Sunday, October 12, 2008
Joseph Lau Luen Hung is a billionaire Hong Kong real estate investor who owns a 61% stake in Chinese Estates Holdings. His fortune is estimated by ''Forbes'' at $2.1 billion. In May 2007, Lau was revealed to be among the first seven purchasers of a Boeing 787 Dreamliner jet for private use. And on November 7, 2007, he made the top purchase of the evening at a Sotheby's Auction by paying $39.2 million for ''Te Poipoi'', a painting of a Tahitian scene.