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Yue-Kong Pao
In this Chinese name, the family name is Pao.
The native form of this personal name is Pao Yue-kong. This article uses Western name order when mentioning individuals.
Sir Yue-Kong PaoCBEJP (Chinese: 包玉剛; pinyin: Bāo Yùgāng; 10 November — 23 September ), was the founder of Hong Kong's Worldwide Shipping Group which in the 20 years from purchasing its first used ship in became by far the largest shipping company in the world with over 20milliontonnes deadweight (DWT).
Anticipating the seriousness of the shipping downturn starting in the late s, he drastically reduced his fleet. He was therefore able to pay off associated debt and raise cash to diversify his interests, notably through the purchase of a controlling stake in The Hongkong and Kowloon Wharf and Godown Company Limited (now known as Wharf (Holdings)) and later Wheelock Marden, giving exposure to Hong Kong real estate, shipping terminals, retail, ferries, and trams.
He was noted for