#1319

Martin Lau

Hong Kong 53 years old Self-Made

Overview

Source of Wealth
Internet
Industry
Technology
Residence
Hong Kong
Education
Kellogg School of Management (Master of Business Administration)
Stanford University (Master of Science in Engineering)
University of Michigan (Bachelor of Science in Engineering)

Assets

  • JD.com Inc.
    775,000 shares @ -
    -
    JD-US
  • Meituan Dianping
    3,257,000 shares @ -
    -
    3690-HK
  • Tencent
    3,507,000 shares @ -
    -
    700-HK
  • Tencent
    36,057,000 shares @ -
    -
    700-HK
  • Tencent
    4,400,000 shares @ -
    -
    700-HK
  • Tencent
    0 shares @ -
    -
    700-HK
  • Tencent
    0 shares @ -
    -
    700-HK
  • Tencent
    5,250,000 shares @ -
    -
    700-HK
  • Tencent
    3,215,000 shares @ -
    -
    700-HK

Biography

Martin Lau is the president of Chinese internet giant Tencent.

He became a billionaire for the first time in 2017 after Tencent shares jumped by a third over the previous year.

Beijing-born Lau grew up in Hong Kong and was educated in the U.S. He left Goldman Sachs to join Tencent as chief strategy and investment officer in 2005.

Tencent's growth was hit amid China's crackdown on tech companies in 2021, but it managed to make a comeback by introducing new games and selling more ads on the popular WeChat messaging app.

He sits on the board of several Hong Kong- and overseas-listed companies, such as online discount retailer Vipshop.

About

Lau was once nicknamed the "Salary King" for making his fortune as an employee rather than a founder.

After dominating the Chinese instant-messaging sector with its WeChat app, Tencent grew to become one of the world's largest purveyors of online gaming.