Francis Choi

Francis Choi Chee-ming, GBS, JP (Chinese: 蔡志明; born 1945) is a Hong Kong businessman and billionaire. As of March 2022, his net worth is estimated at US$8.1 billion.[1]

Francis Choi Chee Ming
Born
蔡志明
Choi Chee-ming

1945 (age 77–78)
Jieyang, Guangdong, China
Occupation(s)Founder and chairman, Early Light International (Holdings) Ltd.
Known forToy manufacturer, and property developer
Spouse(s)Lee Wai-lei
Children3, including Karson Choi
Chinese name
Chinese蔡志明
Websitewww.earlylight.com.hk

Choi is the founder and chairman of Early Light International (Holdings) Ltd., the largest manufacturer of toys in the world.[2] He is nicknamed "the King of Toys".[3] Choi is self-made, having started his professional life as a toy salesman, and is ranked 11th on the Forbes list of Hong Kong's 50 richest people, and No.283 in the world in 2022.[4]

Early life

Choi was born in Guangdong Province, but grew up in Hong Kong.

Career

In 1972, Choi was a 25-year-old toy salesman opened his first toy factory. Within five years, his business had grown to 300 employees. He began his relationship with toy giant, Mattel, Inc. during his first decade in business. Before long, his company was manufacturing Snoopy merchandise for Mattel.

Choi is a member of the Chinese People's Political Consultative Conference.[5] He is Chairman of Early Light International (Holdings) Ltd., the company he founded.

He also owns sizeable stakes in listed companies Town Health International and Regal Hotels International,[5] as well as being vice-chairman of the Regal board.[4] Choi is an avid watch collector, and also owns a chain of watch retailers.[4]

Personal life

Choi has three children.[1] He and his wife, live in Hong Kong. His daughter-in-law is model Irene Wang.[1] Choi collects cars, watches and horses.

References
  1. "Forbes profile: Francis Choi". Forbes. Retrieved 9 March 2022.
  2. "Quamnet.com 華富財經". Archived from the original on 10 March 2016. Retrieved 3 June 2011.
  3. 蔡志明：議會罵戰累死香港(sub-section), East Week (Hong Kong)
  4. HO", "JANE. "Hong Kong's 50 Richest 2022". Forbes. Retrieved 7 March 2022.
  5. Chen, Shu-Ching Jean (28 January 2008). "Cover Story: Choi's Toys". Forbes.


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