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People9 Hong Kong Families On Forbes Asia's Richest Families List 2017

9 Hong Kong Families On Forbes Asia's Richest Families List 2017

9 Hong Kong Families On Forbes Asia's Richest Families List 2017
By Erica Fong
By Erica Fong
November 17, 2017
Forbes' annual list of Asia's 50 richest families was released this week—see which Hong Kong clans made it onto the list. To qualify, all families must be rooted in Asia and have at least three generations involved in building the family fortune.

1/9The Kwok family

Raymond Kwok and Ee Cheong Wee (Photo: Hong Kong Tatler)
Raymond Kwok and Ee Cheong Wee (Photo: Hong Kong Tatler)

Company: Sun Hung Kai & Co

The Kwok family, who run Sun Hung Kai properties, isn't without its share of drama but still managed to come out on top among Hong Kong's richest families on Forbes' Asia's Richest Families List 2017, taking third place out of 50 with a net worth of US$40.4 billion.

See also: Raymond Kwok on the Tatler 500 list

2/9The Lee Shau Kee family

Vickie & Kristine Li (Photo: Hong Kong Tatler)
Vickie & Kristine Li (Photo: Hong Kong Tatler)

Company: Henderson Development 

After co-founding Sun Hung Kai with two partners, patriarch Lee Shau Kee went on to establish Henderson Development 44 years ago, and has no plans to retire yet. The family, which has a net worth of US$29 billion, came in at #6 and includes Lee's grandchildren Vickie Li & Kristine Li, a member of our 2016 Gen.T list. 

3/9The Cheng family

Adrian Cheng (Photo: Courtesy of Adrian Cheng)
Adrian Cheng (Photo: Courtesy of Adrian Cheng)

Company: Chow Tai Fook 

Headed by the late Cheng Yu-tung, the family of Chow Tai Fook fame took the #8 spot in Forbes' list with a net worth of US$22.5 billion. The younger Cheng family members include Adrian Cheng of New World and C Ventures, and Sonia Cheng, who oversees the family company's hospitality arm and Rosewood Hotels. 

See also: How I Travel ft. Sonia Cheng

4/9The Pao family

Cissy Pao-Watari, Peter Woo and Bessie Pao-Woo (Photo: Hong Kong Tatler)
Cissy Pao-Watari, Peter Woo and Bessie Pao-Woo (Photo: Hong Kong Tatler)

Company: BW Group 

Spanning the property, logistics, insurance, trading and finance industries, the Pao family, who's behind big names such as Wharf, Wheelock & Co., BW Group and Cornes & Co., came in at #21 on the list with a net worth of US$13.4 billion. The four daughters of the late shipping tycoon Y.K. Pao feature on our Tatler 500 list.

See also: Tommy Pao On Little Tai Hang

5/9The Kadoorie family

Michael Kadoorie (Photo: Hong Kong Tatler)
Michael Kadoorie (Photo: Hong Kong Tatler)

Company: CLP Holdings Ltd. 

Lighting up Hong Kong (quite literally), the Kadoorie family supplies electricity to 80 percent of Hong Kong and takes 23rd place on the Forbes list of Asia's Richest Families with a net worth of US$11 billion. Tatler 500 lister Michael Kadoorie is also the owner of The Peninsula Hotels; read about his family values here.

6/9The Lee Man Tat family

Lee Man Tat (Photo: Courtesy of Lee Kum Kee)
Lee Man Tat (Photo: Courtesy of Lee Kum Kee)

Industry: Food

Who knew oyster sauce could be so profitable? The family behind Lee Kum Kee, that’s who. Besides sauces and health products, the family have also recently expanded into tourism by acquiring the London skyscraper “Walkie Talkie”—taking the 30th spot in Forbes' list of 50 with a net worth of US$8.4 billion.

Tatler 500 lister David Lee is currently the chairman of the Lee Kum Kee Family Foundation, while his wife Mahnaz Lee is the co-founder and director of the non-profit organisation Women Helping Women HK.

7/9The Law family

Queenie Rosita-Law (Photo: Hong Kong Tatler)
Queenie Rosita-Law (Photo: Hong Kong Tatler)

Company: Bossini Hong Kong

The descendants of Bossini founder Law Ting-pong came in at #31 and now run businesses ranging from hotels to real estate and apparel manufacturing, with a net worth of US$7.8 billion. Granddaughter Queenie Rosita-Law was involved in a high-profile kidnapping and has since emerged stronger than ever.

See also: Queenie Rosita-Law On Turning Trauma Into Triumph

8/9Tung Chee-hwa & Tung Chee-chen

Tung Chee-hwa (Photo: Hong Kong Tatler)
Tung Chee-hwa (Photo: Hong Kong Tatler)

Industry: Shipping

New to the Forbes Asia’s Richest Families List 2017 are brothers Tung Chee-hwa (Hong Kong's first chief executive in 1997) & Tung Chee-chen, who sold their family business Orient Overseas International to Cosco Shipping. Coming in at #49 on the Forbes list with a net worth of US$5.2 billion, both Tung brothers are on our Tatler 500 list.

9/9The Lo Family

Yuk-siu Lo and Poman Lo (Photo: Hong Kong Tatler)
Yuk-siu Lo and Poman Lo (Photo: Hong Kong Tatler)

Company: Shui On Group

The Lo family's riches began in 1963 when the late Lo Ying-shek co-founded Great Eagle Company. Today, the family are involved in various industries including real estate (Shui On Land) and hospitality (Century City International), taking the 50th spot on Forbes' list with a net worth of US$5 billion.

See the full list of Asia's Richest Families 2017 on Forbes.

 

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