How much wealth does Ho have? At the time of Ho's death, some people counted that Ho Hung-sin controlled a total of 500 billion assets. Ho's wealth is truly staggering, with more than 30 billion yuan in his property in Hong Kong alone.
At that time, Zhang Ziqiang knew that He Hongshen was a hard bone, and he also wanted to touch him, which showed that even Zhang Ziqiang knew that He Hongsheng's wealth was very terrible, and unlike other rich people, He Hongshen's cash must be the most, and it should be known that the money he earns every day is cash.
In addition to the wealth of the open, there are also a lot of hidden wealth, Macao's doorway is really too much, people who have seen some movies should understand. In addition to the superficial money-making accidents, the rich people in Macau also have a lot of money-making business.
Many people say that Fok Ying Tung is Ho's greatest benefactor. Indeed, without Fok Ying Tung, It is indeed difficult for Ho Hung-sin to get a gambling card, and it is impossible to become a Macau gambling king. However, many people do not know that He Hongshen can be said to be a success and a foe yingdong, and a defeat is also fok yingdong.
Ho became the richest man in Macau because of Fok Ying Tung, but he could not become the richest man in the world because Fok Ying Tung could not become the richest man in the world. Why? Although He Hongshen and Fok Yingdong were classmates at the same school, they were not familiar with each other when they were young, at that time, He Hongshen was a rich family's son, while Fok Yingdong was a boatman's disciple, so the two people were not in the same circle.
Later, Ho Hung-sin's family road fell to Macau to develop, and Fok Yingdong developed in Hong Kong. Fok Ying-tung bought several boats, took dozens of people to the East China Sea to dig hay, and then sold them to the CIMB Company in Macau, where Ho hung up at the time. He Hongshen was responsible for docking with Fok Yingdong, so the two people met.
However, the two people really became familiar with each other after Ho returned to Hong Kong, when Ho's eldest wife, Lai Wan-wah, often played cards with Fok Ying-tung's eldest wife, Lu Yanni. The relationship between the two people is very good. Fok Ying Tung and Ho Hung-sun often went to pick up their wives together, so they became familiar with each other.
In 1961, Ip Han invited Ho Hung Sun to Macau to bid for a gambling card, ho Hung Sun had offended local forces in Macau before, so he thought it would be difficult to get this gambling card in Macau with his own strength, so he pulled Fok Ying Tung.
Ho told Fok Ying Tung at the time that after getting the gambling cards, he would donate all the money he earned. Huo Yingdong was moved by this and agreed to invest 3 million yuan. At that time, Fok Yingdong's relationship was very strong and his strength was also very strong, so with Fok Yingdong's help, in the end, Ho Hongshen not only successfully won the gambling card, but also successfully established a foothold in Macau.
Only later, Fok Yingdong found that Ho Hung Sun was too self-sufficient, and did not fulfill his promise, developing the gambling business into charity, but instead making huge profits from it. At the same time, the dividends of Macau entertainment companies are also unclear. So Fok Yingdong began to have opinions about Ho Hung-sun.
The conflict between the two men erupted in the 1980s, when Fok Ying-tung wanted to sell more than 30% of Macau Entertainment's shares to Ho Andh, and then completely withdrew his shares. Mr. Ho wanted to buy the shares, but he didn't want to pay that much. Fok Ying Tung negotiated a transaction price of 1 billion yuan with Ho Hung Sun.
However, after That, Ho hung up on it, so he found Macau tycoon Ma Jiao Feng and asked Fok Ying Tung to have dinner together. While eating, Ma Jiaofeng smashed the cup on the spot. Huo Yingdong also threw the door away. After thinking about it, Fok Ying Tung decided to donate all the shares and set up a Macao Fok Ying Tung Charity Fund, half of which was donated to Macao and the other half to the mainland.
From 1961, when Ho got his gambling cards, until 2001, he monopolized Macau's gaming industry for 40 years, saving up wealth that rivaled the country's wealth. Before 1999, the last time the lottery was renewed, Ho and Portugal renewed the license until 2001. Fok Yingdong was very angry about this. Fok Ying Tung believes that this move hurts the interests of Macau, because Macau was returned in 1999, but Ho Hung-sin crossed this point in time to renew the gambling card.
So Fok Ying Tung finally made a move, he suggested that the Macau gambling card be divided into three, breaking the monopoly of Ho Hung-sun and introducing a mechanism of competition, which could make the entire gambling cake of Macao bigger. In the end, Macau not only re-bid for cards in 2001, but also issued 3 cards, which were later increased to 6.
Although He Hongshen got 3 of them, his monopoly was broken. In 2003, Macau's gaming revenue was only 30.3 billion Australian dollars, and by 2019 it had risen to nearly 300 billion Australian dollars.
It is conceivable that if Stanley Ho continues to monopolize Macau's gaming industry, how much money ho will make from 2001 onwards, and he will definitely become the richest man in the world. However, because of a suggestion from Fok Ying Tung, in the end, Ho Hung-sun's dream of being the richest man in the world was shattered, and the Ho family also went downhill.
At that time, Fok Yingdong's original intention was not to target Ho Hongshen, but Fok Yingdong believed that Macao should be more open, so that the cake can be enlarged and developed better. In 2006, Macau successfully surpassed Las Vegas to become the world's largest casino, which proved that Fok Yingdong's vision was correct.
In fact, the Most Critical Part of the Decline of the He Hongshen Family is infighting. After Ho Hung-sin got older, his wives and children have been fighting among themselves, everyone is holding each other back, resulting in the He family's business being affected, if the entire Ho family can unite, then he will not be surpassed by the Sands Group and the Galaxy Group.
Today, the Macau gambling king is no longer the Ho Hung Sun family. Today, the total profits of the three licensed companies of the Ho family are not as good as the ones of Lui Che Woo's Galaxy. In the past two years, due to the impact of the epidemic, the market value of the three listed companies of the Ho Hongshen family has shrunk seriously, and the total evaporation has been about 50 billion. At the same time, the three companies also fell into the loss.
These cards will expire in 2022, and at that time, whether the Ho family can renew their contract is still a big question. In addition, even if the contract can be renewed, the current global epidemic is repeated, and when the Macau gaming industry can recover is also a big question. If this continues, it will not last long.
If Huo Yingdong had not restricted He Hongshen, then their strength would now be at least ten times stronger, and there would be no problem for them.
Perhaps also because he knew the energy of the Huo family, so after He Chaoqiong took over, the first thing he did was to invite Huo Yingdong's son Huo Zhenting to be the co-chairman of SJM, and at the same time reached an alliance strategy with Huo Zhenting.