Lui Che Woo, the Hong Kong tycoon whose fortune grew alongside neighboring Macau’s casino industry, has died. He was 95.
He died on Nov. 7, according to a statement released by Galaxy Entertainment Group Ltd., where he was founder and chairman. “His vision, tremendous leadership and guidance were the foundations for the group’s development and continued success,” the company’s board said in the statement.
Lui had an estimated net worth of $14.5 billion, according to the Bloomberg Billionaires Index, making him one of the richest people in Hong Kong.
He built his empire in what became the world’s biggest gambling hub from scratch, competing with industry veterans including Steve Wynn and Sheldon Adelson.
