Peter Woo Kwong-ching, GBM, GBS, JP (Chinese: 吳光正; born September 5, 1946) is a Hong Kong billionaire businessman. He was the chairman of Wheelock and Company and The Wharf (Holdings) until 19 May 2015. As of April 2021, his net worth is estimated to be $14 billion.[1]
Peter Woo | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Born | Woo Kwong-ching September 5, 1946 Shanghai, China | ||||||||
| Education | University of Cincinnati Columbia Business School | ||||||||
| Occupation(s) | Former chairman of Wheelock and Company and The Wharf (Holdings) | ||||||||
| Spouse | Bessie Pao Pui-yung | ||||||||
| Children | 3 (including Douglas Woo) | ||||||||
| Relatives | Yue-kong Pao (father-in-law) | ||||||||
| Chinese name | |||||||||
| Traditional Chinese | 吳光正 | ||||||||
| Simplified Chinese | 吴光正 | ||||||||
| |||||||||
As per Forbes list of The Richest People In The World, dated 8 MARCH 2024 Peter Woo ranked #126 with a net worth of $15.1 Billion.[2]
Education
editWoo was born in Shanghai in 1946 with ancestral roots in Ningbo, Zhejiang,[3][4] and moved to Hong Kong in 1949.[citation needed][5] He was educated at St Stephen's College, a Direct Subsidy Scheme privately owned but government-funded boarding school (which is also Hong Kong's largest secondary school), in the town of Stanley, and went on to attain his bachelor's degree from the University of Cincinnati, majoring in physics.[6] While a student, Woo was senior class president,[7] and became a member of Delta Tau Delta fraternity, an endeavor he is still involved in today. He later obtained an MBA from Columbia Business School in New York, US.[citation needed]
Life and career
editAfter graduating, Woo worked at Chase Manhattan Bank in New York and Hong Kong, where he met his future wife Bessie. Bessie was the sister of the woman he was arranged to be married to. His family did not approve of a non-Asian marriage.[8]
Woo's diversified interests are reflected in his businesses, focusing in real estate development in Hong Kong, China and Singapore.[citation needed] The group owns several investment properties such as Harbour City and Times Square in Hong Kong, as well as operating other businesses such as i-Cable Communications, Modern Terminals and Marco Polo Hotels.[citation needed] Woo also owns the privately held, high-end luxury retail group LCJG, which includes Lane Crawford and the premier fashion house, Joyce.[citation needed] Woo also serves on the advisory board for various Fortune 500 companies such as Chase Manhattan Bank, JPMorgan Chase and General Electric.[9]
Political and non-profit
editWoo is a member of the Standing Committee of the Chinese People’s Political Consultative Conference.[citation needed]
His past appointments include:
- Chairman of the Council of the Hong Kong Polytechnic University from 1993 to 1997.[citation needed]
- Founding chairman of the Hong Kong Environment and Conservation Fund Committee in 1994 until 2004.[citation needed]
- Chairman of the Hong Kong Hospital Authority from 1995 to 2000.[citation needed]
- Chairman of the Hong Kong Trade Development Council from 2000 to 2007.[citation needed]
In 1996, Woo ran in the First Hong Kong Chief Executive Election just before the British colony was handed over back to Chinese rule, alongside Yang Ti-liang and Tung Chee-hwa. Tung won.[citation needed]
Achievements and honours
editThe Government of Hong Kong appointed Woo Justice of the Peace in 1993, awarded the Gold Bauhinia Star in 1998 and the Grand Bauhinia Medal in 2012.[10]
See also
editReferences
edit- ^ "Peter Woo". Forbes. Retrieved 8 October 2020.
- ^ "The Richest People In The World".
- ^ "Peter Woo/World China General Chamber of Commerce and Industry". Archived from the original on 5 December 2019.
- ^ Prial, Frank J. (24 September 1991). "No Headline". The New York Times.
- ^ "Mr. Peter Woo". China-United States Exchange Foundation.
- ^ "The Cincinnatian [1970, pt.02]". digital.cincinnatilibrary.org. Retrieved 13 December 2022.
- ^ "The Cincinnatian [1970, pt.02]". digital.cincinnatilibrary.org. Retrieved 13 December 2022.
- ^ "Peter Woo". Forbes. Retrieved 23 November 2020.
- ^ "Mr. Peter WOO". 團結香港基金 OUR HONG KONG FOUNDATION. Retrieved 25 April 2021.
- ^ Honours List, [1], 30 June 2012. Retrieved 3 January 2015.
External links
edit- Peter Woo
- Wheelock
- Hong Kong Portraits of Power - Evelyn Huang and Lawrence Jeffrey, Little Brown 1995, p 102
- Forbes List