⬅ # 432 Mitchell Rales|# 434 Ruan Liping

# 433 Francis Choi 

$7.04B

Real Time Net Worth
as of 5/18/2024
$583.0k (0.01%)

# 433 Francis Choi 

$7.04B

Real Time Net Worth
as of 5/18/2024
$583.0k (0.01%)
OccupationFounder and Chair, Early Light
Source of WealthReal Estate
Age76
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Children3
Age-Adjusted Net Worth$2.38B
Francis Choi
Francis Choi
Hong Kong
Net worth: $7.04B

Self-Made Score 

Wealth History

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Biography

Early Life

Francis Choi Chee-ming, GBS, JP, was born in 1945 in Guangdong Province, China, but was raised in Hong Kong.

Career

In 1972, at the age of 25, Choi commenced his career as a toy salesman and later established his first toy factory.
Within five years of inception, his toy business expanded significantly, employing 300 individuals.
Choi cultivated a partnership with Mattel, Inc. during his early years, manufacturing Snoopy merchandise for the toy giant.
He is the founder and chairman of Early Light International (Holdings) Ltd., the world's largest toy manufacturer, earning him the moniker 'the King of Toys.'
Choi's business acumen extends beyond toy manufacturing as he holds substantial stakes in Town Health International and Regal Hotels International, where he serves as vice chairman of the board.
As an avid watch collector, Choi acquired the luxury watch retailer Unique Timepiece Group (formerly Halewinner) in 2010, now overseen by his son Karson.

Personal Life

Francis Choi is a devoted family man, with three children, and resides in Hong Kong with his wife.
His son, Karson, is married to model Irene Wang.
Outside of business, Choi indulges in collecting cars, watches, and horses.

How long would it take you to become as rich as Francis Choi?

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 Francis Choi's net worth of $7.04B.

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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Francis Choi 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 Francis Choi, Real Estate 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