Calvin Lo
Calvin Lo 盧啟賢 | |
|---|---|
 | |
| Nationality | Hong Kong |
| Occupation |
|
| Known for |
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| Net worth | US$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
- ↑ Vigo, Julian. "How New Technology Affects Our Consumption Of Art And Media". Forbes. Retrieved 2020-06-30.
- ↑ "Hong Kong's Most Under-the-Radar Billionaire: Calvin Lo". Entrepreneur. 2018-11-02. Retrieved 2020-07-06.
- ↑ "Billionaire Investor: Calvin Lo". in.style.yahoo.com. Retrieved 2020-07-06.
- ↑ "Inside the world of life insurance brokers". Business Matters. 2020-03-25. Retrieved 2020-03-26.
{{cite web}}: CS1 maint: url-status (link) - ↑ "R.E. Lee Capital CEO Calvin Lo's Net Worth reaches US$1.7 Billion". NetNewsLedger. 2020-02-25. Retrieved 2020-07-06.
{{cite web}}: CS1 maint: url-status (link) - ↑ "The secretive billionaire: Calvin Lo". London Business News | Londonlovesbusiness.com. 2018-11-23. Retrieved 2020-07-06.
- ↑ "Hong Kong's Most Under-the-Radar Billionaire: Calvin Lo". Retail News Asia. 2018-11-22. Retrieved 2020-06-13.
- ↑ "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. Retrieved 2020-06-13.
- ↑ "Mandarin Oriental mum on talk of ownership change - Taipei Times". www.taipeitimes.com. Retrieved 2019-10-04.
- ↑ "Hidden Billionaire Funding Growth". newswire.net. 2020-04-11. Retrieved 2020-07-06.
{{cite web}}: CS1 maint: url-status (link) - ↑ 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. Retrieved 2020-07-06.
- ↑ "How the Wealthy Uses Social Media". TNT Magazine. Retrieved 2020-07-06.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Estate Planner to the Ultra High Net Worth: Calvin Lo". International Business Times, Singapore Edition. 2020-06-12. Retrieved 2020-06-13.
- ↑ Nicoll, Will. "Who Owns Dorilton, The Company Behind Formula 1's Most Mysterious Acquisition?". Forbes. Retrieved 2020-10-03.
- ↑ Nicoll, Wigll. "Formula 1's Most Mysterious M&A: More Potential Clues On Williams' New Owner". Forbes. Retrieved 2020-10-03.
- ↑ EBR, Edgitor (2020-09-24). "The New Owner of Legendary Williams F1". The European Business Review. Retrieved 2020-10-03.
- ↑ Vigo, Julian. "How New Technology Affects Our Consumption Of Art And Media". Forbes. Retrieved 2020-07-06.
- ↑ "Calvin Lo's long distance philanthropy succeeds | | Express Digest". Retrieved 2020-07-06.
{{cite web}}: CS1 maint: url-status (link) - ↑ "These Asians Are Crazy Rich, And Crazy Generous". Vulcan Post. 2019-01-21. Retrieved 2020-05-18.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Billionaires Stepping Up to Fight Covid-19". In NewsWeekly. Retrieved 2020-05-17.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Understanding new generation of charitable Chinese: Calvin Lo's long distance philanthropy succeeds". EconoTimes. 2020-05-19. Retrieved 2020-06-17.
- ↑ "The Most Impressive Acts Of Charity By Famous People". International Business Times, Singapore Edition. 2020-05-15. Retrieved 2020-05-16.
- ↑ "Hongkong Actress Bernice Liu's Billionaire Boyfriend Splurges S$323mil On Champagne". 8 Days. Retrieved 2020-07-06.
- ↑ "Inside the World of Hong Kong Billionaire Investor Calvin Lo". LUXUO. 2019-03-05. Retrieved 2020-07-06.
- ↑ "The Allure of Billionaires". Vulcan Post. 2018-12-17. Retrieved 2020-06-13.
{{cite web}}: CS1 maint: url-status (link)