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For the first time in nearly a generation, Li Ka-shing is not the richest man in Hong Kong, according to the newly released list of Hong Kong’s richest tycoons by Forbes Asia. Li’s wealth dropped to US$29.4 billion in 2020 from US$32 billion in 2019, putting him at No. 2.
Henderson Land Development’s Lee Shau-kee has been crowned the city’s richest man after his wealth rose 3 per cent to US$30.4 billion, pipping Li, the founder of conglomerate Cheung Kong Holdings, by US$1 billion.
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