Real Estate Tycoon Joseph Lau Orders Himself a Boeing 787
Boeing Co. said on Tuesday it received an order for a private 787 airplane from Hong Kong real estate tycoon Joseph Lau. The order for Boeing’s new carbon-composite 787-8 model, which would seat up to 250 people if configured as a normal airliner, is valued at $153 million at list prices, the planemaker said. That must be nice to have all that money and be able to order jumbo jets for private use!
Lau is one of Asia’s richest entrepreneurs, with a net worth of about $2.1 billion, according to Forbes magazine. He holds stakes in Hong Kong property developer Chinese Estates Holdings Ltd. and department store owner Lifestyle International Holdings Ltd. He is one of the world’s leading art buyers, setting a record for Andy Warhol purchases last year when he bought the artist’s portrait of Chinese leader Mao Zedong for $17.4 million. Lau is also a red wine collector, reportedly owning more than 10,000 bottles.
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