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Li Ka-shing is HK's richest: Forbes
(Agencies)
Updated: 2010-02-05 11:00
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16, Michael & Patrick Wu
$2.13 billion
Age: 72/71
Marital Status: NA
Cousins cashed out at top of market selling family's Wing Lung Bank, which they ran together, to China Merchants Bank for 3 times book value in 2008. Rather than listing them separately as we did last year, Forbes Asia combined their fortunes once again.
17, Stanley Ho
$2.1 billion
Age: 88
Marital Status: Married, 17 children
Fortunes of Macau and its casino king rebounding thanks to new political leadership in gambling mecca and hopes for economic recovery. Net worth also up due to better information on private holdings, particularly those held through his STDM, which bought Mandarin Oriental Hotel in Macau last year, renaming it Grand Lapa; also has real estate in China. Hospitalized briefly late last year, causing speculation about succession.
18, Tang Yiu
$2 billion
Age: 74
Marital Status: Married.
Founder of Belle International, China's largest retailer of women's shoes with about 7,000 stores. Its Hong Kong-traded shares tripled this past year on strong consumer spending. Tang and other executives sold some shares in December. Shares fortune with daughter Tang Ming Wai, group's executive director, to whom he lately transferred more shares.
19, Vincent Lo
$1.95 billion
Age: 61
Marital Status: Married, 2 children
His wealth rebounded thanks to improving fortunes of his property developer Shui On Land, best known for its Shanghai Xintiadi development; has announced plans to find a successor in the next year though says he'll remain chairman. Also heads cement producer Shui On Construction. Took over two hotels in Shanghai in late Dec after partner stopped work. Member of the Chinese People's Political Consulative Conference. Director at Hang Seng Bank. Remarried former Miss Hong Kong 2008; recently bought a plane.
20, Li Sze Lim
$1.9 billion
Age: 51
Marital Status: Married
Stock of Guangzhou R&F Properties, of which he is chairman, jumped along with China's property market. Math major is part-time professor at Sun Yat-Sen and Jinan universities.
