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Hong Kong's Wealthy in 2025: Stock Market Soars Amid Property Challenges

Business and Finance
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  • Hong Kong's 50 richest individuals' net worth reached $301 billion in 2025.
  • Li Ka-shing remained the wealthiest, with his fortune at $37.3 billion.
  • Property tycoons faced challenges, with Henry Cheng's fortune declining.
  • Newcomers Francis Lui and Yang Qiumei joined the list.
  • Alibaba's Joseph Tsai saw substantial gains.
  • Stock market rally lifted wealth, but property issues lingered.
360 summary
  • Henry Cheng's fortune fell by $2.6 billion to $19.5 billion, mainly due to slumping shares of Chow Tai Fook Jewellery Group amid slowing demand in China.
  • His property arm, New World Development, faced its highest annual net loss and was removed from the Hang Seng Index in December.
  • Despite challenges, Henry Cheng remained at No. 3 on the list of Hong Kong's richest individuals.
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  • Francis Lui, the vice chairman turned chairman of Galaxy Entertainment Group, inherited his fortune from his late father, casino mogul Lui Che Woo.
  • Yang Qiumei entered the list after inheriting a stake in SenseTime from her late husband Tang Xiao’ou, the co-founder of the Chinese AI giant.
  • Zhuo Jun made a return to the list by inheriting shares in Shenzhen Kinwong Electronics from her late husband, benefiting from the company's stock surge driven by increased demand.
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  • The list was meticulously compiled using a variety of sources such as individuals, analysts, and government agencies to ensure accuracy and reliability.
  • Net worth calculations were based on stock prices and exchange rates as of a specific date, with real-time updates available on Forbes.com reflecting potential fluctuations.
  • Private companies' valuations were determined through financial ratios and comparisons with publicly traded companies, allowing for a comprehensive representation of wealth.
ForbesForbes
  • The list was compiled using a variety of sources such as individuals, analysts, government agencies, and stock exchanges.
  • Net worths were determined based on stock prices and exchange rates as of February 7, with real-time valuations available on Forbes.com.
  • Private companies' values were estimated using financial ratios and comparisons with publicly traded similar companies.
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