After Zong Fuli succeeds Zong Qing, it is expected to impact China's richest woman, but the real invisible female richest man in China will always be He Chaoqiong. Ho Chao-qiong's wealth, like Li Ka-shing's, is greatly underestimated. Ho's main wealth comes from two companies, ONE is MGM Macau and the other is Shun Tak Group.
Both companies are vastly undervalued in their market capitalizations. Why? MGM Macau is one of the six largest bookmakers in Macau, because of the epidemic in the past two years, Macau gaming stocks have fallen collectively, and the market value of MGM Macau has also plummeted. But in fact, as long as there is no epidemic, the market value of this company is at least between seven or eight billion.
Shun Tak Group is a company with a market value of less than 10 billion, which seems to be very weak, but in fact it is not at all. Most of the traditionally controlled family companies in Hong Kong are undervalued in the capital markets. This is true of Li Ka-shing's family company, Lee Shau Kee's family company, and Cheng Yu-tung's family company.
Shun Tak Group has a market value of less than 10 billion, but in fact, their assets are as high as more than 60 billion. Turning to the financial report of Shun Tak Group, you will find that He Chaoqiong holds more than 6 billion yuan in cash in his hand, and another up to more than 14 billion yuan of inventory, followed by investment properties worth more than 10 billion yuan, with a total of more than 60 billion assets.
At the same time, the company's debt is only 20 billion, which means that the net assets are as high as more than 40 billion. Recently, Gambi has just privatized the Chinese real estate company, because the Chinese real estate is also greatly undervalued by the capital market, the Chinese real estate alone is as high as six or seven billion, but the market value is only 5 billion, that is to say, the company's market value is not as good as cash, it can be said that it is greatly undervalued.
In fact, the same is true of Shun Tak Group, the market value is similar to cash reserves, and it is also undervalued. Many people think that the Ho Hung Sun family only has a gambling business, in fact, the Ho Hung Sun family also has a huge real estate empire. This asset is greatly undervalued.
In fact, long before Stanley Ho entered Macau Gaming, he developed a real estate business in Hong Kong. In 1953, Stanley Ho formally established The Company of Lian Construction, which developed in Hong Kong, and within a few years he had accumulated tens of millions of yuan in assets. However, in 1961, Ho turned the gun to Macau to develop the gaming industry, and many years later became a well-known gambling king.
Because he went to Macau to develop the gaming industry, Ho hung up almost gave up the real estate business. In 1972, Stanley Ho restarted the real estate business, and in that year a total of 65 property companies were listed in Hong Kong, in addition to Li Ka-shing's Cheung Kong Industries, Cheng Yu Tong's New World, Kwok Tak-sung's Sun Hung Kai, and Ho Hung Sun Tak Group.
At that time, Shun Tak Group mainly developed real estate business in Hong Kong and Macao, although the development in Hong Kong was average, But Shun Tak Group has always been the largest real estate company in Macau. In addition, Shun Tak Group is also one of the first Hong Kong real estate companies to develop in the mainland, with Ho entering the Shanghai market in 1993 and Ho launching Hongqiao Shanghai City in Shanghai in 2001. At that time, Ho had high hopes for the project, but later because the gambling industry was hit, Ho had to sell the project.
At the same time, He Hongshen also gave up the Beijing Friendship Store project, which originally invested 4 billion yuan in Beijing. At this point, Ho's real estate business in the mainland has also stagnated. However, before his death, Ho always hoped to develop in the mainland. Before Ho retired in 2016, he finally revived his desire to develop in the mainland, and this year he joined hands with Shanghai's Qiantan International to invest 1.95 billion yuan to develop a commercial project in Shanghai Qiantan.
In 2017, He Chaoqiong officially succeeded Ho Hung-sun's Shun Tak Group, and then she began to invest in the mainland on a large scale, with two high-speed rail superstructure projects in Beijing's Tongzhou, Kunming and Tianjin, as well as comprehensive projects in Zhuhai, which alone have a total investment of tens of billions.
In 2019, He Chaoqiong invested another 4.7 billion yuan in Shanghai, winning a 50% interest in a project of OCT in Shanghai SuheWan. When Li Ka-shing and other Hong Kong businessmen retreated, He Chaoqiong spent 4.7 billion yuan to buy land in Shanghai, which on the one hand showed his strength and on the other hand, it also reflected her patriotic spirit.
Because of He Chaoqiong's efforts, Shun Tak Group's annual revenue in the real estate sector now exceeds 12 billion yuan, accounting for more than 80% of the company's revenue. Macau's gambling cards will be re-competitive next year. The Stanley Ho family has been in Macau for more than 60 years. He Chaoqiong must understand this truth, if the family wealth is bet on the gambling industry, sooner or later there will be a day of problems, after all, even if the contract can be renewed successfully next year, one day the renewal will fail, if the renewal fails, then all the wealth will become a mirror.
He Chaoqiong must have understood this truth, in order to continue the family's wealth, He Chaoqiong bet heavily on the real estate business in the mainland. Ho Chao-chung's real estate business in the Mainland is mainly commercial real estate, not real estate. At present, he Chaoqiong's investment in several projects are under construction, and after the opening, He Chaoqiong's wealth will certainly continue to rise, because in addition to the continuous rental income, the rise in property value will also bring about the continuous appreciation of assets.
Of course, He Chaoqiong also has a plan, that is, investing heavily in the mainland can also make the family gain a good reputation, thus further preserving the family's position in the Macau gaming industry.
He Chaoqiong is a smart person, and she also sees the situation very clearly. In terms of He Chaoqiong's wealth, she is definitely the richest woman in China. In fact, looking at this recent incident, we know He Chaoqiong's strength. Not long ago, He Chaoqiong's half-sister He Chaoxian sued her, because He Chaoxian wanted to compete with He Chaoqiong for the overseas inheritance left by Ho Hongshen.
For this inheritance, He Chaoqiong is completely unconcerned, but He Chaoxian is not so, she said that this inheritance has 11 billion, and He Chaoqiong said 1.72 billion before, He Chaoqiong said that he did not know how much this inheritance was, he roughly said a number.
It can be imagined how rich He Chaoqiong really is, and her inheritance of 11 billion yuan has been ignored by her. He Chaoqiong is really not simple. In fact, the wealth of the entire Ho Hung Sun family has been greatly underestimated, and the rare treasures that Ho Hung Sun has collected over the years are now worth a lot, and the value of a diamond of a Star of Ho Hung Sun is as high as several hundred million. He Chaoqiong also has a large number of jewelry under his personal name, and it can be said that He Chaoqiong's wealth is absolutely underestimated.