What is David Chow's Net Worth?
David Chow is an influential American entrepreneur, investor, and software engineer with an impressive net worth of $1.3 billion. His significant wealth primarily stems from his position as a prominent Macau businessman. Chow rose to billionaire status following the public listing of his casino and hotel operation, Macau Legend, on the Hong Kong Stock Exchange in 2013.
In January 2014, Forbes reported that Macau Legend Development, under Chow's leadership, planned to capitalize on the tripling of its share price since its IPO by selling a 2.9% stake. This move aimed to finance further expansion and ongoing operations. Notably, Dynam Japan, a Japanese pachinko parlor operator, also listed in Hong Kong, increased its holding in Macau Legend through this transaction. Dynam's chairman, Sato Yoji, and his family were ranked 11th on Forbes' list of the world's wealthiest gaming entrepreneurs.
Macau Legend and Other Ventures
David Chow has notably benefited from Macau's transformation from a former Portuguese colony into the world's leading gambling hub. Beyond being Macau Legend's co-chairman and CEO, Chow has held various key positions in numerous Macau business groups. His influence extends beyond his corporate roles, having previously served as a Macau legislator.
Chow's family also shares in his success. His mother, Lam Fong Ngo, who serves on Macau Legend's board, has joined him on the billionaire's list. He also holds the CEO position of Macau Landmark and Macau Fisherman's Wharf Investment Co. Ltd. Additionally, Chow has the honorary title of Consul of the Republic of Cape Verde to Macau SAR.
