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Hong Kong billionaire takes out full-page adverts to announce split from girlfriend and reveal he’s paid her £200million

Tycoon Joseph Lau is the 65th richest man in the world with a net worth of £10billion

HONG Kong tycoon has taken the bizarre step of placing full page adverts in local media to reveal he has split from his girlfriend.

Billionaire Joseph Lau is the 65th richest man in the world and is worth £10billion.

 Joseph Lau, 65, announced his split from former pageant model Yvonne Lui in a newspaper advert
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Joseph Lau, 65, announced his split from former pageant model Yvonne Lui in a newspaper advertCredit: SCMP
 The front page ad the retail tycoon placed in a local paper
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The front page ad the retail tycoon placed in a local paperCredit: @fion_li/Twitter

But he announced his former lover Yvonne Lui has received £200million from him.

Lau, 65, said in a statement in a front page ad: "Ms Lui has accumulated considerable wealth, and is now a very wealthy woman.”

“She can maintain a luxurious lifestyle by herself without my financial support.”

The retail tycoon met Mrs Lui in 2001 at a Luis Vuitton store in London while she was studying for a chemical engineering degree.

They had children together but never got hitched.

 Yvonne Lui will not get any more than £200million that she has received from him
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Yvonne Lui will not get any more than £200million that she has received from himCredit: SCMP

It is understood the couple split in 2014.

Mr Lau's current girlfriend is his former assistant Kimbie Chan.

Last November the billionaire splashed a record £32million on a Blue Moon diamond.



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