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Wealth Hong Kong’s Richest Men 2020: 10 Billionaires Who Topped The Forbes List

Hong Kong’s Richest Men 2020: 10 Billionaires Who Topped The Forbes List

HONG KONG, CHINA - 2019/05/28: Lee Shau-kee seen at a press conference addressing his retirement. Hong Kong's second richest man and real estate tycoon Lee Shau-kee announces his retirement as chairman of his real estate empire Henderson Land Development, after an annual shareholders' meeting. The 90 years old's wealth is estimated at US$31.5 billion by Forbes. Lee plans to have his two sons, Peter Lee Ka-kit and Martin Lee Ka-shing, take over his chairmanship. They both currently serve as vice-chairmen of
Lee Shau Kee (Photo: Getty Images)
By Pearl Yan
February 10, 2020
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

1/10 Lee Shau Kee

Chairman lee Shau-kee attends Henderson Land AGM at the Four Seasons Hotel in Central. 02JUN16 SCMP/ Bruce Yan
Lee Shau Kee (Photo: Getty Images)

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.

2/10 Li Ka-shing

HONG KONG, HONG KONG - MARCH 16:  Li Ka-shing, chairman of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd., attends a news conference to announce the 2017 Annual Results on March 16, 2018 in Hong Kong, Hong Kong. Li Ka-shing, 90, announced his retirement from his companies today.  (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)

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

3/10 Henry Cheng

Henry Cheng and Sonia Cheng (Photo: Jensen Hoi/Hong Kong Tatler)
Henry Cheng and Sonia Cheng (Photo: Jensen Hoi/Hong Kong Tatler)

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:

4/10 Joseph Lau

Joseph Lau Luen-hung (Left), Chairman, CEO and Executive Director of Chinese Estates Holdings Limited and Lau Ming-wai (middle), Executive Director of Chinese Estates Holdings Limited attend Chinese Estates Holdings interim results announcement at Conrad Hotel, Admiralty. 03 August 2007 (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)

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

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

5/10 Lui Che Woo

MACAU, CHINA - MAY 14: Dr Che-woo Lui attends an interview at the Banyan Tree hotel two days before the Galaxy Macau Grand Opening on Saturday May 14, 2011. (Photo by studioEAST/Getty Images)
Dr Che-woo Lui (Photo by studioEAST/Getty Images)

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

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

6/10 Lee Man Tat

Charlie Lee Wai-chung, chairman of Lee Kum Kee sauces, poses for a picture at Chinese Culinary Institute in Pok Fu Lam. 28SEP16 SCMP / Jonathan Wong (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)

Company: LKK Group
Net worth: US$15.2 billion

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

7/10 Kwong Siu-hing

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)

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

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

8/10 Peter Woo

Wharf (Holdings) Limited Chairman, Peter Woo Kwong-ching meets the media at the Wheelock House in Central. 28JUN17 SCMP / Xiaomei Chen (Photo by Xiaomei Chen/South China Morning Post via Getty Images)
Peter Woo (Photo: Getty Images)

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

9/10 Joseph Tsai

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)

Company: Alibaba Group
Net worth: US$11.5 billion

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

10/10 Yeung Kin-man and Lam Wai Ying

Chief Executive Leung Chun-ying (centre) officiates at the presentation ceremony of Young Industrialist Awards of Hong Kong and Industrialist of the Year Award 2016 organised by Federation of Hong Kong Industries in Wan Chai. Winner of Young Industrialist Awards of Hong Kong Simon Yeung Pui-sang (back row left 1), Executive Director and President of Comba Telecom Systems International Limited; Winner of Industrialist of the Year Award Yeung Kin-man (front row left 1), chief executive of Biel Crystal Manufac
Yeung Kin-man (front row left 1) (Photo: Getty Images)

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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Wealth billionaires hong kong hong kong's richest 2020 forbes richest man in hong kong tycoons

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