How Hong Kong's Richest Billionaires Made Their Money

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Күн бұрын

Buoyed by an uptick in tourism and consumption, Hong Kong’s economy grew an estimated 3.2% in 2023. Even so the post-pandemic recovery has been slower than expected amid a stagnant property sector and sluggish exports. With an IPO drought, the benchmark Hang Seng index declined 28% since we last measured fortunes a year ago. The collective net worth of Hong Kong’s 50 richest tycoons contracted by 9% to $296 billion.
Overall, 30 list members saw their fortunes fall, including Li Ka-shing, who retained the prime spot even as his net worth declined to $36.2 billion. Shares of Li’s property developer CK Asset Holdings, which has been reducing prices of its residential projects to boost demand, were down by a third from last year.
The list was compiled using information from individuals, analysts, government agencies, stock exchanges, databases and other sources. Net worths were based on stock prices and exchange rates as of the close of markets on Feb. 2 and real-time net worths on Forbes.com may reflect different valuations. The ranking lists both individual and family fortunes, including those shared among relatives. Private companies were valued by using financial ratios and other comparisons with similar companies that are publicly traded. The list can also include foreign citizens with business, residential or other ties to the city, or citizens who don’t reside in the city but have significant business or other ties to the city. The editors reserve the right to amend any information or remove any listees in light of new information.
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Пікірлер: 72

@puccinishau8360 Ай бұрын

Li Ka-shing is a great philanthropist who donated US$13 billion to charitable foundations in 2006❤

@recursion. 2 ай бұрын

1. Lee ka shing 2. Lee shau kee 3. Henry Cheng 4. The Lee siblings 5. Peter woo

@xxyanlixx 2 ай бұрын

LIIIIIIIIIIIIIIIIIIIII Ka Shing, not Lee.

@F41N7- 2 ай бұрын

Makes sense that the richest dude is named Ka-Shing!

@davecarbonell49 2 ай бұрын

that must have been where it came from

@JoeHan268 2 ай бұрын

Sound like a couple of family members own basically the whole island. Gotta love them British colonies.

@randomcon123 2 ай бұрын

Li Ka Shing is often revered for his ruthless business acumen as well as his foresights… he divested from China long before the rest of the world decoupled from china

@sutats 2 ай бұрын

These are modern day dynasties.

@livelovelaugh2130 2 ай бұрын

This is what happens when the Chinse culture is not destroyed by totalitarian oppression.

@filonin2 2 ай бұрын

Long hours of hard work and dedication... LMAO!

@GuillermoEspino-zs6nw Ай бұрын

Congratulations Sir Li Ka-Shing Victor Li Richard Li All The Best, Success, Prosperity & Good Health. Good Synergy Commerce & Energy International Inc. Ltd. Philippines Based Guillermo Espino Gil Founder and CEO Glenn Espino President Gary Espino CFO & Chief Corporate Treasurer Jodie Espino COO

@vincentnnyc 2 ай бұрын

How HK rich made their money…born into a wealthy family…buy up all the properties and assets in HK

@minnielee3399 2 ай бұрын

FYI Li Ka-Shing wasn't born into a rich family. He was from Chiu Chow and came to HK.

@AnExplorer1000 2 ай бұрын

It's interesting that the elders have Chinese names, whereas the youngsters have English names.

@kwameowusu-apenteng1303 2 ай бұрын

Interestingly, the elders christened their children. With European names.

@ilovenoobs1 2 ай бұрын

Hong Kong was a colony of the British empire lol so makes sense.

@Dreamer10888 2 ай бұрын

Invaded

@filonin2 2 ай бұрын

@@Dreamer10888 Like all those people invading America.

@rogerc23 2 ай бұрын

No they have bad intentions. British vastly improved HK @@filonin2

@PatrickLloyd-vj4tj 2 ай бұрын

Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my retirement funds to lose value. Where else could we put our cash?

@Nicoleflores-ld1uf 2 ай бұрын

The market has gone berserk! irrespective of experience level, everyone needs a sort of coach at some point to thrive forward.

@acuantjahyadi7393 2 ай бұрын

Pergi kerumah judi

@xxyanlixx 2 ай бұрын

Crypto and tech stocks.

@JoshThompson671 2 ай бұрын

Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

@RonaldRomero-pr3zu 2 ай бұрын

Please who's this advisor that guides you?

@LiveInnerCity 2 ай бұрын

It's fascinating to see how the fortunes of Hong Kong's top billionaires have shifted over the past year.

@Veersamthaan87 2 ай бұрын

Love From Hazaribagh 😊

@albundy3696 2 ай бұрын

how they would of course they were middle man between west and mainland China buying from one selling to other one which west and China was not in direct business they are get rich Between like Singapore Doing Business between West and China .

@SamuelClemente7718 2 ай бұрын

How much is it to go to college in Hong Kong ?. (PUBLIC)

@cosmogally1964 2 ай бұрын

all of the good unis in hk r public. If ur local its 42k HKD (5.3k USD) If ur non local its 182k HKD (23.2k USD) (not including cost of living (i.e. dorms) or possible scholarships)

@SamuelClemente7718 2 ай бұрын

@cosmogally1964 thanks. I visited HK in 03"

@lemontadams3029 2 ай бұрын

Jacob Rothschild's net worth was estimated to be around $5 trillion in 2023 as per Forbes, positioning him as the world's unofficial wealthiest individual

@ethelarbon6628 2 ай бұрын

hello Daddy Brethren and Family Whatever happen you know. I could be the one to handle this wealth ❤+

@josewright92 2 ай бұрын

Cool 😎

@SalmanovGadzhimurad-pj9qq 2 ай бұрын

Втнмную использовали тебя этотпонятно

@proudantiguan6897 2 ай бұрын

I hope I make it selling mint jelly

@MCorpReview 2 ай бұрын

Someone listed Peter woo as a Singapore billionaire😂 in my old job

@user-gi9ft8lb5y 2 ай бұрын

Why would anyone who could make a good living stay. I moved out in1993 because I caw what was coming. I have a sister and brother their and they are carpenters and they work small jobs for very rich people or they barter so they can avoid the draconian taxes. What do the politicians think is going to happen when the only residents are making $30,000 a year with 2 kids and paying little or no taxes. Then all of their programs to give away money will have no money to give. I heard the state just passed a law to tax people who move out of the state on their past earnings and wealth. WHAT!

@MorganGarner-bk 2 ай бұрын

We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?

@Brennanoliver775 2 ай бұрын

For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary expertise to pull off such trades effectively carry them out.

@LenaSchweizer-ff8xy 2 ай бұрын

It comes down to technique; a downtrend gives you room to focus on the market and grow significantly in the short or long term. While it is easier to make money when the market is rising, a downtrend can still yield high returns if you have the necessary knowledge and skills. For this reason, I have been scaling up during this difficult period by working with an investment advisor; this has been the only way I have raised up to $150K in the last six months.

@AaronZak-js 2 ай бұрын

Smart, If i wanted to do the same with my retirement funds too, how do i get started trading?

@LenaSchweizer-ff8xy 2 ай бұрын

One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.

@minnielee3399 2 ай бұрын

Never heard of her. I know Michael Jordan.🏀@@LenaSchweizer-ff8xy