⬅ # 519 Fred Smith|# 521 Tom Golisano ➡

# 520 Michael Kadoorie 

$6.28B

Real Time Net Worth
as of 10/28/2024
-$10.6M (-0.17%)

# 520 Michael Kadoorie 

$6.28B

Real Time Net Worth
as of 10/28/2024
-$10.6M (-0.17%)
OccupationChair, CLP Group
Source of WealthHotels, Energy
Age83
ResidenceHong Kong, Hong Kong
Marital StatusWidowed
Children3
Age-Adjusted Net Worth$1.32B
Michael Kadoorie
Michael Kadoorie
Hong Kong
Net worth: $6.28B

Self-Made Score 

Rado DiaStar Original Swiss Automatic Watch 35 mm

Wealth History

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Biography

Early Life and Family

Sir Michael David Kadoorie, GBS, was born in 1941 into the Jewish Kadoorie family, renowned for their business acumen.
He attended Kowloon Junior School in Hong Kong and Institut Le Rosey in Switzerland.
Kadoorie's grandfather, Elly Kadoorie, established the family's business presence in the Far East, originating from Iraqi Jews who settled in Shanghai in 1880.
His father and uncle, Lawrence and Horace Kadoorie, expanded the family enterprises into a diversified group, with the flagship being CLP Holdings Ltd.

Career

Kadoorie oversees CLP Holdings Ltd., providing electricity to 75% of Hong Kong and having equity interests in power plants across Asia and Australia.
He also chairs Hong Kong and Shanghai Hotels, a prominent luxury hotel chain.
Beyond his family businesses, Kadoorie controls and directs Metrojet Ltd. and Heliservices (HK) Ltd., and initiated CLP Research Institute focusing on renewable energy.
He's held directorships in non-Kadoorie companies and was a member of the University of Hong Kong's Council.
The Kadoorie Biological Sciences Building at the University of Hong Kong stands as a testament to his contributions to education and research.

Awards and Recognitions

Kadoorie is a trustee of the Kadoorie Charitable Foundation, deeply involved in philanthropic endeavors.
He has been honored with titles like Officer of the Legion of Honour by France, Commander of the Order of Léopold II of Belgium, and Knight Bachelor.
The University of Hong Kong conferred upon him an honorary doctorate in 2004.
His philanthropic work and business achievements have been recognized both locally and internationally.

Passions and Interests

Apart from his business pursuits, Kadoorie is known for his love of classic cars, owning a prestigious collection of rare automobiles.
He's also a photography enthusiast and a licensed helicopter pilot, showcasing a diverse range of interests.
A vintage Ferrari accident in 1998 resulted in serious injuries, leading to a two-month recovery period at John Radcliffe Hospital in Oxford, England.
Kadoorie's hobbies reflect his appreciation for craftsmanship, engineering, and artistry, extending beyond the boardroom.

Personal Life

Michael Kadoorie was married to Betty Tamayo, known as 'Lady Betty,' until her passing in 2021.
The couple resided in Hong Kong and had three children: Natalie, Bettina, and Philip.
His sister, Rita Laura Kadoorie, is married to fellow billionaire Ronald McAulay, showcasing strong familial ties within Hong Kong's elite circles.

Michael Kadoorie's Wealth is Equivalent to:

4,833,718 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,188,079 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

64,173 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Michael Kadoorie?

If you started with $10,000 and invested an additional $500 each month at a 43.72% CAGR, it would take you 5 years to reach Michael Kadoorie's net worth of $6.28B.

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 60.38% compared to 22.68% for the S&P 500 benchmark.

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

Michael Kadoorie 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 Michael Kadoorie, Hotels and Energy are the primary sources. 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey