Hong Kong’s Richest Men 2020: 10 Billionaires Who Topped The Forbes List
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
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.
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.
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.
Seven other Hong Kong billionaires who made it to the Forbes list: