Hong Kong tycoon Thomas Lau, the managing director of Lifestyle, has been put on trial twice for insider trading. In 1999 he was cleared of all charges, but in 2006 he was forced to pay $3.9 million to the Chinese government and step down as chairman of the board of Chinese Estates Holdings, his brother’s real-estate company. (Thomas’s brother, Joseph, is also included on the ARTnews Top 200.) Lau collects modern and contemporary art.

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Thomas Lau

Hong Kong

Source of wealth:
Real estate

Collecting area:
Modern and contemporary art

Top 200 appearance:
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Fun fact:

Lau is considered by Forbes to be one of the richest people currently living in Hong Kong, with an estimated wealth of just over $1 billion as of 2015.