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William Louey

William Louey

Fourth-generation head of the Kowloon Motor Bus family, philanthropist and scholarship founder

Biography

William Louey is a Hong Kong businessman and philanthropist, the fourth-generation figurehead of the family behind the Kowloon Motor Bus Company and the founder of the William S.D. Louey Educational Foundation. His full name is William Louey Lai Kuen.

Kowloon Motor Bus

The Kowloon Motor Bus Company was founded in 1921 by his grandfather and has grown into one of Hong Kong's principal public transport operators, carrying around 2.8 million passengers a day. Louey was educated in the United Kingdom, where he took a BSc(Econ) and spent five years with an international merchant bank and three years with an international accounting firm. He returned to Hong Kong at the request of his grandmother, Alice Louey, following bereavements in the family.

Responsibility for the family's position passed to him at a young age. Rather than run the business day to day, he chose to appoint professional management and serve as a board director, representative and communicator for the company. According to company filings, he has been a director of The Kowloon Motor Bus Company (1933) Limited since 1993, of Long Win Bus Company since 1997 and of the listed parent, Transport International Holdings, since 1997, where he is a non-executive director and a member of the Standing Committee. He has spoken of the value of outside professionals running the company and of the KMB passenger app, which shows bus arrival times. He is also chairman of Hong Kong Construction (Technology) and a founding member of JNW Properties.

The William S.D. Louey Educational Foundation

In 1995 Louey founded an educational foundation named in memory of his grandfather, William Sui-tak Louey. It funds academically gifted students from disadvantaged backgrounds, mainly from mainland China and Hong Kong, to study at leading British and American schools and universities, including Oxford, Cambridge, Harvard and MIT. The first scholars, from Beijing, were interviewed and selected by Louey in person. The foundation has supported more than 60 scholars and asks only that they help others in turn, a principle it calls "pay it forward". In 2015 former scholars set up a Pay It Forward scholarship under the China Oxford Scholarship Fund.

Louey joined the committee of the China Oxford Scholarship Fund in 1999 and served on the executive committee of the Friends of Cambridge University in Hong Kong from 2003 to 2012. He became a member of the University of Oxford's Vice-Chancellor's Circle in 2011 and received the Elizabeth Wordsworth Fellowship from St Hugh's College, Oxford, in 2013.

Media and public engagement

In recent years Louey has created content on health, longevity and leadership. He presents the YouTube series Growing Young with William Louey and the podcast Reaching Your Peak, and he has contributed opinion pieces to the Forbes Business Council and Entrepreneur.

On Wealth Office

William Louey appeared on Wealth Office in the episode "Why This 4th Generation Hong Kong Heir Chose Purpose Over Power" with Michael Macfarlane. He explained why he stepped back from management to act as a figurehead, and how his grandmother's charitable work shaped him from the age of seven. He spoke candidly about the partly selfish origins of his scholarship programme and how it became a calling, describing how he still interviews around 150 candidates a year and how some former scholars now fund scholarships themselves, a model Macfarlane called regenerative philanthropy. He also discussed ownership measured by ability, freedom for the next generation, value over display, and his view that happiness comes from giving.

On Wealth Office

Why This 4th Generation Hong Kong Heir Chose Purpose Over Power

William Louey, fourth-generation head of Hong Kong's Kowloon Motor Bus family, explains why he stepped back from management and built three decades of self-renewing scholarship philanthropy.

Insights drawing on Louey