The two Richest People in Macau as of 2014:
#2) Lam Fong Ngo – Net Worth: $621 Million
Lam Fong Ngo is the vice chairman of casino and hotel operator, Macau Legend Development. Lam worked for Stanley Ho’s Sociedade de Turismo e Diveroses de Macau. She was awarded the Medal of Cultural Merit from the Macau government. Her is David Chow is the CEO of Macau Legend.
#1) David Chow – Net Worth: $1.1 Billion
Macau is a Special Administrative Region of China. Macau is the only place in China where casinos are allowed. David Chow (Forbes rank: 1559; net worth: $1.1 billion) is the only billionaire of Macau. This 64-year-old self-made billionaire was born in 1950 in Hong Kong. He is a citizen of Macau.
David Chow is the co-chairman and CEO of casino and hotel operator Macau Legend. Chow is the Honored Consul of the Republic of Cape Verde to Macau SAR. He is also the CEO of Macau Fisherman’s Wharf, the first theme park in Macau. The park is located at Freguesia da Se in Macau Peninsula, near the Hong Kong-Macau Ferry Pier. The construction of the park took five years.
Along with many Hong Kong-based billionaires, David Chow has thrived from a visitor boom that has turned the former Portuguese colony into the world’s top gambling destination. Listing of Macau Legend in the Hong Kong Stock Exchange last year benefited him immensely.
David Chow is a former Macau legislator. He is holds top posts in many business groups of Macau. He mother (net worth: $621 million) is also a member of Macau Legend’s board.
The success story of David Chow inspires many people in Macau.
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