Peter Lam

Peter Lam
Born 林建岳
Lam Kin-ngok
(1957-08-07) 7 August 1957
Hong Kong
Alma mater University of Oregon
Occupation Businessman
Spouse(s) Hsieh Ling-Ling
（1980－1995）
Children Lester Lam
Emily Lam Ho
Evelyn Lam
Lucas Lam (twins)
Eleanor Lam (twins)
Lyann Lam
Parent(s) Lim Por-yen
U Po-chu
Relatives Pearl Lam (sister)
Lam Kin Ming

Peter Lam Kin-ngok, GBS (Chinese: 林建岳, born 7 August 1957) is a Hong Kong businessman and billionaire.

He is the son of the late industrialist tycoon Lim Por-yen and his second wife U Po-chu. He is well known for Hong Kong business and entertainment industry.

He currently is the Chairman of Lai Sun Development Company, Lai Fung Holdings,[1] Hong Kong Tourism Board, and a director of e-Sun Holdings. He also owns Media Asia Entertainment Group and Clot Media Division.

Biography

Peter Lam Kin Ngok[2] was born in 1957 in Hong Kong to Guangdong Teoyeo descendants. He is the son of the late industrialist tycoon Lim Por-yen and his second wife, U Po-Chu. He has two brothers, Lam Kin Ming and Lam King Hong. At the age of thirteen, he was sent to Canada for four years of high school, after which he attended the University of Oregon where he graduated in 1987. After his graduation, he returned to Hong Kong to help his father, eventually becoming the vice-chairman of Lai Sun Group.

In 1997, Lam purchased Furama Hotel for HK$6.9 billion to rebuild it even though the idea was strongly opposed by his father Lim Por-yen. Unfortunately it is during the time Asian economic crisis struck and the property market nose-dived, forcing Lai-Sun Group to borrow money from banks, and this led them to be in debt of a hundred billion Hong Kong dollars[3]

After this bad experience, Lam put more focus on his entertainment business. The first step to him becoming an entertainment magnate came in 2002, when the movie produced by his company, Internal Affairs, enjoyed huge success. In 2004, Lam and Hong Kong singer Leon Lai started a music group- Amusic which recruited famous Hong Kong singers.

In 2009, Peter supported Sharon Cheung to start a free movie website "Goyeah.com". This is the first time in Hong Kong movies were shared online for free. The website's main revenue is from commercials[4]

In 2011, Peter was awarded Honorary Doctorate by the Hong Kong Academy of Performing Arts, recognising his contribution to music & film industries and support to the academy.[5]

In February 22, 2013, Hong Kong SAR government announced the appointment of Peter Lam Kin Ngok as the new chairman of Hong Kong Tourism Board replacing James Tien.[6] In the same year, Lam was elected by members to the standing committee of the twelfth CPPCC national committee.

Peter Lam is the current chairman of Lai Sun Development, Crocodile Garments, Media Asia Group Holdings, the Hong Kong Tourism Board, and deputy chairman of Lai Fung Holdings. He received the Gold Bauhinia Star award in 2015 for his outstanding contributions. [7]

Personal life

Peter married Taiwanese actress Hsieh Ling-Ling in 1980, the couple had five children- Lester, Emily, Evelyn, Eleanor and Lucas, where Eleanor and Lucas are mixed twins. However, due to Lam's dissolute, the couple had filed for divorce in 1993, after two years the couple officially divorced.[8]

Their eldest son, Lester Lam 林孝賢 who graduated from Northeastern University in the United States is currently the executive director and CEO of Lai Sun Group. In one interview, Lester stated that he admired his father and spoke about how to manage a family business so that he can be considered as the successor of the future Lai Sun Group.[9]

In 2000, Lam's then-girlfriend Monica Chen, an actress, model, and businesswoman from Taiwan, gave birth to their baby daughter Lyann Lam. Lyann is his youngest child.

Political & public positions

Hong Kong Tourist Board

Peter was appointed as the Chairman of the Hong Kong Tourism Board (HKTB) for three years from April 1, 2013, to March 31, 2016, succeeding James Tien Pei-chun.[10] He was further re-appointed as the Chairman for three years from April 1, 2016, to March 31, 2019.[11]

Our Hong Kong Foundation

Peter is a counsellor of Our Hong Kong Foundation. This Foundation is a Hong Kong non-profit organization registered in September 2014, with an aim to promote the long-term interests of Hong Kong through policy research, analysis and recommendation. Pooling together local, mainland and international talent, it studies Hong Kong’s development needs, offering multidisciplinary public policy recommendations and proposing solutions to foster social cohesion, economic prosperity and sustainable development.[12]

Business and Professionals Alliance for Hong Kong

Peter is the council chairman of the Business and Professionals Alliance for Hong Kong, a political party formed in October 2012. [13] The goal of this alliance is to drive forward Hong Kong’s economy through commercial and industrial development and to help improve people’s livelihood through its professionalism and dedication. The alliance offers suggestions for the long-term strategic development of Hong Kong and for the well-being of the public.

Hobby

Peter, who loves cigars, owns a cigar shop in Hong Kong. He reportedly enjoys "Buttman" Batman-based humour T-shirts. He also loves horse racing. He and both of his brothers are members of the Hong Kong Jockey Club where he owns two horses, Go Baby Go and Million Darling. In Million Darling's six appearances, he has been in the top four every single time. Sadly due to a leg injury, Million Darling was forced to retire in 2011, earning a total stakes of HK$939,475.[14]

2008 speeding offence

In early 2008, Lam avoided a speeding offence when he successfully challenged the correct use and validity of laser speed detectors by the police. Lam was allegedly clocked at 114 km/h in a 50 km/h zone. He eventually pleaded guilty to driving at 79 km/h, and was fined HK$450.[15]

References

  1. ↑ Peter Lam, "https://hk.asiatatler.com/tatler-list/500list/peter-lam",
  2. ↑ https://hk.asiatatler.com/tatler-list/500list/peter-lam
  3. ↑ A little less debt for ailing Lai Sun Archived 2007-11-02 at the Wayback Machine. "The Standard", November, 2012
  4. ↑ Entertainment people are slow in reaction "Apple Daily", April, 2009
  5. ↑ Citation of Peter Lam, HKAPA. Retrieved 2018-06-06
  6. ↑ Entertainment king Peter Lam named Tourism Board chief "South China Morning Post",
  7. ↑ In full: the Hong Kong honours list, SCMP 2015-07-01
  8. ↑ Peter Lam, "Hong Kong Tatler. com",
  9. ↑ Lam in Season, "Gafencu Men",
  10. ↑ Appointment of Chairman and members of Hong Kong Tourism Board, February 22, 2013. Retrieved 2018-06-04
  11. ↑ Government announces appointments to Hong Kong Tourism Board , February 26, 2016. Retrieved 2018-06-04
  12. ↑ Introduction to Our Hong Kong Foundation. Retrieved 2018-06-04.
  13. ↑ People Profile of Peter Lam, official website of Business and Professionals Alliance for Hong Kong. Retrieved 2018-06-06
  14. ↑ Go baby Go, Million darling profile, "The Hong Kong Jockey Club",
  15. ↑ "Top gun triggers a police rethink". The Standard. 21 January 2008. Archived from the original on 22 May 2011.
Political offices
Preceded by
James Tien		 Chairman of the Hong Kong Tourism Board
2013–present		 Incumbent

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