| Name: | Karen Lo |
| Net Worth: | US$ 1 billion |
| Source of Wealth: | Vitasoy |
| Born: | 1971 |
| Age: | |
| Country: | USA/Hong Kong |
| Spouse: | Eugene Chuang |
| Children: | |
| Residence: | Malibu |
| Private Jet: | (VP-CTE) Gulfstream G550 |
| Yacht: | Game Changer |
Karen Lo, a name synonymous with wealth and philanthropy, was born into the Vitasoy empire in 1971. Known for her impressive art collection and significant charitable contributions, she also holds the distinction of being married to the successful businessman, Eugene Chuang.
Vitasoy is a prominent beverage company, well-established in Hong Kong since its inception in 1940. The brainchild of Dr. Lo Kwee-seong, Vitasoy’s foundation rests on high-quality, high-protein soy milk products.
The company expanded its offerings in 1976 with a series of juice drinks and teas, and by 1979, it had begun selling products in the USA. Today, Vitasoy is a name known globally, boasting annual sales of around $1 billion, net profits of approximately $100 million, and a dedicated workforce of over 7,000 employees.
Owing to her inheritance of the Vitasoy fortune, Karen Lo’s net worth is a staggering estimated $1 billion. This wealth affords her a lifestyle marked by art collection, philanthropy, and entrepreneurship.
Karen Lo’s life is further enriched by her marriage to Eugene Chuang, the enterprising owner of the Satinu Resources Group. Satinu Resources is a successful investment company, with shares in a variety of firms, including HEC Securities, Shengjing Bank Co., Ltd., Hongkong & Shanghai Hotels, and China Touyun Tech Group.
But business isn’t the only shared passion in their relationship. Karen and Eugene are renowned art collectors and committed philanthropists. Their joint efforts in philanthropy include the establishment of the Karen Lo Eugene Chuang Professorship in Diversity and Equity.
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Karen and her husband Eugene own several properties around the world. One of the most notable is a $100 million mansion in L.A.’s Holmby Hills neighborhood. They also own a $70 million property in Malibu, which once belonged to Teodoro Obiang Mangue, the son of the president of Equatorial Guinea.
Holmby Hills, situated in Los Angeles, California, is renowned as one of the affluent neighborhoods on the West Coast. This neighborhood is nestled between Beverly Hills and Bel-Air, forming a part of the region known as the “Platinum Triangle” of wealthy L.A. districts. Holmby Hills is known for its lavish residences, sprawling green spaces, and tranquil environment.
Many homes here reflect a variety of architectural styles, from Mediterranean villas to traditional English country houses. Its central location puts residents within easy reach of some of L.A.’s best shopping and dining experiences. The neighborhood is also home to the renowned Los Angeles Country Club.
Holmby Hills has been the residence of choice for numerous celebrities, business moguls, and entertainment industry elites. One of its most notable properties was the Playboy Mansion, the former residence of Hugh Hefner. With its combination of prestige, exclusivity, and accessibility, Holmby Hills continues to be a coveted residential area. Despite its proximity to the bustling city, the neighborhood maintains an air of peaceful seclusion, making it a perfect retreat for those seeking both luxury and tranquility.
She is the owner of the Damen motor yacht Game Changer.
The Game Changer yacht, constructed by Damen Yachting in 2017, uniquely transitioned from a yacht support vessel to a luxury ‘real yacht’.
Following a 2018 refit, she sports an extra lounge on the tender deck and a lengthened profile due to an added swim platform.
Powered by MTU engines, she can reach a max speed of 21 knots and a cruising speed of 14 knots.
Karen and Eugene are the owners of a Gulfstream G550 private jet, with registration VP-CTE.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
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SuperYacht Owners Database 10-2023
