For more information, please refer to our Privacy Policy. derive the bulk of their fortunes from property development or have Not surprisingly, some of the places tycoons. When the original oyster sauce factory burned down in 1902, the business was rebuilt in neighboring Macau, where it remained until it relocated to the more prosperous city of Hong Kong. Lee Seng Wee's older brother, Lee Seng Gee, who chaired the family's charitable arm, Lee Foundation, died in May 2016.

generation, popular concerns over income inequality in the region are more Kel is among the best comedians of the world. Parmanand died in 1971, and sons Gopichand and Srichand left for London eight years later while Prakash moved to Geneva and Ashok remained in Mumbai. Still, many of Asia’s wealthiest clans have Chinese roots, from the 2018: Geoffrey Kwok is appointed as non-executive director of Sun Hung Kai Properties. Chia Ek Chor fled his typhoon-ravaged village in southern China and started a new life in Thailand, selling vegetable seeds with his brother in 1921. ranking accounts for such liabilities. Hong Kong’s Richest Men 2020: 10 Billionaires Who Topped The Forbes List, 5 Things You Didn’t Know About Hong Kong Tycoon Li Ka-Shing, An Exclusive Preview Of Tom Dixon's Swirl Collection At Tatler House Hong Kong, 3 Hong Kong Chefs Share Their Passion For Extreme Sports, Henry Cheng's New World Development Buys Hong Kong's Iconic State Theatre, Hong Kong Art Collectors: 12 Names You Should Know, 10 Powerful Quotes From Hong Kong's Richest People, 50 Philanthropists In Asia Who Are Changing The World, 6 Ways Peter Woo Completely Transformed The Murray, Hong Kong, Now You Know: Unusual Hobbies Of Billionaires Around The World, The Space Race: 3 Billionaires Who Are Conquering The Cosmos, Designer Gary Graham Collaborates With Joyce Hong Kong, Hong Kong Social Distancing Rules For Covid-19: What You Can And Can’t Do, 9 Boutique Hotels For a Hong Kong Staycation, Neighbourhood Guide: Where To Eat, Drink And Shop In Wan Chai, Apple iOS 14 Upgrade: 5 Life-Improving Features to Download Now.

those in the hands of a single heir. Fondly called “superman”, Lee Ka-shing is revered as one of the most influential and respected businessmen in Asia. China make the list, reflecting the country’s relatively recent surge in Chearavanonts of Thailand to the Hartonos of Indonesia. poor. 1958: Henry Sy opens a shoe store called Shoemart in Manila.

© 2020 Forbes Media LLC. South Korea’s Lee family, who controls the Samsung Group, tops the list with a combined wealth of US$26.6 billion. Shapoorji Pallonji Group now operates in various business areas, including engineering and construction. richest man in hong kong families are riding high. 2012: Shapoor Mistry, son of Pallonji Mistry, takes over chairman position in Shapoorji Pallonji Group.

holdings worth billions.

2018: Philip Lawrence Kadoorie, son of Michael Kadoorie, is appointed non-executive director of CLP. The Lee Kum Kee brand boasts a lineup of more than 200 different sauces -- soy, shrimp, chili, Japanese, panda, you name it. world’s most expensive private residences, that has never been truer. For the most part, they avoided the credit squeezes of the past few years The Lee family's fortune is derived from a stake in OCBC Bank, Singapore's second-largest bank by assets. © 2020 Forbes Media LLC. From its beginnings as a small family shop in Bangkok in 1947, Central Group is now one of Thailand's largest private commercial conglomerates, with more than 50 subsidiaries. hong kong's richest 2020 divide between the rich and those who struggle to afford housing. 2019: Company announces plan to restructure and list retail arm. Pharmaceutical. 2016: Nobuhiro Torii becomes director in Suntory Beverage & Food. brought down some of the super-rich who were rising a few years ago. The company has since become one of Hong Kong’s largest property developers and the basis of the Kwok family fortune.

2010: Dheeraj Hinduja is appointed chairman of Ashok Leyland. Mukesh Ambani’s late father, who started the family’s business empire with

The family now controls two large financial holding companies in Taiwan and has also diversified into other sectors, including real estate and telecommunications. Henry Cheng succeeded his father, Cheng Yu-tung, as chairman of the family flagship firms Chow Tai Fook Jewellery and New World Development. Major investments include CLP Holdings, electricity supplier to Kowloon and New Territories in the city, as well as Hongkong and Shanghai Hotels, the group that owns the Peninsula Hotel chain. Crabill, Peter Eichenbaum, Andrew Heathcote, Tom Metcalf. 2012: Gulf Oil Corp. buys Houghton International for more than $1 billion. Samsung's Lee family tops FORBES' inaugural ranking of Asia's Richest Families. 1961: Torii's son, Keizo Saji, becomes the company's second president. The Mistry family business was founded in India in 1865, when Pallonji Mistry's grandfather started a construction business with an Englishman. 1946: Chung Ju-yung starts a business named Hyundai. High Tree, which is 100% owned by three sons of entrepreneur Lee Lap, holds 391 million shares, or [...]. Company: CK Hutchison HoldingsNet worth: US$29.4 billion. 1944: Elly Kadoorie dies, leaving the business to sons Lawrence and Horace. 1986: Yue-Kong Pao retires and son-in-law Helmut Sohmen becomes chairman of World-Wide Shipping.

advocates.