Michael Kadoorie is the son of a famous business man Lawrence Kadoorie and his wife Muriel Kadoorie.
Michael Kadoorie has a net worth of $6.4 billion. He makes most of his money from China Light and Power Company (CLP) Holdings. This is the largest electricity producer in Hong Kong. Michael Kadoorie has 18% stake in the company. He also owns 47% of Hong Kong and Shanghai Hotels which operates the famous Peninsula Hotel in Hong Kong.
Michael Kadoorie is also the director of Heliservices (HK) Ltd and Metrojet Ltd. The Peninsula Hotel was founded by the Kadoorie family and used Rolls Royces for transporting guests. It is the oldest hotel in Hong Kong because the first hotel in the luxury chain opened its doors in 1928.
Heliservices (HK) Ltd is based in Hong Kong. The company provides filming, photography, aerial surveying, sightseeing and charters across boarders. The company also provides lifting as well as construction services. The company operates four helicopters.
Heliservices Ltd helicopters fly materials, workers and supplies to remote sites.
Hong Kong and Shanghai Hotels Ltd was established in 1866. The hotels were also established in Philippines, France, Los Angeles, Thailand, Chicago, Japan, Turkey, United Kingdom, China and New York.
In 1930 the Michael Kadoorie family joined the CLP board and retained control of the company until 2013.
Michael Kadoorie is a descendant of Iraq jews who settled in Asia. He is a licensed helicopter pilot and a collector of rare cars such as Bughatti, Rolls Royce, Lamborghini, Hispano Suiza and Ferrari among others.
He has over 30 years business aviation experience since he established Heliservices in 1978.
Michael Kadoorie’s family has a long history in business in Asia and around the world. They arrived in Shanghai in the 19th Century and focused on trading and hotels. Shanghai was the most advanced in the world. It was a combination of great wealth and great wealth.
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