Examine individual changes

'{{Infobox person |name=Joseph Lau Luen-hung |image= |birth_date={{birth year and age|1951}} |birth_place=[[Hong Kong]] |citizenship= [[Hong Kong]],<ref name="Forbes"/> [[United Kingdom]] |occupation=Chairman of [[Chinese Estates Holdings]] |relations=[[Thomas Lau]] (younger brother) |spouse=Bo Wing-kam [[:zh:寶詠琴|寶詠琴]] (m. 1977; d. 1992) |partner= [[Yvonne Lui]] [[:zh:呂麗君|呂麗君]] (2002 – present)<br>Chan Hoi-wan [[:zh:陳凱韻|陳凱韻]] (2003 – present) |children= 6 |alma_mater=[[University of Windsor]]<ref>{{cite web|url=http://www.chineseestates.com/eng/Page/Group+Profile/Board+of+Directors/Chinese+Estates+Holdings+Limited.aspx|title=Board of Directors|publisher=Chinese Estates Group|year=2012|accessdate=29 February 2012}}</ref> |net_worth={{increase}} US$11.5 billion (June 2015)<ref name="Forbes">[http://www.forbes.com/lists/2010/10/billionaires-2010_Joseph-Lau_VLP2.html "129 Joseph Lau"], ''Forbes''</ref> | }} '''Joseph Lau Luen Hung''' ({{zh|c=劉鑾雄}}) (Born 1951 in [[Hong Kong]] with family roots in [[Chaozhou]], [[Guangdong]]) is a [[billionaire]] [[Hong Kong]] real estate investor who owns a 61% stake in [[Chinese Estates Holdings]]. His fortune is estimated by ''[[Forbes]]'' at $11.5 billion as of June 2015.<ref name="forbes">{{cite news| url=http://www.forbes.com/lists/2008/10/billionaires08_Joseph-Lau_VLP2.html | work=Forbes | title=#247 Joseph Lau | date=5 March 2008}}</ref> ==Notable purchases== In May 2007, Lau was revealed to be among the first seven purchasers of a [[Boeing 787]] Dreamliner jet for private use.<ref name="abcnews">[http://www.abcnews.go.com/Technology/wireStory?id=3200271 ABC News: ABC News<!-- Bot generated title -->]</ref> According to the ''[[Sunday Times]]'', Lau owns one of the world's finest red wine collections, with at least 10,000 bottles, and is an avid art collector.<ref name="Forbes" /><ref>Stephen Jones [http://money.uk.msn.com/news/rich-lists/photos.aspx?cp-documentid=157329311&page=11 "Article 15. Joseph Lau: £3.937b"], ''Sunday Times Rich List 2011'', 9 May 2011</ref> On 7 November 2007, he made the top purchase of the evening at a [[Sotheby's]] auction by paying $39.2 million for [[Paul Gauguin]]'s ''Te Poipoi'', a painting of a [[Tahiti]]an scene.<ref name="portfolio">{{de icon}} [http://www.portfolio.com/culture-lifestyle/culture-inc/arts/2007/11/08/Sothebys-Auction Sothebys Auction - Portfolio.com<!-- Bot generated title -->]</ref> ===Diamonds=== In November 2015 Lau bought two of the most expensive jewels in history, both for his daughter Josephine (born 2008).<ref name=Diamond>{{cite news|title=What a gem: Hong Kong tycoon buys daughter $48 mn diamond|url=http://news.yahoo.com/gem-hong-kong-tycoon-buys-daughter-48-mn-043248101.html|accessdate=12 November 2015|agency=Agence France-Presse|publisher=Yahoo News|date=12 November 2015}}</ref> On 11 November at a [[Sotheby's]] auction in Geneva, Lau bought the a blue diamond of 12.03 [[carat]]s, for US$48.4 million, setting new records for the most expensive jewel sold at auction and the most expensive diamond ever.<ref name=Diamond></ref> The previous day Lau had bought a 16.08-carat pink diamond for US$28.5 million.<ref name=Diamond></ref> He subsequently renamed them the "[[Blue Moon of Josephine Diamond|Blue Moon of Josephine]]" and "[[Sweet Josephine Diamond|Sweet Josephine]]" respectively.<ref name=Diamond></ref> Lau had also previously bought a US$9.5-million blue diamond in 2009 that he named the "Star of Josephine".