5 Richest Hotel Owners in the World

4. Michael Kadoorie

Net Worth: $6 billion

Michael David Kadoorie is a Hong Kong billionaire and businessman. Not only is he the chairman and 18% owner of Hong Kong’s largest electricity producer; the CLP group, but also holds a 59% ownership stake in Hong Kong and Shanghai Hotels. HongKong and Shanghai Hotels is a holding company responsible for the ownership, hotel management, and development of the Peninsula Hotels. Kadoorie also holds ownership in the Peninsula hotels through his wife and trusts, according to Bloomberg’s 2022 annual report. In 2022, Kadoorie paid $337.5 million to boost his family’s shares in HongKong and Shanghai Hotels, increasing his family ownership to 72%.