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Li Ka-shing is HK's richest: Forbes
(Agencies)
Updated: 2010-02-05 11:00
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6, Michael Kadoorie
$5 billion
Age: 68
Marital Status: Married, 3 children
Power generator CLP is still core of Kadoorie's wealth, but Hongkong & Shanghai Hotels generated some of best returns last year. Opened the Peninsula in Shanghai, the city where family got its start. Took control of the Peninsula in Chicago.
7, Peter Woo
$4.2 billion
Age: 64
Marital Status: Married
Wheelock, whose main subsidiary, the Wharf (portfolio includes Hong Kong's Times Square, Harbour City), rebounded along with real estate sector. Group is close to finishing one of Shanghai's tallest structures in prestigious Jing'an district. Its I-Cable is bidding for free-to-air broadcast license, city's third.
8, Chen Din Hwa
$3.2 billion
Age: 87
Marital Status: NA
His Nan Fung Group first made money in textiles; it is now a property developer, with interests also in shipping. Partnering with HSBC to invest in property in China; the 2 recently formed venture with UK's Tesco to invest in malls. Chen owns minority stake in Sino Land.
9, William Fung
$3 billion
Age: 60
Marital Status: Married, 1 child
Outsourcing giant Li & Fung, founded by his grandfather, just signed an agreement to act as a buying agent for Walmart. Last year picked up Liz Clairborne's sourcing operations in Asia, became exclusive sourcing agent for Talbots; bought children's apparel maker Wear Me, footwear supplier Shubiz. William, who was named to Singapore Airlines board in January, is managing director; brother Victor, a US citizen, is chairman. Possible successor: Victor's son Spencer, an executive director. Brothers own stakes in newly public luxury menswear retailer Trinity.
10, Victor Fung
$2.9 billion
Age: 63
Marital Status: Married, 2 children
Outsourcing giant Li & Fung, founded by his grandfather, just signed an agreement to act as a buying agent for Walmart. Last year picked up Liz Clairborne's sourcing operations in Asia, became exclusive sourcing agent for Talbots; bought children's apparel maker Wear Me, footwear supplier Shubiz. Victor, a US citizen, is chairman. Brother William is managing director Possible successor: Victor's son Spencer, an executive director. Brothers own stakes in newly public luxury menswear retailer Trinity.