<ref name=GuardNov15>{{cite news |url=http://www.theguardian.com/world/2015/nov/12/billionaire-buys-7-year-old-daughter-blue-moon-diamond-for-record-48m |title=Billionaire buys 7-year-old daughter Blue Moon diamond for record $48m |date=12 November 2015 |work=The Guardian |accessdate=12 November 2015}}</ref> ==2012 corruption case== On 31 May 2012, the [[Court of Final Appeal (Macau)|Macau Court of Final Appeal]] confirmed that Lau and [[Steven Lo]] were involved in the case of offering Macau's former public works chief [[Ao Man-long]] HK$20 million over the bid for five plots of land opposite [[Macau International Airport]]. Lau and Lo were charged with bribery and money laundering. They both denied the charges and Lo earlier told the court that the HK$20 million was a preliminary payment to construction company San Meng Fai. On 14 March 2014 Lau and Lo were found guilty of the charges against them in Macau's [[Legal system of Macau#High Court|Court of First Instance]]. Lau was sentenced to five years and three months in prison, but he appealed. <ref>{{cite news|title=Billionaire Lau Guilty of Bribery, Corruption in Macau|url=http://www.bloomberg.com/news/articles/2014-03-14/billionaire-lau-guilty-of-bribery-corruption-in-macau|accessdate=12 November 2015|agency=Bloomberg News|date=14 March 2014}}</ref> However, the [[Legal system of Macau#High Court|Court of Second Instance]] rejected his and Lo's appeals on 19 July 2015 and let the length of their prison terms stand.<ref>{{cite news|last1=Lai|first1=Stephanie|title=Court of Second Instance rejects appeal lodged by Joseph Lau, Steven Lo|url=http://macaubusinessdaily.com/Politics/Court-Second-Instance-rejects-appeal-lodged-Joseph-Lau-Steven-Lo|accessdate=12 November 2015|publisher=Macau Business Daily|date=19 July 2015}}</ref> Lau has so far escaped extradition to macau as Macau and Hong Kong do not have an [[extradition]] treaty.<ref name=Diamond></ref> ==Family== Lau married Bo Wing-kam (1954–2003) in 1977 and they were divorced in 1992. They had two children; a son, Lau Ming-wai (born 1980) and daughter Jade Lau Sau-yung (born 1983). Lau Ming-wai is vice-chairman of [[Chinese Estates Group]] and is on the steering committee of the HK$10 billion [[Community Care Fund]], established in 2010. In 2011, he was part of [[Henry Tang]]'s election team for the [[Hong Kong Chief Executive election, 2012|2012 chief executive election]].<ref>Lo, Alex (28 Nov 2011). [http://www.scmp.com/article/986189/man-henry-tangs-coat-tails "The man on Henry Tang's coat-tails"], ''SCMP''.</ref> In 2001 Lau met [[Yvonne Lui]], then aged approximately 24. The couple have a daughter and a son. Lau has also had two children with former assistant Kimbie Chan (aka Chan Hoi-wan) – a daughter, Josephine (born 2008) and a son (born 2012).<ref name=20101028forbes>{{Cite news|url=http://www.forbes.com/sites/robertolsen/2010/10/28/tycoons-two-girlfriends-seek-1-4-billion-of-aia-shares/|title=Tycoon's Two Girlfriends Seek $1.4 Billion of AIA Shares|first=Robert|last=Olsen|publisher=Forbes|date=28 October 2010|accessdate=21 June 2013}}</ref> In 2008, Lau became the grandfather of twins. Lau junior acceded to the chairmanship of Chinese Estates following his father's conviction in the court of Macau on bribery charges in 2004 following the revelations of [[Ao Man Long]]; Sue Chan, the elder sister of Lau's girlfriend Kimbie, became the chief executive of the company Lau founded.<ref name=20151112ejinsight>http://www.ejinsight.com/20151112-joseph-lau-the-gift-that-keeps-on-giving/</ref> Lau dedicated two diamonds purchased at auction at record-breaking prices to Josephine.<ref name=20151112ejinsight/> == See others == *[[Thomas Lau]], younger brother ==References== {{reflist}} {{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. --> | NAME = Lau, Joseph | ALTERNATIVE NAMES = | SHORT DESCRIPTION = Hong Kong businessman | DATE OF BIRTH = 1951 | PLACE OF BIRTH = Hong Kong, British Empire | DATE OF DEATH = | PLACE OF DEATH = }} {{DEFAULTSORT:Lau, Joseph}} [[Category:1951 births]] [[Category:Living people]] [[Category:Hong Kong entrepreneurs]] [[Category:Hong Kong chief executives]] [[Category:Hong Kong financial businesspeople]] [[Category:Hong Kong billionaires]] [[Category:Hong Kong people of Chaoshanese descent]] [[Category:Hong Kong real estate businesspeople]]'