We all know that there are many wealthy people around the world. Some of them were lucky to be born in rich families and some made their fortune by working hard and establishing their own business.
Many of the most famous and wealthy people are the casino owners as gambling is the most popular entertainment nowadays. This business requires quick and innovative decisions from entrepreneurs as well as creating new modern and luxurious places for gambling.
Stanley Ho is one of the richest people in the world and he is considered to be the "king of Macau gambling".
Background
Stanley Ho was born in November 25, 1921 in Hong Kong. He was the 9th child in the family of 13 children. His family was very rich and wealthy but at the age of 13 he felt the changes as he father went bankrupt after losing all the money at the stock market. His 2 elder brothers committed the suicide and Stanley took the care for his family.
Stanley understood that he needed to work and study hard to become successful, so he did. He got the scholarship to the University of Hong Kong but unfortunately couldn't finish the studies as the World War II started in1942.
Career
Stanley Ho started his business illegally during the War, he smuggled the luxurious goods from Macau to China. That kind of business gave him the opportunity to earn good money. Afterwards he legitimated kerosene as well as construction business. Moreover, he with 3 other businessmen started promoting tourism in Macau with the help of gambling. Stanley bought the rights for Macau gambling and he basically had the control of all Macau. Ho is the owner of 8 casinos in Macau and has shares in all but two gaming houses in the city nowadays.
Stanley Ho works in real estate, banking, air transporting, shipping and casino industry. His business net is estimated to $7 billion.
Being one of the wealthiest people in the world, Stanley can afford having mansions, airplanes and luxurious cars.