Table
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $8.9 billion | N/A | N/A | N/A | N/A | N/A | Business Executive, Philanthropist | N/A |
What is Michael Kadoorie’s Net Worth?
Michael Kadoorie is a renowned business executive and philanthropist with an estimated net worth of $8.9 billion. His wealth stems from his involvement in various businesses and his family’s extensive holdings.
Highlights
– Michael Kadoorie’s net worth is $8.9 billion.
– He holds the position of Chairman at CLP Holdings Ltd., a power firm that supplies electricity to 75% of Hong Kong.
– He is also the Chairman of The Hongkong and Shanghai Hotels, owner and operator of the famous Peninsula Hotel Group.
– Kadoorie has directorships in several non-Kadoorie companies.
– He is involved in renewable energy development through his subsidiary CLP Research Institute.
– Kadoorie has received numerous honors and recognition for his contributions to the business and philanthropic sectors.
Early Life
Michael Kadoorie was born into a family of business tycoons. His father, Lord Kadoorie, played a significant role in the development of their family business empire. However, specific details regarding Michael Kadoorie’s birthdate, birthplace, and personal life are unavailable in public sources.
Career
Michael Kadoorie has built a successful career in the business world. He currently serves as the Chairman of CLP Holdings Ltd., a power firm that has been in operation since 1890. The company, which still has a 35% stake held by Kadoorie’s family, provides electricity to 75% of Hong Kong. CLP Holdings also holds equity interests in power plants across China, Southeast Asia, Australia, and India.
Moreover, Kadoorie holds the position of Chairman in The Hongkong and Shanghai Hotels, the second largest listed group owned by his family. This prestigious hotel group operates the renowned Peninsula Hotel Group.
Besides his involvement in power and hotel businesses, Kadoorie is also a director for Metrojet Limited and Heliservices (Hong Kong) Limited. Additionally, he has established CLP Research Institute, a subsidiary of CLP Holdings, which focuses on researching and developing renewable energy.
Moreover, Kadoorie has held directorships in various non-Kadoorie companies, showcasing his business acumen and expertise outside of his family’s enterprises.
Personal Life
While specific details about Michael Kadoorie’s personal life are scarce, his contributions to society and philanthropy are widely known. He has been actively involved in charitable endeavors to improve various sectors, including education, healthcare, and environmental preservation.
Kadoorie’s commitment to philanthropy extends to his role as a member of the Council of the University of Hong Kong, where he was presented with an honorary LLD in 2004.
Net Worth Over Time
Based on available information, Michael Kadoorie’s net worth has reached an impressive $8.9 billion. However, it is essential to note that net worth estimates may vary depending on the source and the inclusion of private assets and investments. These figures may change over time as the value of businesses and investments fluctuate.
Components of Net Worth
Michael Kadoorie’s net worth primarily stems from his holdings and leadership roles in various businesses. His prominent positions include Chairman of CLP Holdings Ltd., Chairman of The Hongkong and Shanghai Hotels, and directorships in several companies. The financial success of these businesses contributes significantly to his overall net worth.
Furthermore, Kadoorie’s net worth may be influenced by his personal investments, real estate holdings, and additional assets not covered explicitly in available public sources.
In conclusion, Michael Kadoorie, with a net worth of $8.9 billion, is a prominent figure in the business and philanthropic sectors. His leadership roles in CLP Holdings Ltd. and The Hongkong and Shanghai Hotels, along with his involvement in other industries, have contributed to his substantial wealth.