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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: rich list | joseph lau | chinese estates | property

Print Edition

FinanceAsia Print Edition

EVENTS