Fugitive tycoon tops FinanceAsia's Rich List

Former Chinese Estates chairman Joseph Lau tops the list of biggest dividend recipients in the region after his property empire disposed of a series of assets.

Fugitive tycoon tops <em>FinanceAsia's</em> Rich List

Joseph Lau, the former chairman of Chinese Estates Holdings, is the new number one on our Rich List, with over $1.5 billion in dividend payouts. The ailing property tycoon, who was convicted of bribery and money laundering in Macau in 2014 but has not returned to serve his sentence, benefited from a series of special dividends paid by Chinese Estates after asset disposals.

Chinese Estates issued three special dividends between August 2016 and...

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