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#340 Pansy Catilina Ho $5.14B

Random fact: Promoted her sister Josie's career as a singer and actress.

Overview

Ho is the second-largest shareholder of MGM China, a Hong Kong-based company that owns the MGM Grand casino in Macau. One of billionaire Stanley Ho's 17 children, she's also chairman of Shun Tak Holdings, a property investment company that controls ferry and helicopter services between Macau and Hong Kong.

As of July 23, 2017:
Last change +$38.5M (+0.8%)
YTD change +$746M (+17.0%)
Industry Entertainment
Biggest asset Cash
Citizenship Hong Kong
Age 54
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Pansy Catilina Ho's net worth of $5.14B can buy ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Ho's fortune is derived from her 22 percent stake in casino operator MGM China, which owns a Macau casino and is building the second one on the city's Cotai Strip. Ho owns the shares through Grand Paradise Macau, a holding entity which is wholly controlled by Ho, according to the company's 2015 annual report and an Aug. 16, 2016 MGM Resort International statement.

She holds almost 5 percent of the shares shares in MGM Resorts International, according to the 2015 annual report and an Aug. 16, 2016 statement involving the acquisition of MGM China shares from Grand Paradise Macau, an entity controlled by Ho.

Ho holds 22 percent of Shun Tak Holdings, a conglomerate that has interests in real estate, shipping, travel services and hotel operations. She holds a 1 percent stake in publicly traded casino operator SJM Holdings through a stake in Macau-based Sociedade de Turismo e Diversoes de Macau.

The value of her cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.

Karen Lee, a Hong Kong-based spokeswoman for Shun Tak, declined to comment on Ho's net worth on April 10, 2017.

Biography

Birthdate: 8/26/1962
Family: Divorced, No children
Education: Santa Clara University, Marketing, Bachelor's Degree

Pansy Ho was born to Macau gambling mogul Stanley Ho and his second wife, Lucina Laam King-ying, on Aug. 26, 1962. She studied marketing and business at Santa Clara University in California before returning to Hong Kong, where she had a brief TV acting career before starting her own public relations business.

Ho eventually joined the family business, running Shun Tak Holdings, a publicly traded conglomerate that owns property, transport, hotel and travel businesses in Hong Kong and Macau. She was appointed managing director of Shun Tak during Macau's handover from Portugal to China in 1999.

She formed a joint venture with billionaire Kirk Kerkorian's MGM Resorts, the biggest casino operator on the Las Vegas Strip, in 2004. The company, which opened the MGM Macau in 2007, raised $1.5 billion in an initial public offering on the Hong Kong Stock Exchange in 2011. It received formal government approval to build its second resort in Macau a year later.

Ho was appointed as chairman of Jetstar after Shun Tak paid $66 million for a one-third stake in the budget jet plane carrier in August 2013. She took the same title at Shun Tak when her father stepped down in June 2017.

Milestones
  • 1991 Marries Julian Hui, son of Hong Kong shipping magnate Hui Sai-fun.
  • 1999 Named managing director of Shun Tak Holdings.
  • 2000 Divorces Hui, who operated a nightclub in Hong Kong.
  • 2002 Ho family's four-decade monopoly on Macau gambling ends.
  • 2004 Forms MGM China with billionaire Kirk Kerkorian.
  • 2010 Barred from running a gaming business in New Jersey by state gaming regulator.
  • 2011 MGM China raises $1.5 billion in an initial public offering in Hong Kong.
  • 2013 Becomes chairman of budget carrier Jetstar after buying a one-third stake.