Angela Leong, the fourth wife of Macau’s casino legend Stanley Ho, remains SJM’s largest individual shareholder with around a 12% stake – a handy reputation when you are trying to maintain influence within a company.
That has become increasingly difficult in recent years, mainly thanks to Daisy Ho – the daughter of Stanley Ho’s second wife Lucina Laam – becoming Chairman of SJM Holdings and garnering the support of her full sister Pansy Ho, who now controls SJM’s parent company STDM.
Leong’s ace up the sleeve, aside from her shares, has been her ownership of satellite casinos L’Arc and Jai Alai. The impending closure of Macau’s satellite casinos, as announced by the government in June, threatens that grip, although Leong can at least expect a nice windfall should SJM proceed with plans to buy out L’Arc and operate it as a wholly owned casino.
As of 2025, Leong sits in 37th spot on the Forbes Hong Kong rich list with a personal fortune of US$2.3 billion, meaning that however SJM’s long-running power struggle plays out she won’t have too much to stress about.
