BillionaireNet
Ho
Lawrence Ho
Rank #3002
HKgambling-casinosCasinos

Lawrence Ho

Net Worth
$1.1B
% (24h)
Lawrence Ho is a prominent Hong Kong-born Canadian businessman, currently serving as the Chairman and Chief Executive Officer of Melco Resorts & Entertainment Limited. His source of wealth is primarily derived from the casino industry. Ho's career began in investment banking before he took the helm of Melco International in 2001 and later founded Melco Resorts & Entertainment in 2004. Under his leadership, Melco has expanded into a global leisure and entertainment enterprise, with several properties earning Forbes Five-Star and Michelin awards. As of 2024, he has been recognized as "Asia's Best CEO" at the Institutional Investor Asian Excellence Awards for the 13th time, with a net worth of $1.1 billion.

The Full Dossier

Early Life

Lawrence Ho was born in Hong Kong in 1976. He is the son of Stanley Ho, a prominent figure in the Macau casino industry. As a child, he moved to Canada, where he attended Upper Canada College. He later earned a Bachelor of Arts degree in commerce from the University of Toronto in 1999. Ho also holds an honorary doctorate from Edinburgh Napier University, which he received in July 2009.

Rise to Success

Ho began his career in investment banking. In 2001, he took over operations at Melco International, a company initially involved in the Macau gaming business. He then founded Melco Resorts & Entertainment in 2004. Under Ho's leadership, Melco Resorts secured a gaming license in Macau in 2006. The company then expanded its operations and built several integrated resorts, including City of Dreams and Studio City in Macau, and City of Dreams Manila in the Philippines. Melco Resorts has received numerous awards for its properties, including Forbes Five-Star and Michelin awards. In 2024, Ho was recognized as "Asia's Best CEO" at the Asian Excellence Awards for the thirteenth time.

Key Business Strategies

Ho's key business strategies include a focus on integrated resorts, offering a variety of non-gaming amenities to attract diverse visitors. He has emphasized the development of innovative resort concepts, such as the Hollywood-themed Studio City. Melco has also secured gaming concessions and expanded its operations in Asia and Europe. The company has been recognized for its quality and innovation, which has helped it maintain a strong position in the competitive casino market. Melco's expansion into Europe, particularly the City of Dreams Mediterranean in Cyprus, has further diversified its revenue streams.

Philanthropy

Details regarding Lawrence Ho's specific philanthropic initiatives are limited in the search results, but his family and company are involved in various community initiatives.

Career Timeline

2024

Recognized as "Asia's Best CEO"

Awarded "Asia's Best CEO" at the Asian Excellence Awards for the 13th time.

2006

Melco Crown listed on NASDAQ

Melco Crown Entertainment (now Melco Resorts & Entertainment) listed on the NASDAQ.

2004

Founded Melco Resorts & Entertainment

Established Melco Resorts & Entertainment Limited.

2001

Took over Melco International

Took control of Melco International Development Limited.

1999

Joined Jardine Fleming

Began his professional career in investment banking at Jardine Fleming's Asia Derivatives Group in Hong Kong.

1999

Graduated from the University of Toronto

Obtained a Bachelor of Arts degree in commerce.

Philanthropic Impact

Community SupportUndisclosed

Community Initiatives

Melco Resorts and Entertainment supports various community-focused wellness projects. No specific amount disclosed.

Wealth Trajectory