Sunday, February 6, 2011

Week 2 - Drama of A Billionaire

Stanley Ho, the 13th richest man in Hong Kong who owns a Macau casino accused family members of seizing his stake in Asia's biggest casino empire, plunging ownership of the gambling business into dispute. Forbes places Ho’s wealth at $3.2 billion, but some analysts feel the figure could be much higher. Stanley Ho is a 90 years old man with 3 surviving wives and 17 children. Ho’s fortune became a hot topic when he declared that his third family, comprising of wife Ina Chan and five children, had improperly taken control of a 31.7 per cent stake in the holding company. Later, Stanley Ho went on television to inform that he would not sue and he wanted to resolve the matter with his family privately.

Everyone might think that being rich is good but this case proved that money is not everything. Ho started out in his business career with only $10. He took nearly half a century went on to build up a lucrative gambling empire in Macau, but what he get in return is not what he wanted. I think that family should be the main priority to live with, not money.

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