LeaderPortfolio
Choi
Francis Choi
Rank #451
HONG KONGDiversifiedReal estate

Francis Choi

Net Worth
$7.963B
0% (24h)
Francis Choi, a Hong Kong billionaire, is renowned as the "King of Toys" for founding Early Light International (Holdings) Ltd., the world's largest toy manufacturer. Born in 1945 in China, Choi's career began as a toy salesman, and his business acumen led to a net worth of $8.0 billion as of 2024. His wealth primarily stems from real estate investments, including holdings in Hong Kong, mainland China, and Australia, and his early success in the toy industry. Choi is also the vice-chairman of Regal Hotels International. He is married and has three children.

The Full Dossier

Early Life

Francis Choi Chee-ming was born in 1945 in Guangdong Province, China. His family relocated to Hong Kong during his early childhood, seeking economic opportunities. Choi grew up in modest circumstances, starting his career as a toy salesman.

Rise to Success

Choi began his professional career as a toy salesman in the early 1970s. In 1972, at the age of 25, he established his first toy factory, Early Light International, marking his entry into manufacturing. Within five years, his business had grown to 300 employees. Choi established a relationship with Mattel, Inc., manufacturing Snoopy merchandise for the company.

Key Business Strategies

Early Light International became the world's largest toy manufacturer. His wealth is anchored by his sprawling property portfolio in mainland China, Hong Kong, and Australia. In 2010, Choi acquired Unique Timepiece, a luxury watch retailer. Real estate forms a significant portion of his portfolio, including vice chairmanship at Regal Hotels International and direct ownership of commercial properties.

Philanthropy

Choi has contributed to philanthropic causes, especially in education and entrepreneurship. He holds the Gold Bauhinia Star awarded by the Hong Kong government, recognizing his contributions to business and public service.

Career Timeline

2019

Acquired full ownership of Sydney Tower

Bought out the remaining 50% of Northpoint Tower in North Sydney.

2010

Acquired Unique Timepiece

Purchased the luxury watch retailer, expanding his business interests.

1972

Founded Early Light International

Established his first toy factory in Hong Kong, marking his entry into manufacturing.

Philanthropic Impact

EducationUndisclosed

Support for Education and Entrepreneurship

Choi has been involved in philanthropy focused on education and entrepreneurship.

Wealth Trajectory