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In Hong Kong's business community, Law's name was once like a shining star. In 1992, at the age of 28, he spent 1 with an astonishing business vision. Acquired Chung King Mansion for HK$400 million.
He then went back with 5. With a net profit of 400 million Hong Kong dollars, he changed hands and became a billionaire. This feat earned him the reputation of "Hong Kong's No. 1 prodigy", as if he had embarked on the pinnacle of a brilliant life.
However, fate is unpredictable. 19 years later, in 2011, the former glamorous business star passed away silently in Dongguan, Guangdong Province, at the age of 47. From dominating the storm to being burdened with a huge debt of 600 million yuan, what kind of ups and downs has this once rich man experienced in his life? Was his success short-lived? And what led to his tragic end? Let's trace this legendary but embarrassing life trajectory and uncover the fog of Luo Zhaohui's rise and fall.
Luo Zhaohui's starting point in life is not glamorous. He was born in a poor family in Hong Kong in 1964, and like many stars of his time such as Andy Lau and Stephen Chow, he experienced the hardships of life in his early years.
At the age of 14, his family's financial pressures forced him to drop out of school and make a living in the bustling Chungking Mansion.
In this building full of opportunities and challenges, Luo Zhaohui has worked as a waiter, doorman and other jobs. This experience not only honed his survival skills, but also cultivated his keen insight and excellent communication skills.
He learned how to survive in a complex environment and gradually showed his talents.
In the 80s, Hong Kong's real estate industry was booming, and Law was keenly aware of the business opportunities. He made a name for himself in the real estate agency industry and quickly made his mark in the industry with his eloquence and interpersonal skills.
Not only did he successfully help the wealthy solve their tough property problems, but he also won the company's sales championship.
However, what really changed Law's fate was his acquaintance with the wealthy Liu Luanxiong. In order to attract Liu Luanxiong's attention, Luo Zhaohui spared no expense to buy expensive watches as a meeting gift.
This move successfully impressed Liu Luanxiong, and the two quickly became close friends. Under the leadership of Liu Luanxiong, Luo Zhaohui's career is booming, he founded the Huangjue Group, and at the age of 27, he pushed his personal wealth to the 1 billion yuan mark.
Luo Zhaohui's rise is legendary, from a worker in Chungking Mansion to a nouveau riche in the business world, his experience interprets the legendary story of "self-made" in that era. However, this is only the beginning of his legendary life, and even greater ups and downs await him.
With the support of Liu Luanxiong, Luo Zhaohui's business talent has been fully developed. His first pot of gold came from a shrewd investment: with the help of Liu Luanxiong, Lo Siu-fai bought 10 shops, and then, through clever operation, made millions of profits in just one transaction.
This success made Lo Siu-fai more determined to follow in the footsteps of Liu Luanxiong and gradually became his right-hand man.
But what really made Mr. Law famous was the astonishing Chungking Mansions deal in 1992. At that time, Chung Wong Mansion had just suffered a fire, and many merchants suffered heavy losses, and the owner of the building, Zheng Yutong, intended to sell.
Although industry insiders avoided it, Liu Luanxiong saw the business opportunities. He gave up the opportunity to Lo and provided support behind the scenes.
Luo Zhaohui with 1. A low price of 400 million Hong Kong dollars took over Chongqing Mansion from Zheng Yutong. After a complete renovation, he was again 6. The high price of 800 million Hong Kong dollars changed hands to a wealthy businessman in the jewelry industry.
This beautiful turnaround not only made huge profits for Luo Zhaohui, but also made him one of the billionaires in one fell swoop, known as "Hong Kong's No. 1 prodigy".
Since then, Law has made a name for himself in the Hong Kong business community. He began to enjoy the luxurious life of a wealthy man, buying a mansion, a famous car, and even a luxury yacht. Every festival, he will invite business celebrities to gather on the yacht, just like a successful person.
Law's rise is not only a reflection of his personal business acumen, but also a reflection of the prosperity of Hong Kong's real estate market at that time. However, wealth came too quickly, and it also laid the groundwork for future upheaval.
With the accumulation of wealth, Law's lifestyle has also changed dramatically. He began to imitate his idol Liu Luanxiong, and also showed his strength in the love scene outside the mall.
Law Siu-fai purchased a luxury yacht, which not only became a place for him to socialize with celebrities in the business world, but also a stage for his romantic encounters with many female stars.
