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Li Ka-shing, Lee Shau-kee, and Henry Cheng hold on to top 3 spots in Forbes Hong Kong Richest list
- Of the city’s top 50 billionaires, 20 of them made their fortunes in property, six in the manufacturing sector and four in logistics
- Li, former chairman of CK Hutchison Holdings, remained the city’s richest man with a net worth of US$39 billion, up US$3 billion from 2022
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Elise Makin Beijing
Billionaires Li Ka-shing, Lee Shau-kee, and Henry Cheng are once again the three wealthiest people in Hong Kong, according to Forbes.
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In the Forbes Hong Kong Richest list published on Wednesday that revealed the city’s top 50 billionaires, 20 of them made their fortunes in property, six in the manufacturing sector and four in logistics. The 50 tycoons now have a combined wealth of US$324 billion, down US$4 billion from last year.
The 94-year old Li, former chairman of CK Hutchison Holdings, remained the city’s richest man with a diversified business that gave him a net worth of US$39 billion, up US$3 billion from 2022.
While the property market has been weak, real estate mogul Lee, aged 95, retained second place despite a 11 per cent decline in net worth to US$30.3 billion.
Henry Cheng, the son of the late magnate Cheng Yu-tung, has been in third place since 2020. As demand for gold rings and necklaces rose, his Chow Tai Fook Jewellery Group shares increased nearly 20 per cent to US$28.9 billion, increasing his fortune by US$2.5 billion.
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Inside Sheng Siong supermarket billionaire Lim Hock Leng’s home in Singapore
Inside Sheng Siong supermarket billionaire Lim Hock Leng’s home in Singapore
The five Lee siblings – Charlie, Sammy, Eddy, David and Elizabeth – whose family rose to fortune with the Lee Kum Kee brand, have accumulated a nest egg of US$19.3 billion and secured the fourth spot.
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