Cover We reveal Hong Kong's 10 richest men for 2021. (Photo: Unsplash)
We reveal Hong Kong's 10 richest men for 2021. (Photo: Unsplash)
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The newly released Hong Kong’s Richest 2021 by Forbes has unveiled that Li Ka-shing has reclaimed his title of the city’s richest man—see who else made the top 10 below:
On February 24, 2021, Forbes released its annual rich list for the city, detailing the who's who of the city's billionaires. With the world a year into the Covid-19 pandemic, although the total wealth of Hong Kong's richest rose overall, the report reveals that more than half of the 27 listees saw their fortunes decline this year––mainly down to much of Hong Kong's wealth being concentrated in real estate, a sector that has been hard hit by the pandemic.
Another direct result of Covid-19 sees Li Ka-shing reclaim his prime position as the city’s richest this year, after a year at number two in 2020, with a 20% jump in his fortune to $35.4 billion, thanks to his stake in Zoom. Read on to discover who else currently sits in the top 10 richest in Hong Kong.
See also: Now You Know: Unusual Hobbies Of Billionaires Around The World
1. Li Ka-shing
Above Li Ka-shing (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images)
Li Ka-shing (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images)
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Company: CK Hutchison Holdings
Net worth: US$35.4 billion
Reclaiming his title as the city's richest man after a year at number two, Li Ka-shing, also know as “superman” is worth US$35.4 billion. Revered as one of the most influential and respected businessmen in Asia, although he stepped down as chairman of CK Hutchison Holdings and CK Asset Holdings in May 2018, he still remains senior advisor.
See also: 5 Things You Didn’t Know About Hong Kong Tycoon Li Ka-Shing
2. Lee Shau Kee
Above Lee Shau Kee (Photo: Getty Images)
Lee Shau Kee (Photo: Getty Images)
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Company: Henderson Land Development
Net worth: US$30.5 billion
Though his wealth increased by 500 million since 2020, Lee Shau Kee has been toppled off the top spot for 2021. The 93 year old billionaire stepped down as chairman of Henderson Land Development in May 2019 and was replaced by his two sons, Peter Lee Ka-kit and Martin Lee Ka-shing, who took over as joint chairman and managing directors.
3. Henry Cheng and family
Above Adrian Cheng, CEO of New World Development and Founder of K11 Group (Photo: Olivier Yoan for Tatler Hong Kong)
Adrian Cheng, CEO of New World Development and Founder of K11 Group (Photo: Olivier Yoan for Tatler Hong Kong)
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Company: Chow Tai Fook and New World Development
Net worth: US$22.1 billion
Henry Cheng succeeded his father, Cheng Yu-tung, as chairman of the family flagship firms Chow Tai Fook Jewellery and New World Development. His Harvard-educated children, Sonia and Adrian are the CEO of Rosewood Hotel Group and CEO and executive vice chairman of New World Development respectively.
See also: Henry Cheng's New World Development Buys Hong Kong's Iconic State Theatre
4. Yeung Kin-man and Lam Wai Ying
Above Yeung Kin-man (front row left 1) (Photo: Getty Images)
Yeung Kin-man (front row left 1) (Photo: Getty Images)
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Company: Biel Crystal Manufactory
Net worth: US$18.6 billion
5. Lui Che Woo and family
Above Dr Che-woo Lui (Photo by studioEAST/Getty Images)
Dr Che-woo Lui (Photo by studioEAST/Getty Images)
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Company: Galaxy Entertainment Group
Net worth: US$17.8 billion
See also: 10 Powerful Quotes From Hong Kong's Richest People
6. Lee Man Tat
Above Charlie Lee Wai-chung, the eldest son of Lee Man Tat and chairman of Lee Kum Kee sauces (Photo by Jonathan Wong/South China Morning Post via Getty Images)
Charlie Lee Wai-chung, the eldest son of Lee Man Tat and chairman of Lee Kum Kee sauces (Photo by Jonathan Wong/South China Morning Post via Getty Images)
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Company: LKK Group
Net worth: US$17.4 billion
See also: 50 Philanthropists In Asia Who Are Changing The World
7. Peter Woo
Above Peter Woo (Photo: Getty Images)
Peter Woo (Photo: Getty Images)
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Company: Wheelock and Company Limited and Wharf Holdings Limited
Net worth: US$17 billion
See also: 6 Ways Peter Woo Completely Transformed The Murray, Hong Kong
8. Joseph Lau
Above Joseph Lau Luen-hung (Photo by May Tse/South China Morning Post via Getty Images)
Joseph Lau Luen-hung (Photo by May Tse/South China Morning Post via Getty Images)
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Company: Chinese Estates Holdings
Net worth: US$13.5 billion
See also: Hong Kong Art Collectors: 12 Names You Should Know
9. Kwong Siu-hing
Above Kwong Siu-hing (Photo by David Wong/South China Morning Post via Getty Images)
Kwong Siu-hing (Photo by David Wong/South China Morning Post via Getty Images)
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Company: Sun Hung Kai Properties
Net worth: US$13.4 billion
See also: Meet Hong Kong's Richest Women Of 2019
10. Joseph Tsai
Above Alibaba Group executive vice chairman Joseph Tsai briefs the media at the launching ceremony of Alibaba Entrepreneurs Fund - HK Entrepreneurs Fund at Island Shangri-La Hotel, Admiralty. 19NOV15 (Photo by Edward Wong/South China Morning Post via Getty Images)
Alibaba Group executive vice chairman Joseph Tsai briefs the media at the launching ceremony of Alibaba Entrepreneurs Fund - HK Entrepreneurs Fund at Island Shangri-La Hotel, Admiralty. 19NOV15 (Photo by Edward Wong/South China Morning Post via Getty Images)
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Company: Alibaba Group
Net worth: US$12.5 billion
See also: Joseph Tsai: From Alibaba Billionaire To Sports Investor
A born and bred Brit, when not exploring new countries, Annie can be found eating her way around the city, or cooking up a storm in her tiny kitchen with her rescue pup Twiggy by her side. Follow her on Instagram @anniesimpson28.
