• Children Of Stanley Ho
• Stanley Ho's Children
• Stanley Ho Children

There’s been a lot of talk about how the late Stanley Ho would be splitting his vast wealth among his family members. And it turns out that the casino mogul had decided against giving a lump sum of money to each of his kids. According to Hongkong Apple Daily, Stanley had set up a family trust where his children will each receive a 'six-figure sum' every month. When converted to Singapore dollars, it means they'll be getting at least S$18K a month.

Children Of Stanley Ho

Stanley Ho’s Kids Will Each Receive At Least S$18K A Month From A Family Trust The Late Casino King Had Set Up Their privileges might get revoked if they spend their money recklessly though. There’s been a lot of talk about how the late Stanley Ho would be splitting his vast wealth among his family members. Stanley Ho is a business magnate based in Macau and Hong Kong. As per Forbes, his estimated net worth was about $3.1 billion in 2014. Forbes listed him as the 13 th richest person in Hong Kong and the richest in Macau. The billionaire stakeholder of SJM Holdings Ltd. (880), the largest casino company in Asia, is also one of the wealthiest persons in Asia.

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  On top of that, all three of his surviving wives, Lucina Laam, Ina Chan and Angela Leong, have been named as beneficiaries and have been tasked to use an undisclosed amount of money to pay for their children’s daily expenses, education fees and more.
  

  There’s also a clause that states that Lucina, Ina and Angela will be allowed to request for additional funds when necessary. This, however, will be subject to a round of voting from all the other two ladies, with the final approval rights given to the executor of the fund, who has not been publicly named.
  

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  Stanley celebrating his birthday with Angela and their children in 2017

  This trust fund is believed to have been established long before Stanley’s death, and has a certain set of rules that his family members have to abide by. One of Stanley’s daughters is said to have gotten her pocket money privileges revoked after she splurged on an expensive sports car for her then-boyfriend. She was only allowed to receive her funds after some time — presumably after her parents got over how she was squandering her money.

  Trust funds aren’t new to the ultra-rich in Hongkong. Michelle Reis was previously reported to receive S$350K a month from a trust fund that her late father-in-law, tycoon Hui Sai Fun, set up to ensure that his descendants do not have to worry about their living expenses for the rest of their lives.

  Photos: PBE Media

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With the passing of casino magnate Stanley Ho, his wives and kids have been thrust back into the spotlight (not like they have ever been out of it) as the issue of how his vast inheritance will be divided among his family has become a major talking point.

Stanley Ho's Children

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  Stanley and Clementina were quite the lookers in their younger days

  While his second, third and fourth wives and their kids are still very much in the public eye, little is known about the family he had with his first wife, Clementina Angela Leitao, who passed away in 2004 at the age of 80.
  

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  Their first child, Jane, was born in 1947. She read law in England and was hailed as a capable career woman. She married Siu Pak Shing, who's the heir of a wealthy funeral business in Hongkong, but their marriage ended in divorce in 1981. Jane passed away in 2014 at the age of 67 after years of suffering from Churg-Strauss syndrome, a rare disease that affects one's blood vessels. She is survived by her daughter Ringo Siu.
  Robert was born a year after Jane and was regarded as the heir to his father's casino empire. Sadly, Robert and his wife, English model Suki Porter, were killed in a car accident in Portugal in 1981. Robert was only 33 then.

  Stanley and Clementina were devastated by their son's death and they appointed their youngest daughter Deborah to become the guardian of Robert and Suki's two girls, Faye and Sarah. Sarah, who was three when her parents died, told the South China Morning Post in a 2009 interview that she and her sister were brought up by their grandmother, who split their time between Hongkong and Macau.

  In 2006, Sarah founded SHO Fine Jewellery, while Faye was named the honorary president of Anima, the Society for the Protection of Animals in Macau, in 2010. She was diagnosed with Stage 3 breast cancer in 2016, but has successfully battled the cancer into remission.
  

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  Angela (far right) and Deborah (with the buzz cut) with their parents

  The couple’s two youngest daughters, Angela, 62, and Deborah, 58, have largely stayed out of the limelight, save for a high-profile spat over money earlier this year.
  Angela, who is married to Danish artist Peter Kjaer, is very involved in the arts. She lived in the US for seven years, but eventually returned to Hongkong, where she purchased an art gallery in the California Tower in upscale Lan Kwai Fong. Its opening in 1993 was attended by Stanley himself.

  Deborah is known for her trademark buzz cut and androgynous style. She reportedly once told reporters, 'I don't need anyone to woo me, dogs will always have the number spot in my heart.'
  In 2000, she went public with her relationship with a female model from Xinjiang named Golly and sources claimed that Stanley was infuriated with her coming out.

  She is also reported to have a strong interest in the property market, snapping up a number of high-value houses and buildings in the past years. In 2005, she opened a two-storey foot massage parlour cum hair salon in Central Hongkong. She handed over the reins to her female friend, Liang Caiyi, for reasons not made known to the public.
  

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  Stanley and Clementina's two surviving daughters made headlines earlier this year when Deborah started legal proceedings in the High Court to demand that Angela provide her with legal documents with regards to The Clementina Ho Trust and The Stanley and Clementina Family Trusts.
  Angela’s lawyers shot back, saying that Deborah’s claims of being “ill in Macau and poor” were “unfortunately a fabrication as she has received annual distributions on time”. They added that she has received around HK$97mil (S$17.8mil), and Angela blasted her younger sister’s actions as “unnecessary and disruptive”.
  

  Netizens also pointed out that both Angela and Deborah were conspicuously absent from Stanley’s 98th birthday celebration last November. Granddaughters Ringo, Faye and Sarah were also missing from the festivities, sparking questions on whether they have chosen to distance themselves from the Ho family.

  Photos: PBE Media, Sina

Stanley Ho Children

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