In March 2011, he was listed by Forbes as Hong Kong’s sixth wealthiest man. Produced in 1941 in Hong Kong, Michael Kadoorie is still situated in Hong Kong along with his wife Lady Betty. Kadoorie has three children and is of Iraqi Jews lineage. He currently serves as the Chairman of CLP Holdings Ltd., a business which was founded in 1890 by his family. Today, the Kadoorie family still owns 35% of the institution’s positions. He’s in addition the Chairman ofThe Hong Kong and Shanghai Hotels, the 2nd biggest listed group of the company which owns and manages the famous Peninsula Hotel Group. He also serves as the director of Metrojet Ltd. Heli services (Hong Kong) Limited.