Peter Woo has rocked the billionaire charts and was ranked 8th of the wealthiest people in Hong Kong with a net worth of $7 billion. He serves as the chairman of Wheelock and Company Limited and The Wharf Holdings Limited. Born in Shanghai (1946), Woo moved to Hong Kong three years later where he eventually attained a Bachelor’s degree in the University of Cincinnati specializing in Mathematics and Physics.
He obtained his MBA from Columbia Business School and then went on to work at the Chase Manhattan Bank and later rose as the chairman of Wheelock/Wharf Empire. Woo served as the chairman in a couple of different committees including Hong Kong Hospital Authority and holds major advisory positions at JPMorgan Chase and various other Fortune 500 companies.
His diverse interests are reflected in his business dealings with the majority of it focusing on real estate and this has topped up his immense wealth considerably. He invests strongly in Hong Kong property and his major holding company Wheelock controls business sites such as Harbour City and Times Square. These are just some of the major investments that reap him huge benefits and add up massive earnings to his kitty.
Woo’s leadership qualities and passionate commitment in the business world earned him the title ‘Leader of the Year’ in 1995 and he was appointed as ‘Justice of The Peace in 1993 by the HKSAR government. Woo also gained the honor of ‘Gold Bauhinia Star’ taking his name to the ever shining spotlight.
This Hong Kong business legend is married to Bessie Pao and their daughter is Jennifer Woo who oversees the Hong Kong luxury retailer Lane Crawford. Peter Woo stepped down as chairman of Wheelock at the age of 67 and his son Douglas Woo took the mantle as of January 1st 2014 with the primary responsibilities bestowed unto him.