Residence Hong Kong Net worth 7.6 billion USD (2015) Name Peter Woo | Spouse(s) Bessie Pao Nationality Hong Kong | |
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Full Name Peter Woo Kwong-ching Born 1946 Shanghai, China Occupation Chairman of Wheelock and Company Limited and The Wharf Holdings Limited Children Douglas Woo, Jennifer Woo, Jacqueline Woo Education St Stephen's College, University of Cincinnati, Columbia Business School | ||
Peter Woo Kwong-ching, GBM, GBS, JP (Chinese:吳光正) (born 1946) is a Hong Kong businessman. He was the chairman of Wheelock and Company Limited (SEHK: 0020)and The Wharf Holdings Limited (SEHK: 0004) until 19 May 2015. As of May 2017, his net worth is estimated to be $10.5 billion.
Contents
- Behind the scenes with peter woo
- Education
- Life and career
- Political and non profit
- Achievements and honours
- References
Behind the scenes with peter woo
Education
Woo was born in Shanghai, China and moved to Hong Kong in 1949. He was educated at St Stephen's College, a Direct Subsidy Scheme privately owned but government-funded boarding school (which is also Hong Kong's largest secondary school), in the town of Stanley in Hong Kong, and went on to attain his bachelor's degree from the University of Cincinnati, US, majoring in Physics and Mathematics. While a student at the University of Cincinnati, Woo became a member of Delta Tau Delta Fraternity, an endeavour he is still involved in today. He later obtained an MBA from Columbia Business School in New York, US.
Life and career
After graduating, Woo worked at Chase Manhattan Bank in New York and Hong Kong.
In 1973, he married Bessie Pao. In 1975, he joined his father-in-law, the late Sir Yue-Kong Pao’s Worldwide Shipping Group and was later appointed vice-chairman for the company. In 1986, Woo's father-in-law retired and appointed him the head of the Wheelock / Wharf businesses, while putting the shipping interests (now Bergesen Worldwide) under the control of another son-in-law, Helmut Sohmen.
Woo’s diversified interests are reflected in his businesses, focusing in real estate development in Hong Kong, China and Singapore. The group owns several investment properties such as Harbour City and Times Square in Hong Kong, as well as operating other businesses such as i-Cable Communications, Wharf New T&T, Modern Terminals Limited and Marco Polo Hotels. Woo also owns the privately held, high-end luxury retail group LCJG, which includes Lane Crawford and the premier fashion house, Joyce. Woo also serves on the advisory board for various Fortune 500 companies.
Political and non-profit
Woo is a member of the Standing Committee of the Chinese People’s Political Consultative Conference.
His past appointments include:
In 1996, Woo ran in the First Hong Kong Chief Executive Election just before the British colony was handed over back to Chinese rule, alongside Yang Ti-liang (楊鐵樑) and Tung Chee-hwa (董建華). Tung won.
Achievements and honours
The Hong Kong SAR Government appointed Woo Justice of the Peace in 1993, awarded the Gold Bauhinia Star in 1998 and the Grand Bauhinia Medal in 2012.