| Wealth
By Pearl Yan
Feb 10, 2020
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 f*ck 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 f*ck 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: HenryCheng'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 WaysPeter WooCompletely 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: 3BillionairesWho Are Conquering The Cosmos
Topics
billionaires hong kong hong kong's richest 2020 forbes richest man in hong kong tycoons
