Kenneth Lo


Lok Fung Kenneth Lo is a Hong Kong billionaire businessman, chairman of the clothing manufacturer Crystal Group.

Early life

Kenneth Lo was born in mainland China in October 1938, the oldest son of Hong Kong businessman Law Ting Pong, also in the textiles industry. Lo and his family moved to Hong Kong when he was young, initially living in a refugee camp, where they survived off of meal coupons from the United Nations. Lo began working in his parents' garment factory at age 14.
His younger brother is fellow billionaire Law Kar Po.

Career

Lo's Crystal Group, which he established in 1970 with his wife, employs over 48,000 people in 20 locations and has an annual turnover of over US$1.6 billion. The company began as a small sweater factory, but now manufactures clothes for major brands such as H&M, Levi's, and Marks & Spencer. Lo stepped down from day-to-day operations in 2008, but remains involved with the company.
As of May 2018, Forbes estimated his net worth at US$2.9 billion.

Personal life

Lo's wife is Yvonne Lo, co-founder and vice chairman of Crystal Group. They have four children and his son, Andrew Lo, is CEO of Crystal Group.