Although he has been married for many years, Luo Zhaohui is still keen to chase the beauties of the entertainment industry. His lace news is endless, the most striking of which is the ambiguous relationship with Li Jiaxin.
It is rumored that it was precisely because Liu Luanxiong had a new love at that time that Luo Zhaohui had the opportunity to get close to Li Jiaxin. What's even more surprising is that even Carina Lau has been photographed with Luo Zhaohui behaving intimately.
However, Luo Zhaohui's most talked-about love history is his relationship with Yuen Yuen, who has just won the Hong Kong sister laurel. With a monthly "sponsorship fee" of up to 500,000 yuan, Luo Zhaohui tried to pocket Anita Yuen.
He spent a lot of money to give brand-name handbags and jewelry, which made the young Yuen Yuyi fall in love with him for a while. However, the relationship lasted only two months before it ended.
Luo Zhaohui is not only romantic, but also often matches the rich and introduces them to beauties in the entertainment industry. His behavior pattern is the same as that of Liu Luanxiong, and luxury cars and mansions have become his common means of pursuing women.
It is said that Luo Zhaohui owns as many as more than a dozen luxury cars, some of which are worth millions of yuan.
Although this drunken life made Luo Zhaohui famous in high society, it also laid hidden dangers for his future decline. He indulged in vanity and pleasure and gradually deviated from the right track of career development.
In 1997, the Asian financial crisis swept through, and Hong Kong's real estate market was hit hard. Many property giants have chosen to stay on the back burner in order to preserve their assets. However, Luo Zhaohui failed to see the situation clearly, and he stubbornly believed that he could be reborn in the face of adversity.
In the face of market turmoil, Liu Luanxiong once painstakingly advised Law Zhaohui to act cautiously. But Luo Zhaohui ignored it. He was blindly confident that with his business acumen, he would be able to save the day.
Driven by this mentality, Luo Zhaohui made a fatal decision: he borrowed 200 million yuan from Zheng Yutong in an attempt to find an opportunity to turn around in the volatile market.
However, this adventure ended in a fiasco. Mr. Lo seems to have forgotten that his past success has relied heavily on Mr. Liu's support. Without this strong backing, he was extremely vulnerable to the storm.
This gamble not only failed to help him make a comeback, but instead made him fall from a billionaire to a "loser" with a huge debt of 600 million yuan overnight.
After suffering such a heavy blow, Luo Zhaohui did not stop there. He tried many times to regain his strength, and even took the risk to go to a Macau casino, in a vain attempt to recover the decline by getting rich overnight.
However, these efforts ended in failure, and instead plunged him deeper into the quagmire.
Law's misguided decisions not only destroyed his fortune, but also caused him to lose credibility in the business world. Once a "business prodigy", now he has become a debtor that everyone avoids.
This series of blows has plunged Luo Zhaohui's life into an unprecedented trough.
With the complete collapse of his career, Luo Zhaohui's life also came to a tragic end. Unable to bear the enormous financial pressure and psychological burden, he once tried to end his life on his luxury yacht.
Fortunately, he was found in time and taken to the hospital for treatment. This incident exposed the fragility and despair of the former "business prodigy".
Despite this, Luo Zhaohui did not give up completely. He tried to make a comeback with his remaining social resources. However, the way he chose it was despicable.
Luo Zhaohui began to reveal the details of his private interactions with various female stars to the media, trying to gain attention. This behavior not only failed to help him return to the business world, but also completely lost his foothold in high society.
What's worse is that when he was desperate, Luo Zhaohui actually got involved in contraband trading. In 2005 and 2007, he was arrested and imprisoned on suspicion of drug trafficking.
This not only completely ruined his social reputation, but also deprived him of his last chance to make a comeback.
In 2011, the debt-ridden and disgraced Lo Siu-fai fled to Dongguan City, Guangdong Province. There he spent the last days of his life. It is said that on the last night of his life, he also had a drink with his friends.
However, the next day, 47-year-old Luo Zhaohui died suddenly, drawing an end to his legendary but tragic life.
It has now been 11 years since Luo Zhaohui's death. And Yuan Yuyi, who was briefly adopted by him, maintained a happy marriage with her husband Zhang Zhilin, showing her love in variety shows.
This stark contrast highlights the ups and downs and tragedies of Luo Zhaohui's life.
Luo Zhaohui's life is like a gorgeous but sad movie, from a poor teenager to a nouveau riche in the business world, to a debt-ridden prisoner, and finally died alone. His story is not only a personal tragedy, but also a microcosm of the get-rich-quick myth of that era.
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