Client Affairs

Hong Kong’s Rich Just Became Much Richer

Paul Das 17 February 2006

Hong Kong’s Rich Just Became Much Richer

The collective net worth of the 40 richest businessmen in Hong Kong, Macau and Taiwan grew by $36 billion to $126 billion in 2005, according...

The collective net worth of the 40 richest businessmen in Hong Kong, Macau and Taiwan grew by $36 billion to $126 billion in 2005, according to the second annual Forbes Asia of the top 40 richest businessmen in the region. Number one of the list was Li Ka-shing, the chairman of Cheung Kong Holdings, who had a net worth of some $19.7 billion, up by $7 billion from a year earlier. Brothers Raymond, Thomas and Walter Kwok, who control Sun Hung Kai Properties, were in second spot with an estimated net worth of $12.1 billion, followed by Henderson Land chairman Lee Shau-kee with some $11.5 billion. Shun Tak Holdings chairman and Macau casino tycoon Stanley Ho was in fourth spot with an estimated net worth of about $6.5 billion. Taiwan's Hon Hai Group, controlled by Terry Gou, topped the survey’s annual survey in terms of market capitalization of companies controlled by the top 40 wealthiest businessmen in the Greater China region ex-mainland China. It estimated Hon Hai's market cap at some $27 billion. But Mr Gou did not make it to the top 10 richest businessmen in the region.

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