Calvin Lo tops the list of under-the-radar ‘Crazy Rich Asians’ living in Hong Kong with a Forbes net worth listing of $1.7 billion. As a man of finer tastes, he is Asia’s biggest client in buying and collecting French champagne. Lo also stacks up exotic cars such as the Pagani Huayra BC as well as the Gulfstream G650 private jet worth over $65 million.
Born with a silver spoon, Calvin Lo was the first in the line of succession of his family’s insurance brokerage firm, R.E. Lee International. He rose to become its CEO and currently oversees most of its estate planning services and premium coverage of ultra-high net worth individuals.
Lo is also the pioneer behind R.E. Lee Capital, a hedge fund currently managing $5 billion worth of assets. On the same note, the business Mogul now owns the Mandarin Oriental Taipei, Taiwan’s most luxurious hotel.
Calvin Lo may be extremely media-shy, but that doesn’t mean he is all work and no play. When he’s not too busy running his family’s legacy, Lo invests his time and money in philanthropic work. He once served as a board member of the Jane Goodall Institute between the years 2006 and 2018.
Lo has set up various charitable trusts worth $245 million by 2019; some of which oversaw community development initiatives, environment preservations as well as animal care. On the grounds of modesty, he has never given any public interview or taken credit for his generous donations.
Lo is all about the luxurious private lifestyle, living in a $70 million house in Hong Kong. He juggles between his other properties and businesses set up in Singapore, Tokyo, London, and Vancouver, amongst others.
Diving into his garage, Calvin owns a Rolls Royce Phantom, Lamborghini Aventador, Mercedes 565 AMG, and the Mercedes Maybach.
Most average billionaires live their lives under a microscope with every single aspect of their lives on the internet. Calvin Lo’s private life of secrecy goes to show how influential he is when it comes to discretion. As the 43rd richest person in Hong Kong, his money talks but admits nothing about him.