In the 2019 Hong Kong Rich List released by Forbes, the 48th place is The hong Kong veteran real estate developer, that is, the founder of Yu Taixing, Luo Zhaotang, whose personal assets reached 1.34 billion US dollars, which can be called the relatively low-key rich man in the city. However, the veteran real estate tycoon died at the age of 90 at the age of 90 at the sanatorium hospital on the afternoon of January 2, 2020, and his family only made the news public several days after his death. I believe that the outside world may not be too surprised by the death of Luo Zhaotang, because Luo Zhaotang has always suffered from more serious diabetes, and he has been immobile more than ten years ago, and he had a serious stroke in 2017 and has been lying in bed.
Lo Chiu-tang transformed from a pawn shop business to a real estate developer, which can be called a legend of a generation in Hong Kong. Born in Hong Kong, Lo Siu-tang is the ninth in the family, so he has the title of "Nine Uncles", his family business is based on pawnbrokers, his grandfather started with the establishment of the pawn industry, and his father carried forward the pawn industry and passed it on to him. When Luo Zhaotang's father passed on the pawn shop business to Luo Zhaotang, there were also a large number of properties left behind, which also became the basic source of Luo Zhaotang's transformation into real estate. In the 1960s, Luo Zhaotang founded Yu Taixing, the main force in Hong Kong Central, Sheung Wan, Wan Chai to acquire the old building reconstruction, opened the real estate developer's industry, and Luo Zhaotang's vision of the house has always been known for precision and speed, Yu Taixing has stood in Hong Kong for more than 40 years, developing and developing more than 200 real estate, so he is also known as the "King of Central Nails".
As we all know, the businessmen who develop the real estate industry in Hong Kong are basically non-rich and expensive, and in fact, Luo Zhaotang is no exception. Although in the List of Hong Kong's Richest People released by Forbes in 2019, his declared net worth is only $1.34 billion, ranking 48th, but Forbes is clearly underestimating his wealth industry, and the actual number is far more than that. In fact, after the successful development of the real estate industry, Luo Zhaotang also carried out the property mortgage loan business, the most famous of which was to ask Zhong Zhentao in 2001 as a silver owner. Zhang Xiaohui recovered 250 million yuan of debt, to recover Zhong Zhentao and Zhang Xiaohui in 1997 have mortgaged five times in Yu Taixing Finance Company five times, the two sides once triggered a war of words, and finally Yu Taixing entered the court to sue Zhong Zhentao, Zhong Zhentao declared bankruptcy, which also once made the outside world think that Yu Taixing's pursuit of Zhong Zhentao in disguise accelerated Zhong Zhentao's bankruptcy.
In addition, around the turn of the millennium, the Luo Zhaotang family took advantage of the financial storm to acquire land at a low price and auction land, so since the millennium, the industry of the Luo Zhaotang family has been in a rising trend. And because the Luo Zhaotang family has always been very low-key, the company has not been listed so far, so Forbes's estimate of his wealth will be greatly different, according to industry estimates, in fact, Luo Zhaotang holds more than 100 billion Hong Kong dollars in assets, can be described as an invisible rich man.
The eldest son, Luo Shouhong
Luo Zhaotang is rich, and now how to distribute this rich wealth after his death is also the focus of continuous attention from the outside world. Luo Zhaotang has three sons and two daughters, and the three sons are all engaged in the property trading industry, and they also have their own strengths. The eldest son, Luo Shouhong, is an architect, and in the early years he was more respected by Luo Zhaotang and once became a spokesman for the Yu Taixing Group, but after the 97 financial crisis fell out of favor, he now turns to the hotel service industry and the nursing home, and the more well-known black tea house chain hotel in Hong Kong is Luo Shouhong's industry. The second son, Luo Shouhui, is also relatively low-key, specializing in real estate investment, and is unique in investment, but he is not the successor of Yu Taixing, so the real successor is Luo Shouyao, the third son of Luo Zhaotang.
Luo Shouyao
Compared with his two elder brothers, Luo Shouyao is indeed very well-known, not only because he is Luo Zhaotang's son and successor, but also well-known in the film circle. Luo Shouyao is a film background, once served as the producer and producer of works directed by Du Qifeng, in 2005 he also became a director to direct films, directed many films, but these years have focused on the development of family industry, all because Luo Zhaotang handed over the baton to him, as for whether Luo Zhaotang died before the death to avoid making a will to avoid competition, or to account for their own industry, this is not known, so far, the three Brothers of Luo Zhaotang property, Real estate sales are done through the platform of Yu Taixing, which means that the relationship between the three brothers is still good, but each has its own doing.
Luo Zhaotang's death is not too unexpected in many people in the industry, as mentioned before, he suffered from severe diabetes in his early years, wheelchair life has been for more than 10 years, but Luo Zhaotang is still very hard, very diligent, in 2000 he has been in a semi-retired state, but have not completely retired, even if in a wheelchair still insist on going to and from the workplace. What caused his body to take a sharp turn was a stroke in May 2017, after which he was almost paralyzed, and then he was bedridden for a long time, and on January 2, 2020, Luo Zhaotang died peacefully, when four generations of the Luo family were present, and a generation of Hong Kong legends fell.
Finally, I hope Luo Zhaotang will go all the way!
PS: The pictures are all from the Internet