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Hong Kong billionaires
Hong Kong’s billionaire Cheng family puts luxury Rosewood Hotel in London on sale amid debt pressure
Hong Kong’s billionaire Cheng family has put its luxury Rosewood Hotel in London on the market as weakening property prices at home pushed up the relative debt of its property developer New World Development.
Hong Kong's billionaire Cheng family sells Australian energy firm for $4.3B to Singapore's Sembcorp
Mainland China’s billionaire count rises to 321
From prosperity to debt: How New World Development, led by Hong Kong’s billionaire Cheng family, became warning tale of succession
New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt after years under a third-generation heir’s leadership, highlighting the challenges of succession in family empires.
October 9, 2025 | 03:27 pm PT
How Hong Kong property billionaire Hui Sai Fun passed down $5.3B fortune to last 1,750 years
The late Hong Kong property tycoon Hui Sai Fun left behind an estimated HK$42 billion (US$5.35 billion) fortune in a way that would take his descendants, including his only surviving son, 1,750 years to spend.
August 13, 2025 | 12:24 am PT
60-year Deep Water Bay mansion of Hong Kong’s richest billionaire Li Ka Shing at center of false sale claims
Hong Kong billionaire Li Ka Shing’s family home of more than 60 years has recently drawn public attention after his son refuted online rumors falsely claiming the property was up for sale.
August 5, 2025 | 08:31 pm PT
Hong Kong billionaire heir Adrian Cheng resigns from board of family’s embattled property giant New World Development
Adrian Cheng, a third-generation heir to Hong Kong’s third-richest clan, has fully exited the family’s troubled property developer New World Development just months after stepping down as its CEO.
July 1, 2025 | 10:20 pm PT
138 luxury apartments sold at record-low prices within hours at Hong Kong project led by billionaire Cheng family’s New World
The first batch of apartments at the Deep Water Pavilia luxury residential project, built by a New World Development-led consortium in southern Hong Kong Island, sold out within hours at record-low prices.
June 16, 2025 | 02:48 am PT
Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down
The Chengs, with a fortune estimated at US$19.5 billion, are Hong Kong’s third-richest clan and one of its “big four” property families, but they have grappled with succession challenges in recent years.
May 29, 2025 | 03:35 pm PT
5 things to know about Jonathan Kwok, Hong Kong’s youngest billionaire
Jonathan Kwok, Hong Kong’s youngest billionaire, is 33 years old with a net worth of US$2.5 billion and is a scion of one of the city’s wealthiest families.
May 20, 2025 | 03:21 pm PT
Who is Solina Chau, long-time companion and business partner to Hong Kong’s richest billionaire Li Ka-shing?
Solina Chau, Hong Kong’s richest man Li Ka-shing’s longtime companion and business partner, is one of the world’s most powerful women with a net worth of US$2.4 billion.
May 18, 2025 | 07:13 pm PT
Hong Kong’s richest billionaire Li Ka Shing attends concert in rare public appearance
Li Ka-shing, Hong Kong’s richest man, drew attention when he attended a concert by Taiwanese band Mayday last weekend in a rare public appearance.
May 14, 2025 | 09:04 pm PT
Crypto scam falsely linking Hong Kong’s richest billionaire Li Ka Shing sparks police probe
The South China Morning Post has alerted Hong Kong police after a fake online article falsely claimed the city’s richest billionaire, Li Ka Shing, endorsed cryptocurrency auto-trading.
April 23, 2025 | 02:18 am PT
Property developer Henderson Land to organize memorial exhibition for Lee Shau Kee, Hong Kong’s second-richest billionaire
Hong Kong-based property developer Henderson Land Development will host a public exhibition next week to commemorate its late founder Lee Shau Kee, the city’s second-richest man.
April 23, 2025 | 01:58 am PT
Lee Shau Kee’s children spend over $380K on memorial for late Hong Kong’s second-richest billionaire
The two sons and daughter-in-law of Lee Shau Kee, Hong Kong’s second-richest man, spent HK$3 million (US$385,500) to organize a memorial ceremony for the late billionaire, according to local media.
April 1, 2025 | 03:06 pm PT
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