Cecil Chao, chairman of Hong Kong property developer Cheuk Nang Holdings, who has a reputation for being a playboy, speaks during an interview in his house in Hong Kong
'Young and beautiful': Gigi Chao, the daughter of Hong Kong property tycoon Cecil Chao Sze-tsung, poses at the conference room of her office in Hong Kong
But he still seems to be ignoring Gigi's woos with Sean Yeung, offering a 'moderately deluxe lifestyle' to anyone who successfully pursues his daughter.
And the 76-year-old billionaire gave a glimpse of just what he means when by 'moderately deluxe' as he welcomed a reporter from the Financial Times into his Happy Lodge home on the western shore of Hong Kong.
The lavish house has a staggering floorspace of some 16,000 square feet spread out over four luxurious floors.
The living room has a circular glass wall affording incredible views of the bay outside, a grand piano and a pair of pricey modernist sculptures by Angel Botello.
A garish custom-made double chandelier hangs from the ceiling in the centre of the room.
European antique furniture adorns the rooms in contrast to Buddhist ornaments and Chinese lacquerware.
Mr Chao, who was born in relative poverty in Shanghai, ranks a painting of cherry blossoms by Tang Bin as his favourite work of art.
Extravagant: The lavish home which overlooks Sandy Bay features chandeliers and expensive art
The apartment has stunning views out from the island
Despite the offer of his daughter's hand in marriage, Mr Chao, who claimed to have slept with around 10,000 women, is the one who has been inundated with marriage offers.
He is unlikely to accept any of them however, afraid that any potential wife is only after his money.
Gigi is a director of Mr Chao's company Cheuk Nang and also runs a modelling agency.
The pair are both qualified helicopter pilots.
She has long been thought of as a natural heir to her father's extensive business empire, but it is now believed that in the absence of a husband, he will pass the business on to one of his sons instead.
But Mr Chao says it is more the lack of a grandchild that bothers him more than her relationship with Miss Yeung.
He told the Financial Times: 'I would not force her to marry a man, but obviously I would from my point of view, prefer her to be married and to have grandchildren.'
Mr Chao offered up the dowry for his daughter after he was a apprached by a reporter following rumours that his daughter had entered into a civil partnership with Miss Yeung.
The tycoon admitted that he was shocked.
Gigi Chao, right,and her partner Sean Eav, had a church blessing in France earlier this year
He said: 'Gigi is still young and beautiful. She has 70 per cent of her life to go.'
Following the dowry the 76-year-old property magnate seemed to accept 33-year-old Gigi's 'gay tendencies' but made some heavy hints that he wants her to 're-consider her choice'.
‘I'm not saying that she's not okay to be gay,’ he told ABC News 20/20 back in October.
‘I mean it's her own choice and her own tendency, but she should make sure she knows what she wants. Maybe what she wants today is different [than] what she wants in the future.’
Ms Chao married her long-term partner Sean in a church ceremony in Paris last year.
She insisted at the time that she will not be ditching her partner – no matter the quality of man her father’s millions can buy.
‘My heart is taken,’ she said.
Ms Chao added that her father‘s million dollar reward was an act of love and nothing else.
‘I am happy. And he knows I am happy. He just wants me to be more happy.’
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