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The Hon. Sir Michael Kadoorie, GBS, born 1941 in Hong Kong, is a business executive, one of the world's foremost tycoons and philanthropists. In early 2007, he is the fourth wealthiest person in Hong Kong and Greater China Region, after Li Ka Shing, Lee Shau Kee and the Kwok brothers, with the wealth of his family estimated to be 5.3 billion US dollars according to Forbes' annual list of billionaires[1].

 

The son of business tycoon Lord Kadoorie (Lawrence Kadoorie) (1899-1993) and his wife, Muriel Gubbay, Michael Kadoorie was educated at Institut Le Rosey in Switzerland. His family’s roots in business in the Far East go back to his grandfather, a descendant of Iraqi Jews originally from Baghdad, who first settled in Shanghai in 1880. After a spell in Bombay, India, his grandfather made a fortune in Shanghai, mostly lost in 1949, and later, in Hong Kong through finance, real estate and utilities. Headquartered in Hong Kong soon after 1949, Michael Kadoorie's father and uncle successfully expanded the family businesses into a diversified group, led by the company flagship CLP Holdings Ltd..

Michael Kadoorie, is the Chairman of CLP Holdings Ltd. which his family founded in 1890 and in which they still hold a 35% stake. The utility company provides electricity to 75% of Hong Kong as sole operator (licensed through a Scheme of Control) in Kowloon and the New Territories, and has equity interests in power plants in China, Southeast Asia, Australia and India. He is also the Chairman of the family's second largest listed group, The Hongkong and Shanghai Hotels, owners and operators of the world-renowned Peninsula Hotel Group. Michael Kadoorie also controls and is a director of Metrojet Limited, Heliservices (Hong Kong) Limited and has initiated CLP Research Institute (a subsidiary of CLP Holdings which looks into renewable energy development). He holds a number of directorships in other non-Kadoorie companies. He was a member of the Council of the University of Hong Kong and, in 2000, the Kadoorie Biological Sciences Building opened at the university. In 2004, the University of Hong Kong awarded him an honorary LLD.

A renowned philanthropist and a trustee of the Kadoorie Charitable Foundation, Michael Kadoorie was made an Officer of the Legion of Honor by the government of France and a Commander of the Order of Léopold II of Belgium. He was awarded a knighthood, as a Knight Bachelor, in the Queen's Birthday Honours List on 11 June 2005.

A photography buff, Michael Kadoorie, is also a helicopter pilot and a fan of classic cars. He is the owner of a number of rare automobiles including a Type 57 Bugatti, a 1932 Phantom II Thrupp & Maberly, a 1934 Hispano-Suiza J12 Van Vooren Cabriolet, a 1969 P400 S Miura Lamborghini and a Rolls-Royce Silver Ghost. In 1998, he spent two months recovering from serious injuries at the John Radcliffe Hospital in Oxford, England after having an accident in his vintage Ferrari when the spokes in two of the rebuilt wheels tore through the tyres.

He lives in Hong Kong with his wife and three children.

The Honourable Sir Michael Kadoorie,, GBS, LLD (Hon.), DSc (Hon.), Officier de la Légion d'Honneur, Commandeur de l'Ordre de Léopold II, Commandeur de l'Ordre des Arts et des Lettres, aged 67, Chairman, Member of Nomination Committee and China Committee
(Appointed on 19 January 1967*)
The Hon. Sir Michael Kadoorie is the Chairman of The Hongkong and Shanghai Hotels, Ltd. and Heliservices (Hong Kong) Ltd.; a Director of Sir Elly Kadoorie & Sons Ltd.; an Independent Non-executive Director of Hutchison Whampoa Ltd.; and an Alternate Director of Hong Kong Aircraft Engineering Company Ltd. He is the brother-in-law of a fellow Director, Mr. R. J. McAulay. He holds a number of directorships in other companies and organisations.

* The date given is that of appointment to the Board of China Light & Power Co., Ltd., the holding company of the CLP Group prior to the Group Reorganisation in 1998. The Hon. Sir Michael Kadoorie was appointed Chairman to the CLP Holdings Board on 31 October 1997.

Oxford
Thanks to a £1 million benefaction from Sir Michael Kadoorie, the University is appointing a Professor of Trauma Rehabilitation. This initiative will build on the multidisciplinary research currently being undertaken in critical care within the Medical Sciences Division. Sir Michael’s gift ensures Oxford is at the cutting edge of this crucial academic field.
Sir Michael Kadoorie is a business executive based in Hong Kong, and chairman of CLP Holdings Ltd., which his family founded in 1890. He was knighted in the UK for his extensive philanthropic activities in 2005.

