Billionaire’s G.M. Rao, Cyrus Poonawalla and Lui Che Woo are all to be honoured at the glittering ceremony, which has previously honoured business people such as Ratan Tata, Shiv Nadar, Adi Godrej and Jiang Jianqing, the chairman of the largest bank in the world, ICBC.
GMR Group run by G.M. Rao, one of India’s largest infrastructure companies, whose projects include the newly transformed Delhi Airport, has seen significant growth in their business over the last ten years. GMR focus on large-scale infrastructure projects ranging from airports to highways and recently railways. Although a billionaire, Mr Rao is also one of India’s biggest philanthropists having donated around £74 million in 2013.
Cyrus Poonawalla is head of the Serum Institute of India, one of the largest producers of paediatric vaccines in the world. According to Forbes, Mr Poonawalla has recently seen his personal wealth increase by $1bn to just over $4bn. His work with vaccines has won personal accolades from the likes of Bill Gates and Prince Charles. His group company also has interests in horse racing in which his family have a deep historical association with.
Hot on the heels of Asia’s richest man Li Ka-Shing is Lui Che Woo, the entrepreneur who has seen his wealth almost double recently to an astonishing $23bn. Dr Lui, 84, is chairman of K Wah group which has interests in property, hotels and Casinos through Macau-based Galaxy Entertainment group. A citizen of Hong Kong, he was honoured with the MBE in 1982 by Her Majesty The Queen and appointed Justice of the Peace (JP) in 1986 for his exemplary contributions to the community.
On confirming the honours, Founder of The Asian Awards Paul Sagoo said, “We all hear of the amazing stories of wealth creation in India and China but seldom get to understand the stories behind the people who create them. Its great to see The Asian Awards honouring such amazing people, not only have they created wealth for their communities they are also focussed on philanthropy and giving back. As we know philanthropy in Asia lags far behind that of the west, which makes honouring such individuals even more important.” Paul continued, “The Asian Awards has always honoured the very wealthiest of Asians not by design but because these people have stood out for reasons other than just being wealthy.”
A host of stars, business leaders and politicians will attend The Asian Awards, hosted by Lord Sebastian Coe, which celebrates the outstanding achievements of individuals born in or with direct family origin from all of Asia across all disciplines of life. The annual event has become one of the largest gatherings of ultra high net-worth people to be staged in the UK.