Clementina Leitão

4/10/2022 admin

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Clementina Leitao
Stanley Ho First Wife
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Clementina Leitao Ho
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Stanley Ho was a man rarely seen at the gambling table and even advised youngsters not to indulge in gambling.

The 'Casino King' even famously said he was not a fan of gambling and rarely took part.

'I've always told people to treat gambling as a game and entertainment and never indulge in it too much,' he once said. 'You can hardly win over me in gambling because I take a commission from your bets. But people just never listen to me.'

A rift has surfaced among gaming magnate Stanley Ho Hung-sun’s next of kin over his two family trusts.Deborah Ho, a daughter of the tycoon’s deceased first wife Clementina Leitao, triggered a legal. View the profiles of people named Clementina Leitao. Join Facebook to connect with Clementina Leitao and others you may know. Facebook gives people the.

He added: 'We, casino operators earn money as if we print banknotes. You can't become poor if you print banknotes every day.'

A rift has surfaced among gaming magnate Stanley Ho Hung-sun's next of kin over his two family trusts. Deborah Ho, a daughter of the tycoon's deceased first wife Clementina Leitao, triggered a. How to say clementina in English? Pronunciation of clementina with 1 audio pronunciation, 5 translations and more for clementina.

Ho was also a renowned womanizer -with four wives, 16 children and 12 grandchildren. He was nicknamed 'Dancing King' as he met two of his wives on the dance floor.

Ho met first wife Clementina Leitao, a scion of Portuguese officials and barristers, in 1941.

Dubbed the 'prettiest woman in Macau,' Leitao was love at first sight for Ho, prompting him to learn Portuguese to win her heart. They married in 1942 and had one son and three daughters.

Unfortunately, their son Robert Ho Yau-kwong died in a car crash at age 33 - with Leitao devastated by the loss. Their eldest daughter Jane Ho also died of an illness in 2014.

Leitao herself was in two traffic accidents - in 1952 and 1973 - before passing away in 2004.

Since 1957, Leitao had been suffering from chronic intestinal issues and became wheelchair-bound after the second car crash.

Ho then persuaded Leitao to allow him to marry Lucina Laam King-ying, who was only 14 years old when he met her at a ball in the 1950s.

Laam became Ho's second wife in 1957 and soon became known as the 'Dancing Queen' who accompanied Ho at parties. They had four daughters and a son.

In 1977, Ho fell in love with Ina Chan Un Chan, who was Leitao's private nurse. She became his third wife and they had two daughters and one son.

Ho met his fourth wife, Angela Leong On-kei, at a party in 1986. Leong is co-chair of SJM and a lawmaker in Macau. They had two daughters and two sons.

Despite recognizing four women as his wives, only Leitao and Laam were legally wedded to Ho, with Laam married as a concubine under Qing Dynasty laws, which allowed a man to have more than one wife. However, the law was abolished in 1969.

Ho's death sparked concerns about how his wealth will be distributed among his family although he had already made plans to divide it among his 16 children - with those from his second, third and fourth wives jointly handling most of his assets.

His children with Laam have become Ho's successors in his business empire after he withdrew from the management of his companies in the past decade due to his poor health 11 years ago.

His eldest daughter, Pansy Ho Chiu-king, is chairwoman and executive director of Shun Tak Holdings worth HK$7.6 billion.

Second daughter Daisy Ho Chiu-fung is co-chair at SJM Holdings, which is worth HK$46 billion, and youngest son Lawrence Ho Yau-lung is chairman and executive director of Melco International Development, worth HK$21.5 billion.

Ho's biggest asset was Tourism and Entertainment Company of Macau -commonly known by the abbreviation of its Portuguese name STDM - that he co-founded in 1961. It is the parent group of SJM Holdings and its net worth is unknown as it is not a listed company.

Laam's children own 26 percent of STDM.

In January last year, they signed an agreement with the family of co-founder Henry Fok Ying-tung to collectively decide on who would become the group's chairman and directors.

Clementina Leitao

After forming the alliance, Laam's children and Fok's family have secured 53 percent of STDM's shares.

Third wife Chan has some 10 percent of STDM and is responsible for managing casinos in Vietnam, while fourth wife Leong has over 8 percent of SJM shares to become its second-largest shareholder.

Stanley Ho First Wife

Leitao's children remain low profile and have not taken significant roles in their father's businesses.

jane.cheung@singtaonewscorp.com

A rift has surfaced among gaming magnate Stanley Ho Hung-sun's next of kin over his two family trusts.

Deborah Ho, a daughter of the tycoon's deceased first wife Clementina Leitao, triggered a legal action in the High Court last Tuesday by asking her elder sister, Angela Ho Chiu-yin, who is the trustee of The Clementina Ho Trust and The Stanley and Clementina Family Trusts, to provide her with deeds and documents related to changes to the trusts' arrangement.

Deborah, as a beneficiary, also requested Angela elaborate on the amount and state of property of the trusts.

Trust deeds, deeds involving removal and appointment of trustees, information of changes in the structure of the trusts, full trust accounts and financial statements and documents concerning remuneration received by Angela or other previous trustees were among the information she is seeking.

Casino tycoon Stanley Ho's son paid US$64 million for Hong Kong

Deborah also requested that her sister provide copies of all communications that had been made between Angela or other previous trustees and their legal advisers.

Stanley Ho Is Jewish

The minutes of three meetings between Angela and the beneficiaries, including herself, between 2013 and 2015 in her lawyers' firm, and the minutes and PowerPoint slides relating to a meeting on January 15 in the same location were also requested.

The documents must be handed over within seven days after the court made the orders.

A Friday statement Angela's lawyers issued on her behalf said it was unfortunate her sister had issued proceedings against her to obtain the documents.

It said under Angela's management, the trusts had outperformed the market and had been operating in a compliant manner. All beneficiaries' needs had been taken care of equally, and Deborah had not been denied any access to information relating to the trusts, it said.

The trusts had held annual meetings to reveal to all beneficiaries the status of its assets and performances. Deborah's questions were also addressed during the meetings.

Stanley Ho's four-decade grip on the world's biggest casino hub

'Deborah claims that she is ill in Macau and poor, and this is unfortunately a fabrication as she has received distributions annually on time and has received around HK$97 million (US$12.5 million),' it said.

Stanley Ho Family

Angela was quoted as saying: 'I am very sad and dismayed that all the family members have been dragged into this matter due to Deborah's unnecessary and disruptive actions.'

'King of Gambling' Stanley Ho, 98, one of Asia's richest men, monopolised the gaming industry in Macau until 2002, when the casino hub's government introduced foreign investors.

The Hong Kong-Macau business magnate co-founded SJM Holdings in 1962, which owns nineteen casinos in Macau including the Grand Lisboa. He has four wives and 17 children.

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Clementina Leitao Photos

Clementina Leitao Ho

This article originally appeared on the South China Morning Post (www.scmp.com), the leading news media reporting on China and Asia.