For the first time in nearly a generation, Li Ka-shing is not the richest man in Hong Kong, according to 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.
In a 2013 book, Robert Wang described the intense rivalry between Lee and Li, both of whom vie for the title of Hong Kong’s richest man.
“The difference between No. 1 and No. 2 is huge. The former gets all the attention. When prime ministers and politicians visit, they ask to see him. He also gets to see them when he travels overseas. He gets all the media attention,” Wang said.
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