Peter Woo Net Worth

Publish date: 2024-08-01

What is Peter Woo’s net worth?

Net Worth:	$13 Billion
Age:	77
Born:	September 5, 1946
Gender:	Male
Height:	Unknown
Country of Origin:	China
Source of Wealth:	Entrepreneur
Last Updated:	January 22, 2024

Table of Contents

Introduction

Peter Woo is a Hong Kong billionaire businessman.

Woo was the chairman of Wheelock and Company Limited and The Wharf Holdings Limited until 19 May 2015.

Woo was born in Shanghai, China, and moved to Hong Kong in 1949. He was educated at St Stephen’s College.

Peter Woo’s net worth is estimated to be roughly $13 Billion.

Early Life

Peter Woo Kwong-Ching was born on the 5th of September, 1946, in Shanghai, China.

He was educated at St Stephen’s College, a Direct Subsidy Scheme privately owned but government-funded boarding school, and attained his bachelor’s degree from the University of Cincinnati.

While a student at the University of Cincinnati, Woo became a member of Delta Tau Delta Fraternity, an endeavor he is still involved in today.

Career

Peter Woo was educated at St. Stephen’s College, a government-funded boarding school and Hong Kong’s largest secondary school.

He went on to earn his bachelor’s degree, majoring in physics, from the University of Cincinnati in the US, becoming the senior class president.

Shortly after, he obtained his MBA from Columbia Business School, before working at Chase Manhattan Bank in New York and Hong Kong after graduating.

Like many of the richest people in the world, Woo started relatively small before working his way up to become a billionaire.

Rising Through The Ranks

While working for Chase Manhattan Bank, Peter Woo met his future wife Bessie, the sister of the woman he was arranged to be married to.

Later, Woo moved on to work for Wharf Holdings, a Hong Kong-based real estate and infrastructure company, which helped him earn his fortune.

He eventually took over as the managing director for Wheelock Properties, a Wharf Holdings subsidiary, and he helped the company obtain lasting success.

Like Joseph Lau, the real estate industry proved to be perfect for Peter Woo, and he excelled in the business thanks to his keen sense.

Due to his diverse interests, Woo began focusing on real estate specifically in Hong Kong, Singapore, and China.

His group owns several investment properties in the region, such as Harbour City and Times Square in Hong Kong.

A Successful Businessman

Along with Wheelock Properties, Peter Woo helped operate many other businesses, including i-Cable Communications and Wharf New T&T.

He also owns the private high-end luxury retail group LCJG, which includes the fashion house, Joyce and Lane Crawford.

Lane Crawford has been a very successful retail company, operating in China since 1850, and today it is part of the Joyce Group.

Of course, overseeing some of the most popular online brands and real estate operations isn’t enough for Woo because he likes being busy.

In addition to these businesses, he also sits on the boards of many other Fortune 500 companies, which goes to show how influential he is.

Boards, Politics, And Non-Profits

Peter Woo serves on the advisory boards of numerous Fortune 500 companies, including one of the biggest banks in the world, JPMorgan Chase.

He is also on the advisory board for General Electric, an American multinational company with several divisions including energy and aerospace.

Additionally, Woo is a member of the Standing Committee of the Chinese People’s Political Consultative Conference.

This is an advisory body in China and its members advise and create proposals regarding social and political issues.

For his work, the Government of Hong Kong appointed Woo to be a Justice of the Peace in 1993, and in 98 he was awarded the Gold Bauhinia Star.

Woo’s Past Ventures

As one of the richest people in Asia, Peter Woo has enjoyed many prominent positions throughout his career.

From 1993 to 1997 he served as chairman of the Council of the Hong Kong Polytechnic University.

He was also a founding chairman of the Hong Kong Environment and Conservation Fund Committee and served in that position from 1994 to 2004.

Woo has also been the chairman of the Hong Kong Hospital Authority and the Hong Kong Trade Development Council.

In 1996, he got involved in politics directly, running in the first Hong Kong Chief Executive Election before the colony was handed over to Chinese rule.

Most recently he made headlines calling for an end to travel restrictions put in place due to the COVID-19 pandemic.

While he remains active in business, in 2013, he appointed his son, Douglas Woo, as the managing director of Wheelock in 2013.