The man who built the largest gambling city in the world - Stanley Ho

It technically is no longer in business, but it is absolutely impossible to ignore its influence in the world of gambling. Who is he? The answer is easy - Stanley Ho or one of the biggest gambling moguls in the world.

92 years billionaire is solely responsible for creating the most profitable industry in the faster growing gambling city of Macau. This industry carries about 80% of the revenues of the city and Ho called the "King of Gambling", "King of Macau", "Underworld boss of Macau". In 2011, Forbes ranked Stanley Ho ranked 13 of the richest people in Hong Kong with an estimated net worth 3.10 billion. Dollars.

More interesting, however, is that the billionaire built his empire from scratch. His father went bankrupt when he was a child, and this led to the suicide of two brothers Stanley. He studied at the University of Hong Kong with a scholarship, but his education after his family was forced to leave Hong Kong and moved to Macao, during World War II, when the Japanese invaded the city. Began his business by selling luxury goods in China during the war, and later started a company to kerosene. Casino industry began when he and other investors earning monopoly in the city in 1982. From there, proceed to other branches of business in Macau, including department stores, hotels, banks, real estate, company and ferry line for high speed. The island was not open to foreign gaming companies in 2001. Currently companies Ho STDM, and SJM Holdings owns 18 casinos in Macau, and is currently under construction 19th, which will be ready in 2017.

Currently Ho has control over almost half the economy in Macau, and this makes it the most powerful man in town.

Varchev Finance