑ "Estate Planner to the Ultra High Net Worth: Calvin Lo". International Business Times, Singapore Edition. 2020-06-12. Retrieved 2020-06-13.
- ↑ "Mandarin Oriental mum on talk of ownership change - Taipei Times". www.taipeitimes.com. Retrieved 2019-10-04.
- ↑ ETtoday新聞雲. "「神秘高帥巨富」385億買下台北文華東方！失婚情史被起底…前女友是廖碧兒 | ETtoday星光雲". star.ettoday.net (in 中文). Retrieved 2020-05-28.
- ↑ "Mandarin Oriental mum on talk of ownership change - Taipei Times". www.taipeitimes.com. 2019-09-25. Retrieved 2020-05-28.
- ↑ Vigo, Julian. "How New Technology Affects Our Consumption Of Art And Media". Forbes. Retrieved 2020-05-28.
- ↑ "Mandarin Oriental mum on talk of ownership change - Taipei Times". www.taipeitimes.com. 2019-09-25. Retrieved 2020-03-24.
- ↑ ExpressDigest. "Calvin Lo's long distance philanthropy succeeds | | Express Digest". Retrieved 2020-05-28.
- ↑ NetNewsLedger (2020-02-25). "NetNewsLedger - R. E. Lee Capital CEO Calvin Lo's Net Worth reaches US$1.7 Billion". NetNewsLedger. Retrieved 2020-05-28.
- ↑ "The Most Impressive Acts Of Charity". Reader’s Digest. Retrieved 2020-05-17. Unknown parameter
|url-status=ignored (help) - ↑ "These Asians Are Crazy Rich, And Crazy Generous". Vulcan Post. 2019-01-21. Retrieved 2020-05-18. Unknown parameter
|url-status=ignored (help) - ↑ "The Most Impressive Acts Of Charity By Famous People". International Business Times, Singapore Edition. 2020-05-15. Retrieved 2020-05-28.
- ↑ Huey, Debbie. "Billionaire Giving Back...Silently". BuzzFeed Community. Retrieved 2020-05-28.
- ↑ "The secretive billionaire: Calvin Lo". London Business News | Londonlovesbusiness.com. 2018-11-23. Retrieved 2020-06-13.
- ↑ "The Most Impressive Acts Of Charity By Famous People". International Business Times, Singapore Edition. 2020-05-15. Retrieved 2020-05-16.
- ↑ https://plus.google.com/+TNTMagazine. "How the Wealthy Uses Social Media". TNT Magazine. Retrieved 2020-06-13.
- ↑ "Understanding new generation of charitable Chinese: Calvin Lo's long distance philanthropy succeeds". EconoTimes. 2020-05-19. Retrieved 2020-05-28.
- ↑ "Billionaires Stepping Up to Fight Covid-19". In NewsWeekly. Retrieved 2020-05-17. Unknown parameter
|url-status=ignored (help) - ↑ Vigo, Julian. "How New Technology Affects Our Consumption Of Art And Media". Forbes. Retrieved 2020-06-13.
- ↑ "Inside the World of Hong Kong Billionaire Investor Calvin Lo". LUXUO. 2019-03-05. Retrieved 2020-05-28.
- ↑ Post, Vulcan (2019-01-21). "These Asians Are Crazy Rich, And Crazy Generous". Vulcan Post. Retrieved 2020-05-28.
- ↑ Post, Vulcan (2018-12-17). "The Allure of Billionaires". Vulcan Post. Retrieved 2020-06-13.
- ↑ "Hongkong Actress Bernice Liu's Billionaire Boyfriend Splurges S$323mil On Champagne". 8 Days. Retrieved 2020-05-28.
External links[edit]
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