Owner of one of the largest and most successful real estate companies in the East, the billionaire told her life experience.
Rita Tong Liu is a woman from Hong Kong who inherited great business skills. According to him, the women in his family are used to getting involved in financial matters, which undoubtedly paved the way for him to build the empire he holds today.
The family business, Gale Well Group, is characterized by being in charge of long-term, mostly safe investments, even though profitability is initially low. It was founded in 1976 and since then it has focused on the purchase of luxury apartments and houses for rent. But finally, what crowned it as a market leader was its foray into car parking spaces.
Family business
The story of Rita Tong Liu, a real estate business expert who built a great fortune
The tycoon’s personal life, however, is quite private. Just as he remains anonymous when carrying out financial actions, he also did not spread much about his personal life story. Mostly what is public knowledge is known.
In 2003, her husband passed away, and soon after she decided to move near her business offices in Hong Kong’s central business district. That place is famous for the scarcity of supply and higher prices than in London and New York. In its new establishment it had entire floors in Grand Millennium Plaza, Shun Tak Center, Far East Financial Centre, Lippo Center and Admiralty Centre, and the entire China Insurance Group building and Austin Plaza.
It has 6 complete buildings. The oldest property he purchased was a luxury development in 1987 for $38 million. For financial questions, he turns to his two younger brothers Jacinto and Luis Tong, and ultimately to his son Jeffery, who runs his own real estate company.
In the last year, he had an offer of $516 million for some of his properties. In any case, it is always she who makes the final decision. One of his most controversial phrases is that he does not allow himself to be fooled by that philosophy of “buying low and selling high.” But after a sale, the exchange is always for a better property.
How much is Rita Tong Liu’s fortune, according to Forbes
Currently, Rita Tong Liu’s fortune is approximately 3.8 billion dollars. And he is ranked 991st among the richest people in the world.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
