Calvin Lo

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Calvin Lo
盧啟賢
Calvin Lo.PNG
NationalityHong Kong
Occupation
  • Businessperson
  • Philanthropist
  • Investor
Known for
  • CEO of R.E. Lee Internationa
  • Founder of R.E. Lee Capital
Net worthUS$1.7 billion (2019)[1]
Traditional盧啟賢
Simplified卢启贤

Calvin Lo (Chinese: 盧啟賢) is a Hong Kong based billionaire entrepreneur, investor, and philanthropist.[2][3] Lo is best known for his company, R.E. Lee International, the world’s largest and considered as the most successful life insurance broker company.[4] He has also founded a wealth management company, R.E. Lee Capital, that manages portfolios for HNI and businesses.

Calvin Lo’s net worth is estimated at US$1.7 billion by Forbes.[5] He is Asia’s largest collector of champagnes and has gained media attention for his US$230 million champagne order during his France visit in 2018.

Career

Calvin Lo joined his family owned R.E. Lee International, a business empire founded in 1954.[6] The company works as a life insurance brokerage firm, that offers business succession planning and financial decisions for heirs and estate planning for ultra HNIs.[7] Lo expanded the business into asset management and founded R.E. Lee Capital. The firm now manages over US$8 billion assets.[8]

In 2018, LO bought the Mandarin Oriental Taipei, a five star luxurious hotel in the heart of Taipei, Taiwan, for US$1.24 billion.[9][10] The deal covered the hotel building and its 149,446.13 square feet land.[11][12][13]

In 2020, through his private investment company, R.E. Lee Octagon, Lo successfully acquired the legendary motor racing team Williams Grand Prix Holdings, or Williams F1, for US$100 million.[14][15][16]

Wealth and philanthropy

In 2019, Lo was ranked by Forbes as the 43rd richest person in Hong Kong with an estimated net worth of US$1.7 billion.[17] Public filings show that Lo has set up different charitable trusts in the Cayman Islands worth US$245 million for his philanthropic initiatives.[18][19]

Lo also worked closely with the Jane Goodall Institute from 2006 to 2018 as their board member.[20] He is a strong advocate and undertaken a wide range of efforts for welfare of animals, community and environment.[21]

During Covid pandemic in 2020, Lo donated US$13 million, thousands of masks and sanitizers to help needy and less fortunate people in Taiwan, Hong Kong and Wuhan.[22]

Personal life

Lo rarely appears in the media and is often named as Hong Kong's most eligible bachelor.[23]

Lo currently lives in a mansion worth US$70 million in The Peak, Hong Kong. He owns a fleet of luxurious cars including Pagani Huayra BC and private jets.[24][25]

Reference

  1. Vigo, Julian. "How New Technology Affects Our Consumption Of Art And Media". Forbes. Retrieved 2020-06-30.
  2. "Hong Kong's Most Under-the-Radar Billionaire: Calvin Lo". Entrepreneur. 2018-11-02. Retrieved 2020-07-06.
  3. "Billionaire Investor: Calvin Lo". in.style.yahoo.com. Retrieved 2020-07-06.
  4. "Inside the world of life insurance brokers". Business Matters. 2020-03-25. Retrieved 2020-03-26.
  5. "R.E. Lee Capital CEO Calvin Lo's Net Worth reaches US$1.7 Billion". NetNewsLedger. 2020-02-25. Retrieved 2020-07-06.
  6. "The secretive billionaire: Calvin Lo". London Business News | Londonlovesbusiness.com. 2018-11-23. Retrieved 2020-07-06.
  7. "Hong Kong's Most Under-the-Radar Billionaire: Calvin Lo". Retail News Asia. 2018-11-22. Retrieved 2020-06-13.
  8. "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.
  9. "Mandarin Oriental mum on talk of ownership change - Taipei Times". www.taipeitimes.com. Retrieved 2019-10-04.
  10. "Hidden Billionaire Funding Growth". newswire.net. 2020-04-11. Retrieved 2020-07-06.
  11. 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 2020-07-06.
  12. "How the Wealthy Uses Social Media". TNT Magazine. Retrieved 2020-07-06.
  13. "Estate Planner to the Ultra High Net Worth: Calvin Lo". International Business Times, Singapore Edition. 2020-06-12. Retrieved 2020-06-13.
  14. Nicoll, Will. "Who Owns Dorilton, The Company Behind Formula 1's Most Mysterious Acquisition?". Forbes. Retrieved 2020-10-03.
  15. Nicoll, Will. "Formula 1's Most Mysterious M&A: More Potential Clues On Williams' New Owner". Forbes. Retrieved 2020-10-03.
  16. EBR, Editor (2020-09-24). "The New Owner of Legendary Williams F1". The European Business Review. Retrieved 2020-10-03.
  17. Vigo, Julian. "How New Technology Affects Our Consumption Of Art And Media". Forbes. Retrieved 2020-07-06.
  18. "Calvin Lo's long distance philanthropy succeeds | | Express Digest". Retrieved 2020-07-06.
  19. "These Asians Are Crazy Rich, And Crazy Generous". Vulcan Post. 2019-01-21. Retrieved 2020-05-18.
  20. "Billionaires Stepping Up to Fight Covid-19". In NewsWeekly. Retrieved 2020-05-17.
  21. "Understanding new generation of charitable Chinese: Calvin Lo's long distance philanthropy succeeds". EconoTimes. 2020-05-19. Retrieved 2020-06-17.
  22. "The Most Impressive Acts Of Charity By Famous People". International Business Times, Singapore Edition. 2020-05-15. Retrieved 2020-05-16.
  23. "Hongkong Actress Bernice Liu's Billionaire Boyfriend Splurges S$323mil On Champagne". 8 Days. Retrieved 2020-07-06.
  24. "Inside the World of Hong Kong Billionaire Investor Calvin Lo". LUXUO. 2019-03-05. Retrieved 2020-07-06.
  25. "The Allure of Billionaires". Vulcan Post. 2018-12-17. Retrieved 2020-06-13.

External links