Mr Chao told The Financial Times in January 2013 that “anyone who comes along to pursue Gigi, we will give them a moderately deluxe life.”

£40m for man who woos mogul's lesbian daughter

It has been reported that Mr Chao had intended to pass control of his business empire over to his daughter, but would consider handing it over to his two other sons if she does not marry.

Now, the 77-year-old has reportedly told the Malaysian newspaperNanyang Siang Pau that he would consider doubling the money offered to HK $1billion after his first offer attracted 20,000 unsuccessful responses.

Gigi Chao, right, with her partner Sean EveHe also insists it is "not too late" to change his daughter's mind on her sexuality, and is quoted as saying: “I don’t want to interfere with my daughter’s private life. I only hope for her to have a good marriage and children as well as inherit my business.” Read on at source:

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