Wednesday, September 15, 2004
Forbes.com: Henry Fok Wants A Kinder, Gentler Macau
Old news but anyway....
Forbes.com: Henry Fok Wants A Kinder, Gentler Macau: "Henry Fok Wants A Kinder, Gentler Macau
Davide Dukcevich, 04.02.02, 12:41 PM ET
NEW YORK - Henry Fok wants to restore the community he helped make one of the most violent and seedy in the world.
The 78-year-old tycoon, who is worth about $1 billion, today said he wants to sell his 27% interest in Sociedade de Turismo e Diversoes de Macau, the former gambling monopoly he has been a part of since its inception in 1961. The Hong Kong native said he would use the sale of his gaming properties, which account for three-quarters of his wealth (the rest comes from real estate), to fund Macau charities and economic development. "