World Business
Macau casino magnate Lui passes Li as Asia’s richest man
Jan. 17, 2014
Lui Che-Woo, founder of casino operator Galaxy Entertainment Group Ltd., became Asia’s richest person yesterday, eclipsing Hong Kong real estate investor Li Ka-Shing, according to the Bloomberg Billionaires Index. The gambling mogul’s net worth has risen by $3.5 billion this month to $29.6 billion, about $100 million ahead of Li, who had held the title since April 9, 2012, when he passed Indian billionaire Mukesh Ambani. Lui’s wealth is anchored by his 51 percent direct stake in Galaxy, Asia’s t