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#549 Angela Leong $3.70B

Random fact: Speaks Cantonese, a dialect commonly used in Guangdong.

Overview

Leong is the managing director of SJM Holdings, one of six companies authorized to operate casinos in Macau. The publicly traded company has 19 casinos, about 1,600 gaming tables and more than 2,700 slot machines. She also has property holdings in Hong Kong. Her husband is the casino magnate Stanley Ho.

As of Sept. 22, 2017:
Last change +$364k (+0.0%)
YTD change +$107M (+3.0%)
Industry Entertainment
Biggest asset Hong Kong Properties
Citizenship Hong Kong
Age 55
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Angela Leong's net worth of $3.70B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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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 Leong's fortune is derived from her real estate investments, including the Entertainment Building and Bank of China Insurance Tower in Hong Kong, L'Avenue Shanghai in China and L'arc Macau and the Regency Hotel Taipa in Macau. The properties are valued based on occupancy rates, rent per square foot and cap rates aggregated from JLL, Colliers, HVS data and news.

She owns more than 8 percent of SJM directly, according to the company's 2017 interim report, and another 3.7 percent through Sociedade de Turismo e Diversões de Macau (STDM), as disclosed in SJM's 2008 prospectus. SJM has 19 casinos, about 1,600 gaming tables and more than 2,700 slot machines, according to its 2017 interim report.

Karen Lee, SJM's spokeswoman, wasn't available to comment on Leong's net worth.

Biography

Birthdate: 1961
Family: Married, 5 children

Leong was born into a wealthy army family in Guangzhou in 1961. Her privileged lifestyle ended when her father died in 1974, and her family had to move out of government housing. She joined a dance school partly for the free room and board.

She moved to Macau in 1982 and changed her name to Leong On Kei. She became Stanley Ho's fourth wife after meeting the billionaire in 1986 through a brother of his who had been attending her dance class. Backed by Ho, she built a sprawling property business in Hong Kong, Macau and China.

She's also a director of Sociedade de Turismo e Diversoes de Macau (STDM), a managing director of SJM Holdings and a member of the Legislative Council of Macau.

Milestones
  • 1961 Leong is born in Guangzhou.
  • 1974 Father passes away
  • 1982 Moves to Macau.
  • 1986 Meets Stanley Ho through her dance class.
  • 1990 First child is born.
  • 2005 Becomes vice chairman of the Macau Jockey Club.
  • 2005 Appointed director of Sociedade de Turismo e Diversoes de Macau.
  • 2015 Awarded the Bronze Bauhinia Star in Hong Kong.