 

Hong Kong Business Aviation Centre Opens Second Hangar as Business Aviation Grows in Hong Kong
Source: Hong Kong Business Aviation Centre

04/09/2007

The Hong Kong Business Aviation Centre, Limited (HKBAC) today held a grand opening ceremony for its new HK$100 million, state-of-the-art Hangar 2. The new facility was needed to increasing business aviation and jet-setters’ lifestyles and travel patterns. Hangar 2 has over 38,000 square feet of floor area and is large enough to accommodate an Airbus ACJ or a Boeing BBJ private jet. Michael Kadoorie,
Present at the grand opening ceremony were the guest of honour, The Honourable John Tsang, JP, Financial Secretary of the Hong Kong Special Administrative Region, Mr. Norman Lo, JP, Director-General of Civil Aviation, Mr. Stanley Hui, JP, Chief Executive Officer, Airport Authority Hong Kong; and representing major shareholders of HKBAC were Mr. David Tong, Deputy Chairman of HKBAC, Mr. Raymond Kwok, Vice Chairman & Managing Director, Sun Hung Kai Properties, The Honourable Sir Michael Kadoorie, Ms Peng Shuangnan and Mr. Gary Boekenkamp, Directors of HKBAC, and Ms Madonna Fung, General Manager of HKBAC.

Business aviation has gained popularity as the new generation of corporate leaders and global entrepreneurs prefer private or corporate aircraft as the fastest, easiest way to travel. This trend can be seen from the rapid rise in the number of aircraft movements at the HKBAC, from 981 in 2000 to 2,853 in 2006, representing a compounded growth rate of 19.5% per annum.

Mr. John Tsang said at the opening: “Since its inception, the Business Aviation Centre has positioned itself as Asia's premier executive aviation support facility and has played an important role in meeting the travelling needs of senior business executives.” He continued: “This investment greatly enhances the Centre's capability to serve its clients. With the second hangar in place, the Business Aviation Centre will be best placed to compete and respond to the growth in market needs.”

The HKBAC is the only business aviation support facility in Hong Kong for those who own, operate or charter private aircraft. It is also the first in Asia to have on-site Customs and Immigration clearance, which offers travellers added convenience and flexibility. The HKBAC’s world-class technical support and customer service have won acclaim over the years, being named “Best Fixed Base Operator in Asia and Middle East” by Professional Pilot magazine in 2003, 2005 and 2006. Michael Kadoorie,

The new hangar was designed effectively to use as much natural light as possible to save energy. It meets the highest safety standards with infrared heat detectors, and the Hangar 2 complex has a workshop for tenants, a comfortable crew lounge with excellent amenities and a 24-hour office.

Hong Kong International Airport has earmarked HK$80 million to expand the HKBAC’s dedicated apron area from 290,500 to 603,000 square feet, facilitating efficient taxiing and provide additional parking area for business jets. Business aviation in Hong Kong and the region is tipped to continue to develop robustly in the coming years, complementing the airport’s status as the regional and international aviation hub.

Sir Michael Kadoorie said: “Investing further in the city’s only business aviation facility is a strong and visible expression of our confidence in Hong Kong. Our major shareholders – Sun Hung Kai Properties, the Kadoorie Group, China Southern Airlines and Signature Flight Support – bring their collective global experience and expertise to help realize the government’s vision of placing Hong Kong amongst the leading cities in the world.”

Mr. Raymond Kwok noted that the HKBAC has seen encouraging growth since it opened in 1998. With globalization increasing rapidly, the way business is conducted and the style in which people travel have been changing considerably. Hong Kong is one of the prominent gateways to global business, and business aviation is an important contributor to this financial hub. The HKBAC will continue to offer the business community high-quality service and the unique touch of class that makes it the best.

Below:Officiating guests of the Hong Kong Business Aviation Centre Hangar 2 Grand Opening Ceremony (from left to right): Ms Peng Shuangnan, Director, HKBAC, Mr. Norman Lo Shung-man, JP, Director-General of Civil Aviation, Mr. David Tong, Deputy Chairman, HKBAC, Mr. Raymond Kwok, Vice Chairman & Managing Director, Sun Hung Kai Properties, The Honourable John Tsang Chun-wah, JP, Financial Secretary of the HKSAR, The Honourable Sir Michael Kadoorie, Director, HKBAC, Mr. Stanley Hui, JP, Chief Executive Officer, Airport Authority Hong Kong, Mr. Gary Boekenkamp, Director, HKBAC and Ms Madonna Fung, General Manager, HKBAC. Michael Kadoorie,

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