From now on, the 95-year-old tycoon will be the honorary chairman

Honorary chairmen are often given to retired founders or corporate visionaries, who are people who do a lot of work or take their companies to a new level. The organization owns businesses in real estate, shipping, hospitality, and investment. After a stroke he suffered , he gradually began to disperse the company and give his family the opportunity to run it.

Stanley Ho is the richest man in Macau and one of the richest men in Asia. His net worth is $2 billion, making him the 13th richest man in Hong Kong. He has four wives and 16 children, some of whom work in the gambling industry. Ho, the head of one of the most profitable businesses through SJM Holdings, is considered one of the main reasons why Macau is now a gambling hub. He helped developing countries become Asia's largest gambling place at the time, attracting enthusiasts from all over the world. By monopolizing games at the local level, he gained more than 50% of the local economy, which, as he is known informally, made him truly the "King of Macau."

One of his daughters, Fancy Ho, was the managing director of Soon Tak Holdings until recently. Her new chairmanship comes as no surprise to anyone because she has already demonstrated management potential in the company. She has two sisters who work for the company - Daisy Ho is the vice managing director and Meiji Ho is the current managing director of the company. Their father's investments include the territories of Mozambique, East Timor, the Philippines, China, Indonesia, North Korea, Portugal, and Vietnam.

In addition to the new chairman, Pansy Ho is also a director of Shun Tak Shipping Company Ltd., Renita Investment Ltd., Oakmount Holdings Ltd., and several companies.She was awarded the title Justice of the Peace by the Macau government, and received a bachelor's degree in marketing and international business management from Santa Clara University in the United States. For his role as director of Shun Tak Holdings, Pansy Ho will receive an additional HK$60,000 ($7,693 million) fee as well as an annual HK$50,000 ($6,411 million) fee for serving as director of the subsidiary   파워볼사이트 추천