Cover These are the top ten richest people in Hong Kong 2022 (Photo: Pexels)
These are the top ten richest people in Hong Kong 2022 (Photo: Pexels)
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Forbes has officially announced its annual list of Hong Kong’s richest people for 2022, with Li Ka-shing retaining his top spot for the second consecutive year. Find out who else made the top 10 below
On February 24, 2022, Forbes released its annual list of the 50 richest people in Hong Kong. While Hong Kong’s economy was revived by 6.4 per cent last year with an uptick in exports and domestic consumption, stringent Covid-19 curbs seriously impacted the Hang Seng index, which declined 16 per cent in the past 12 months, according to the report. Such mixed circumstances had brought the combined wealth of the city’s 50 richest dropped slightly from US$331 billion to US$328 million, Forbes added.
This year, more than half of the listees saw an overall increase in their wealth. For the second consecutive year, Li Ka-shing tops the list with a value of US$36 million (approximately HK$280 million). Following him closely at second is Lee Shau-kee, founder of property development giant Henderson Land.
Read on to find out who else entered the top 10 on the list of Hong Kong’s richest. The full list can be viewed on Forbes here.
Read more: How Hong Kong’s Most Influential Are Helping in the Fight Against Covid-19
1. Li Ka-shing
Above Li Ka-shing
Li Ka-shing
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Company: CK Hutchison Holdings
Net worth: US$36 billion
Retaining his title as the city's richest man for the second consecutive year, Li Ka-shing, also known as “superman” is worth US$36 billion. Although he stepped down as chairman of CK Hutchison Holdings and CK Asset Holdings in May 2018, he still remains a senior advisor and is revered as one of the most influential and respected businessmen in Asia.
2. Lee Shau Kee
Above Photo: Getty Images
Photo: Getty Images
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Company: Henderson Land Development
Net worth: US$34.2 billion
The 94-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 Henry Cheng
Henry Cheng
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Company: Chow Tai Fook and New World Development
Net worth: US$26.4 billion
Henry Cheng inherited his father, Cheng Yu-tung's title as chairman of the family flagship firms Chow Tai Fook Jewellery and New World Development in 2012. 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.
Read more: Adrian Cheng and Prenetics Donate 200k Free Antigen Testing Kits to Hong Kong’s Underprivileged
4. Lee sibilings of late Lee Man-tat, former chairman of Lee Kum Lee Group
Above Lee Man-tat (Photo: Getty Images)
Lee Man-tat (Photo: Getty Images)
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Company: Lee Kum Kee Group
Net worth: US$18.9 billion
The five Lee siblings—Charlie, Samm, Eddy, David and Elizabeth—are children to the late Lee Man Tat, the former chairman of Lee Kum Kee Group who died in 2021 at age 91.
5. Peter Woo
Above Peter Woo
Peter Woo
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Company: Wheelock and Company Limited and Wharf Holdings Limited
Net worth: US$18.7 billion
Peter Woo was the chairman of property developer Wheelock & Co. and its main subsidiary, Wharf Holdings, before stepping down in 2015. Some of the notable group’s holdings include Times Square, Marco Polo Hotels, i-Cable Communications, Wharf New T&T and the Lane Crawford department stores.
6. Joseph Lau
Above Photo: Joseph Lau Luen-hung (Photo by May Tse/South China Morning Post via Getty Images)
Photo: 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$13.7 billion
Joseph Lau is the former chairman of property developer Chinese Estates. He's also an avid art collector whose wealth also includes pieces from Warhol, Gauguin and Hockney that are worth at least US$1 billion.
7. 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$13.2 billion
Kwong Siu-hing is the widow of Sun Hung Kai Properties co-founder Kwok Tak-seng, who died in 1990. She served as the company’s chairman from 2008 until 2011 and remains the biggest shareholder.
8. Lui Che-woo
Above Lui Che-woo
Lui Che-woo
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Company: Galaxy Entertainment Group
Net worth: US$12.8 billion
Lui Che-woo is the founder, chairman and managing director of the K Wah Group, and chairman of Galaxy Entertainment Group.
9. Joseph Tsai
Above Joseph Tsai (Photo: Edward Wong/South China Morning Post via Getty Images)
Joseph Tsai (Photo: Edward Wong/South China Morning Post via Getty Images)
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Company: Alibaba Group
Net worth: US$9.1 billion
Joseph Tsai is the co-founder and executive vice-chairman of the Alibaba Group, and ranks as its second-largest individual shareholder after chairman Jack Ma.
10. Yeung Kin-man and Lam Wai-ying
Above Yeung Kin-man (Photo by Edmond So/South China Morning Post/Getty Image)
Yeung Kin-man (Photo by Edmond So/South China Morning Post/Getty Image)
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Company: Biel Crystal Manufactory
Net worth: US$8.9 billion
Yeung Kin-man is the founder, president and chief technology officer of Biel Crystal.
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As the Digital Editor of Tatler Hong Kong, Helen Yu covers all things lifestyle including beauty, dining, arts and culture. When not exploring some of the city’s best new places to eat and drink, Helen is likely reading books and trying out the latest beauty trends. She also enjoys watching movies, buying too many earrings and she'll never turn down a drink, or two.
