Top Biz News
Li Ka-shing is HK's richest: Forbes
(Agencies)
Updated: 2010-02-05 11:00
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26, Richard Li
$1.3 billion
Age: 43
Marital Status: Single, 1 child
His telecom, PCCW, dropped its $2.1 billion privatization plan after deal ended up in court. Later issued special one-time cash dividend to shareholders including Li. Formed joint venture with China's Caijing magazine to start news service. Negotiating to buy AIG's asset management business for $500 million. Girlfriend, Isabella Leong, 21, former actress who appeared in The Mummy: Tomb of the Dragon Emperor, gave birth to a boy (Li's first) in April.
27, Alfred Chan & Edward Tan
$1.29 billion
Age: 62/66
Marital Status: NA
Brothers, who spell their last name differently, make debut, thanks to successful December listing of their luxury department store operator, PCD which Alfred (above) chairs. Canadian nationals, Hong Kong residents already had success with luxury fashion retailer Ports 1961, listed since 2003, which also operates stores in China for BMW.
28, Lee heirs
$1.25 billion
Age: NA
Marital Status: NA
Peter Lee, longtime head of largest commercial landlord in Hong Kong's busiest shopping district, Hysan Development, died in October. Cousins Anthony Hsien Pin Lee, Chien Lee, Deanna Ruth Tak Yung Rudgard, with whom he shared fortune, are overseeing transition of business founded by their grandfather Lee Hysan.
29, Hui Sai Fun
$1.2 billion
Age: NA
Marital Status: NA
With family, operates Central Development, owner of valuable Hong Kong properties, including the Central Building.
30, Patrick Wang
$1.15 billion
Age: 59
Marital Status: Married, 4 children
Fortune doubled, thanks to improved outlook for his Johnson Electric, maker of automotive micromotors. Opened factory in Chennai in January. Secured $400 million loan in December to be used to refinance debt. Johnson chief executive; Mother, Yik-Chun Koo Wang, is honorary chairman; 2 brothers, sister sit on board.
