⬅ # 1351 Issad Rebrab|# 1353 Christian Birkenstock

# 1352 Angela Leong 

$2.56B

Real Time Net Worth
as of 5/18/2024
-$1.1M (-0.05%)

# 1352 Angela Leong 

$2.56B

Real Time Net Worth
as of 5/18/2024
-$1.1M (-0.05%)
OccupationManaging Director, SJM Holdings
Source of WealthCasinos
Age63
ResidenceHong Kong, Hong Kong
Marital StatusWidowed
Children5
EducationDiploma, High School
Age-Adjusted Net Worth$2.08B
Angela Leong
Angela Leong
Hong Kong
Net worth: $2.56B

Self-Made Score 

Wealth History

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Biography

Overview

Angela Leong On Kei is a Macau billionaire businesswoman and politician, best known as the managing director and largest individual shareholder of casino company SJM Holdings.
She rose to prominence through her association with the late Stanley Ho, founder of Sociedade de Turismo e Diversoes de Macau (STDM), which controls SJM Holdings.
Leong's wealth primarily stems from her investments in SJM Holdings and a large portfolio of Hong Kong properties.
She is also an elected legislator in Macau, serving in the Legislative Council.
Leong's career is marked by her involvement in casino management, property investment, and active participation in Macau's political landscape.

Early Life

Angela Leong was born on March 23, 1960, in Guangzhou, China, with family roots in Sanshui, Guangdong.
Details about her early life are scarce.

Career

Leong purchased Aldwych House in London for approximately £250 million in September 2017.
She has an estimated net worth of US$4.1 billion as of September 2019.
Leong founded the Macau Sanshui Communal Association to provide social services to new immigrants.
She entered electoral politics in 2005, leveraging support from the working class and casino employees.
Leong has been a director of Sociedade de Jogos de Macau, a casino company owned by Stanley Ho, since its founding.
Since December 2010, she has served as the managing director of SJM Holdings.
She holds the position of vice-chairman at the Macau Jockey Club.
Leong was appointed as the chairperson of Po Leung Kuk and supervisor of PLK Vicwood KT Chong Sixth Form College.

Personal Life

Angela Leong met Stanley Ho, a prominent Macau casino tycoon, in 1986 when she was a dance teacher.
She became his fourth partner, and they had four children together: Sabrina Ho, Arnaldo Ho, Mario Ho, and Alice Ho.

How long would it take you to become as rich as Angela Leong?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Angela Leong's net worth of $2.56B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Angela Leong is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Angela Leong, Casinos is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey