Cover Lee Shau Kee (Photo: Getty Images)
Lee Shau Kee (Photo: Getty Images)
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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
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 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
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$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
Above Henry Cheng and Sonia Cheng (Photo: Jensen Hoi/Hong Kong Tatler)
Henry Cheng and Sonia Cheng (Photo: Jensen Hoi/Hong Kong Tatler)
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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
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$16.9 billion
See also: Hong Kong Art Collectors: 12 Names You Should Know
5. Lui Che Woo
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$15.4 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$15.2 billion
See also: 50 Philanthropists In Asia Who Are Changing The World
7. Kwong Siu-hing
Above Raymond Kwok Ping-luen's mother Kwong Siu-hing, attend Seiyu New Identity Launch, pictured at New Town Plaza III, Shatin. 27 April 2008 (Photo by David Wong/South China Morning Post via Getty Images)
Raymond Kwok Ping-luen's mother Kwong Siu-hing, attend Seiyu New Identity Launch, pictured at New Town Plaza III, Shatin. 27 April 2008 (Photo by David Wong/South China Morning Post via Getty Images)
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Company: Sun Hung Kai Properties
Net worth: US$13.7 billion
See also: Meet Hong Kong's Richest Women Of 2019
8. Peter Woo
Above Peter Woo (Photo: Getty Images)
Peter Woo (Photo: Getty Images)
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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
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$11.5 billion
See also: Now You Know: Unusual Hobbies Of Billionaires Around The World
10. 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$8 billion
See also: The Space Race: 3 Billionaires Who Are Conquering The Cosmos
