WONG LUEN HEI
CO-FOUNDER, CHAIRMAN
CHINA LESSO GROUP HOLDINGS
THE MONEY: Head of China-based Lesso Group, a supplier of pipes, building materials and home furnishings, with a reported revenue of $4.2B in 2023. Shares fell 35% for the year ended June 30; company has USD market cap around $1.2B (2128.HK). The company counts 50 subsidiaries and 30 production sites worldwide. Its American division is located in Corona.
BIG BUY: The Chinese developer in 2018 paid $92M to redevelop the former Fortunoff Source Mall in New York into a home furnishings retail center.
