Who is Charles Ho Tsu-kwok?
He is the Chairman of the Sing Tao News Corporation. And heir to the Hong Kong Tobacco Co. He was born on June 23, 1949. He is married to mrs. Tsu-Kwok.
Ho is a member of the Standing Committee of the Chinese People’s Political Consultative Conference (CPPCC), the advisory body to the Chinese legislature
Sing Tao News Corporation Limited
The Sing Tao News Corporation is a media company based in Hong Kong. The company owns printed media such as newspapers and magazines. And is also active in online Media. Newspapers include the Sing Tao Daily, the Headline Daily, and the widely-circulated English free newspaper The Standard.
Online activities include My-Magazin.me. In 2015 Sing Tao realised sales of US$ 170 million. Sing Tao has more than 2,000 employees. Charles Ho owns approx. 22% of the companies shares. In February 2021, he sold a 28 percent stake in Sing Tao News Corporation to Kwok Hiu-ting (Guo Xiaoting), vice chairwoman of mainland property management firm Kaisa Prosperity, for HK$370 million.
He is the father of Mr. Ho Kent Ching Tak, an Executive Director of the Company
Hong Kong Tobacco Co
The Hong Kong Tobacco company was founded by Charles’ grandfather Ho Ying Chie in 1950. The company is active in the manufacturing and sales of tobacco.
Its biggest brands included Marlboro and the local brand Companion. The Hong Kong Tobacco Co. became the eighth-largest tobacco company worldwide.
In 1996 the company sold their Marlboro and Companion activities to Philip Morris Asia. Ho still owns 49% of the companies shares.
Ho has good ties with the Chinese government, he is a National Committee Member of the Chinese People’s Political Consultative Conference.
Known as the People’s PCC, the conference is a political advisory body in the People’s Republic of China. Ho received the Grand Bauhinia Medal, the highest award under the Hong Kong system.
Charles Ho Net Worth and Philanthropy
Based on the shareholdings in Sing Tao and the ‘Tobacco activities’, we estimate his net worth at US$ 500 million or more.
Charles Ho – Wikipedia
Sing Tao News Corporation – Wikipedia