On February 22, Forbes China released the 2024 Hong Kong Rich List, which shows that the total wealth of the 50 richest tycoons in Hong Kong shrank by 9% from last year to US$296 billion (about 2,129.3 billion yuan).
Among them, Li Ka-shing topped the 2024 Hong Kong Rich List, but Cheung Kong Asset Group's share price** reduced its wealth to US$36.2 billion (about 260 billion yuan).
Forbes China said that last year, Cheung Kong Asset Group has been downgrading its residential projects** to boost demand.
Real estate tycoon Lee Shau Kee is still ranked second on the 2024 Hong Kong rich list, but his net worth has also dropped to US$27 billion (about 194.2 billion yuan). Despite the better performance of Henderson Land's gas utilities and hotel businesses, it is still 30% in a weak market.
The picture shows the top 10 of the 2024 Forbes China Hong Kong Rich List
In third place is real estate and jewelry tycoon Henry Cheng, whose wealth with his family fell by nearly $7 billion to $22.1 billion due to slowing demand in the mainland, the biggest drop in net value this year.
Cheng Kar-chun said in November last year that if there is no suitable talent within the family, he will not rule out looking for ** people from the outside.
Despite this, there are still 12 billionaires on the 2024 Hong Kong Rich List who have overcome difficulties and achieved wealth growth.
Among them, the fortune of shipping tycoon Su Haiwen increased by 7$500 million, amounting to $62500 million US dollars (about 45 billion yuan), ranking 14th on the list.
Notably, there are three new faces on this year's list, one of whom is Zhou Kaixuan, co-founder and operator of Harbour Investments, a Li Ka-shing-backed investment firm known for her early investments in Facebook (now Meta) and Zoom, with a fortune of $2.3 billion.
Another new face is Zhou Shengfu, whose logistics and express delivery company, Cargo Lala, submitted an IPO application on the Hong Kong ** Stock Exchange last year, with a net worth of $1.9 billion.
In addition, the Keswick family, the back of one of Hong Kong's oldest business empires, Jardine Matheson, has also broken into the 2024 Hong Kong Rich List, with a family wealth of 23$500 million.
The only person returning to this year's list is Cao Qifeng, an early investor in Michael Kors who has a combined fortune of $2.6 billion with his family.
The three richest people who fell off the list this year include gambling tycoon Ho Youlong. He has been on the list for a decade, but last year, Ho Youlong's Melco International Development*** was affected by the overall sell-off in the industry. In addition, Tang Xiaoou, a computer scientist who graduated from the Massachusetts Institute of Technology, an artificial intelligence billionaire and co-founder of SenseTime, died of illness in December last year at the age of 55.
Forbes emphasizes that the list is compiled based on information from individuals, analysts, institutions, exchanges, databases, and others. The wealth values of those on the list are calculated based on the share price and exchange rate as of February 2, 2024***, and therefore may differ from the real-time wealth displayed on Forbes**.
Shangguan News).