Li Ka-shing regained the top spot on the Forbes rich list. The low-key rich man's net worth has increased 22 times!

Research Institute

Written by: Lin Ollie Binnedy

2021-02-25 18:00

Last update date: 2021-02-25 18:00

First look at the wealth of the 10 richest people in Hong Kong▼▼▼

The American financial magazine "Forbes" announced the new year's Hong Kong rich list. The founder of the Changhe Department, Li Ka-shing, regained the top spot with US$35.4 billion (approximately HK$274.48 billion). This is 49 more than the founder of Henderson Land and the "Four Uncle" Lee Shau Kee. Billion US dollars (about 38 billion Hong Kong dollars).

However, if calculated by increase, the net worth of Yang Jianwen and Lin Huiying, the co-founders of Bourne Optical Co., Ltd., has soared the most, from US$800 million (about 6.2 billion Hong Kong dollars) last year to US$18.6 billion (about 144.2 billion Hong Kong dollars).

Byrne Optics focuses on the production of protective glass for mobile phones. Its customers include mobile phone manufacturers such as Apple, Samsung, Huawei, and Xiaomi. The factories are mainly located in Shenzhen and Huizhou. The market has reported that the company plans to go public this year.

"Forbes" pointed out that although Li Ka-shing's Cheung Kong Group (1113) fell 27% last year, the share price of Zoom, a US listed company in which Li Ka-shing holds shares, rose, so wealth rose accordingly. Overall wealth increased by 20% to US$35.4 billion.

According to the Bloomberg Rich List, Li Ka-shing made a huge $11 billion on Zoom, accounting for nearly 34% of his net worth.

How strong is Zoom's stock price increase?

Looking at the changes in Zoom's stock price in the past year, the stock price rose by nearly 9 times, and the highest price reached $588.84.

In addition, among the top 50 Hong Kong tycoons, the most are engaged in the real estate industry, including Lee Shau Kee, former chairman of China Land, Liu Luanxiong, and SHKP Guo Kwong Xiaoqing; next there are 9 people who mainly open casinos and engage in e-commerce, including Galaxy Entertainment (0027) Chairman Lu Zhihe And Alibaba Vice Chairman Cai Chongxin.

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01 Research Institute Forbes Forbes Rich List Li Ka-shing Li Shau Kee