Cover Lee Shau Kee (Photo: Getty Images)

The newly released Forbes Hong Kong’s Richest 2020 unveiled that Li Ka-shing is no longer the city’s richest man—Henderson Land Development’s Lee Shau Kee took over the No. 1 spot by a slim lead of US$1 billion in net worth. Here are the top 10 Hong Kong tycoons who made it onto the list

1. Lee Shau Kee

Company: Henderson Land Development
Net worth: US$30 billion

For the first time in 12 years, Lee Shau Kee, age 92, surpassed Lee Ka-shing to hold the No. 1 spot on the list. The billionaire stepped down as chairman of Henderson Land Development last year in May 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.

2. Li Ka-shing

Company: CK Hutchison Holdings
Net worth: US$29.4 billion

Fondly called “superman”, Lee Ka-shing is revered as one of the most influential and respected businessmen in Asia. He also has one of the best rags-to-riches stories of all time. He stepped down as chairman of CK Hutchison Holdings and CK Asset Holdings in May 2018 but remains senior advisor.

See also: 5 Things You Didn’t Know About Hong Kong Tycoon Li Ka-Shing

3. Henry Cheng

Company: Chow Tai Fook and New World Development
Net worth: US$16.9 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 vice chairman of New World Development respectively.

See also: Henry Cheng's New World Development Buys Hong Kong's Iconic State Theatre

Seven other Hong Kong billionaires who made it to the Forbes list:

4. Joseph Lau

Company: Chinese Estates Holdings 
Net worth: US$16.9 billion

See also: Hong Kong Art Collectors: 12 Names You Should Know

5. Lui Che Woo

Company: Galaxy Entertainment Group
Net worth: US$15.4 billion

See also: 10 Powerful Quotes From Hong Kong's Richest People

6. Lee Man Tat

Company: LKK Group
Net worth: US$15.2 billion

See also: 50 Philanthropists In Asia Who Are Changing The World

7. Kwong Siu-hing

Company: Sun Hung Kai Properties
Net worth: US$13.7 billion

See also: Meet Hong Kong's Richest Women Of 2019

8. Peter Woo

Company: Wheelock and Company Limited and The Wharf Holdings Limited
Net worth: US$11.6 billion

See also: 6 Ways Peter Woo Completely Transformed The Murray, Hong Kong

9. Joseph Tsai

Company: Alibaba Group
Net worth: US$11.5 billion

See also: Now You Know: Unusual Hobbies Of Billionaires Around The World

10. Yeung Kin-man and Lam Wai Ying

Company: Biel Crystal Manufactory
Net worth: US$8 billion

See also: The Space Race: 3 Billionaires Who Are Conquering The Cosmos

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