Hong kong casino tycoon
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Holds stakes in brokerage firm Haitong Securities, KWG Property Holding. Math major from Chinese University of Hong Kong cofounded developer R&F Properties in China with Chinese billionaire Zhang Li. Has stakes in China Aoyuan Property Group, Singapore billionaire Ng Teng Fong's Sino Land. Another son, Ian, leads marine engineering firm Yau Wing.ĭelisted his Nan Fung Textile 1989 moved into real estate. Son Timothy is Hong Kong legislator and International Olympic Committee member. Considered possible candidate for city's chief executive in 2012 lost race 1996. Relinquished chair of the Trade Development Council, the de facto trade ambassador, a post he held since 2000. Fortune down due to our double counting of family shares last year.Ĭhairs real estate, shipping outfit Wheelock & Co. Chairs the Hong Kong & Shanghai Hotels, which is opening Shanghai Peninsula 2009. Chairs CLP Group, Hong Kong electricity provider investing in renewable energy. Scion of family of Iraqi Jews who settled in Asia decades ago. Art collector dropped $39 million for Paul Gauguin's "Te Poipoi" ("The Morning") in November. Owns stakes in other companies including retailer Lifestyle International. Socialite heads property developer, Chinese Estates Holdings. Opened Grand Lisboa casino 2007, his 17th and biggest yet. Macau's original casino mogul apparently hopes to list part of his Sociedade de Jogos de Macau this year first attempt stalled after squabble with sister Winnie. Upped number of family's bodyguards after headquarters, one of its hotels and 16 of its telecom shops were ransacked. His private Chow Tai Fook Nominee invested in more than 15 recent listings. Transformed tech affiliate New World Cyberbase into hot mining stock, Mongolia Energy. Heads conglomerate New World Development. Criticized for using his clout to get access to numerous prelisted offerings still, investment success has earned him nickname of "Asia's Warren Buffett." Raised $1.4 billion in October share placement to be used for China investments, expected to top $10 billion in 3 years.ĭeveloper made correct predictions last year on rising China stocks, climbing oil prices, weak U.S. Have interest in telecom SmarTone-Īnd in city bus operator, KMB.
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, inherited from late father, now Hong Kong's biggest developer by market value. Sold stake in Indian mobile business for $11 billion in 2007. ThroughĬonglomerate, is world's largest operator of container terminals, world's largest health and beauty retailer. Private companies were valued based on comparisons to prevailing price-to-earnings or price-to-sales ratios.Īdditional reporting by Vivian Wai-yin Kwok, Shu-Ching Jean Chen, Maggie Chen, Matthew Miller and Cristina von Zeppelin.Īsia's richest self-made billionaire. Stock prices and exchange rates were locked in on Jan. The list was compiled using shareholder and financial information obtained from the individuals themselves, the stock exchanges or analysts. Unlike our billionaires list, Hong Kong's top 40 accounts for several extended families, including one of Hong Kong's most celebrated clans of the past 150 years, that of Bank of East Asia Chairman David Li (see story, p. They are among 16 new faces on this list. Pao, and Jim Thompson, founder of Crown Worldwide, a moving company that has expanded into document storage. Recognizing that fact as well as the positive impact many of these entrepreneurs have had on the city, we revised our criteria to include not just citizens but also longtime residents such as Austrian Helmut Sohmen, who married the daughter of late shipping tycoon Y.K. The region's hot property sector boosted the most fortunes.Īs a gateway to Asia, Hong Kong has long attracted overseas entrepreneurs. The total net worth of the group is $179 billion, $59 billion more than mainland China's 40 richest. All but 3 of the people who were on the list last year saw their fortunes rise. Others like Lee Shau Kee, Cheng Yu-tung and Peter Woo are piggybacking on the mainland success by using their clout to get pre-ipo stock in hot Chinese companies. Many of them, including the Kwok brothers, Or Wai Sheun and Vincent Lo, are busy expanding their businesses in China. Today its 40 wealthiest, all of whom are worth at least $1 billion, are poised to help Hong Kong face rising competition from mainland China's own leading cities and businesses. (Previously we had listed the fortunes of Hong Kong and Taiwanese tycoons together this year we are publishing a top 40 list for each.) The former British colony has managed to navigate China's changing business and political landscape so well in part because many of its dwellers emigrated from the mainland in search of a better life during tougher times. This year's inaugural list of Hong Kong's 40 Richest tells a story of immense success and adaptability. Ten years ago skeptics wondered whether Beijing's rule in Hong Kong would diminish its vitality.