Homepage
PR Newswire
18-01-2018, 02:14 PM
Li Ka-shing keeps lion’s share as fortunes of Hong Kong’s 50 wealthiest tycoons rise by US$60 billion
The 50 richest people in Hong Kong saw their combined wealth rise by 24 per cent to US$307 billion in 2017, according to the Forbes Asia 50 Rich List
Enoch Yiu
PUBLISHED : Thursday, 18 January, 2018, 12:11pm
UPDATED : Thursday, 18 January, 2018, 1:07pm
Billionaire Li Ka-shing retained his crown as the richest man in Hong Kong last year, even as Lee Shau-kee narrowed the gap by becoming one of the top wealth gainers for the year, according to the Forbes Asia 50 Rich List announced on Thursday.
The 50 individuals on the list saw their combined wealth rise by 24 per cent in 2017 to US$307 billion, up US$60 billion during the year, reflecting the biggest one-year wealth change ever recorded on the Forbes Asia 50 Rich List. The combined wealth figure nearly matches the size of Hong Kong’s economy, with annual GDP totalling US$319.7 billion in 2016.
The gains were driven by the melt up rally in the stock market, as the Hang Seng Index rocketed 36 per cent last year, to rank as the world’s best performing major market, while the local property market also rose to a record.
The rankings reflect the 20th consecutive year Li Ka-shing, 89, has topped the tables as Hong Kong’s richest man. His personal wealth increased by US$5.7 billion for the year, raising his personal fortune to more than US$36 billion.
More details in http://www.scmp.com/business/companies/a...-uber-rich
The 50 richest people in Hong Kong saw their combined wealth rise by 24 per cent to US$307 billion in 2017, according to the Forbes Asia 50 Rich List
Enoch Yiu
PUBLISHED : Thursday, 18 January, 2018, 12:11pm
UPDATED : Thursday, 18 January, 2018, 1:07pm
Billionaire Li Ka-shing retained his crown as the richest man in Hong Kong last year, even as Lee Shau-kee narrowed the gap by becoming one of the top wealth gainers for the year, according to the Forbes Asia 50 Rich List announced on Thursday.
The 50 individuals on the list saw their combined wealth rise by 24 per cent in 2017 to US$307 billion, up US$60 billion during the year, reflecting the biggest one-year wealth change ever recorded on the Forbes Asia 50 Rich List. The combined wealth figure nearly matches the size of Hong Kong’s economy, with annual GDP totalling US$319.7 billion in 2016.
The gains were driven by the melt up rally in the stock market, as the Hang Seng Index rocketed 36 per cent last year, to rank as the world’s best performing major market, while the local property market also rose to a record.
The rankings reflect the 20th consecutive year Li Ka-shing, 89, has topped the tables as Hong Kong’s richest man. His personal wealth increased by US$5.7 billion for the year, raising his personal fortune to more than US$36 billion.
More details in http://www.scmp.com/business/companies/a...-uber-rich
Specuvestor: Asset - Business - Structure.