⬅ # 348 Hasmukh Chudgar|# 350 Igor Olenicoff

# 349 Law Kar Po 

$7.61B

Real Time Net Worth
as of 5/27/2024
$137 (0.00%)

# 349 Law Kar Po 

$7.61B

Real Time Net Worth
as of 5/27/2024
$137 (0.00%)
OccupationChair, Park Hotel Group
Source of WealthReal Estate
Age75
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Children3
Age-Adjusted Net Worth$2.76B
Law Kar Po
Law Kar Po
Hong Kong
Net worth: $7.61B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Family Background and Early Ventures

Law Kar Po's family migrated to Hong Kong in the 1940s with little wealth.
His father, Law Ting-pong, established a successful textile business.
In 1987, Law Kar Po opened the first Bossini store, transforming the family's business.
The Bossini brand expanded globally, with nearly 1,000 stores worldwide.
Law Kar Po shifted the company's focus towards property and hospitality.
He acquired Park Hotels in the 1990s, marking the entry into the hospitality sector.

Business Ventures and Holdings

Chairman of Park Hotel Group, managing over a dozen luxury hotels across Asia.
Chairman of Park Capital Group, overseeing real estate investments.
Founder, retailer, and franchisor of Bossini, which evolved into a successful property and hospitality group.
His elder brother, Kenneth Lo, heads Crystal International, a publicly traded apparel manufacturer supplying renowned labels like Uniqlo and H&M.

Succession and Family Involvement

Law Kar Po appointed his son, Allen Law, as CEO of Park Hotel Group at the age of 24.
His daughter, Wendy, serves as Executive Director of Park Capital Group, managing real estate investments.
Allen Law's spouse is married to a granddaughter of Singapore billionaire banker Wee Cho Yaw.
Law Kar Po is married and has three children, two of whom are actively involved in the family business.
Allen Law oversees operations from Singapore, while Wendy Law contributes her expertise as a lawyer to the family's real estate endeavors.

How long would it take you to become as rich as Law Kar Po?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Law Kar Po's net worth of $7.61B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Law Kar Po 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 Law Kar Po, 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