• Thu
  • Aug 28, 2014
  • Updated: 4:49pm
BusinessMoney
WEALTH

Secretive 24-year-old Hong Kong woman named world's youngest billionaire

Microsoft founder Bill Gates (pictured) tops Forbes annual rating as Hongkonger becomes youngest on rich list with US$1.3 billion fortune

PUBLISHED : Wednesday, 05 March, 2014, 1:38am
UPDATED : Saturday, 29 March, 2014, 1:10pm

Twenty-four-year-old Hongkonger Perenna Kei Hoi-ting, also known as Ji Peili, has been named the world's youngest billionaire in the annual ranking of billionaires by Forbes magazine.

Mainland China supplied the second-highest number of billionaires on the list, not including 45 from Hong Kong, while the US had the most.

Topping the line-up of the super-rich for the first time in four years is Microsoft founder Bill Gates.

With an estimated net worth of US$1.3 billion, Kei holds 85 per cent of Logan Property, which listed on the Hong Kong stock exchange in December last year.

Her father, Ji Haipeng, is the chairman and chief executive.

Kei displaced Facebook co-founder Dustin Moskovitz as the youngest billionaire. Forbes said Kei holds a bachelor's degree in economics and finance from the University of London, but little else is known about her and no photographs have been issued.

Kei is one of 42 new female billionaires. There are a record 172 women on the list. Wal-Mart heiress Christy Walton is the richest woman in the world at No 9.

Gates, despite giving away much of his wealth through the Bill and Melinda Gates Foundation, found himself at the top again after a surge in Microsoft shares and is now estimated to be worth US$76 billion.

Mexico's Carlos Slim was second with US$72 billion, followed by Inditex owner Amancio Ortega with US$64 billion.

Li Ka-shing, with a fortune of US$31 billion, held on to his title as Asia's richest man although he fell 12 places to 20th. Lui Che-woo followed him in 28th place with US$22 billion and Lee Shau-kee in 35th place with US$19.6 billion.

Further down the list at 64, was real estate developer Wang Jianlin, the mainland's richest man with US$15.1 billion.

He was followed by Pony Ma Huateng, founder of Tencent, in 80th place and Baidu's Robin Li Yanhong, placed 91st with US$12.1 billion.

Lawrence Ho Yau-lung, son of casino magnate Stanley Ho Hung-sun, made his debut, thanks to a rise in the share price of casino operator Melco International.

WhatsApp cofounders Jan Koum, with US$6.8 billion, and Brian Acton, US$3 billion, who sold their firm to Facebook for US$19 billion last month, made the list for the first time.

Share

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

6

This article is now closed to comments

kittychan1978
Another bullS**t heading to attract clicks. Really you call this newsworthy?
lucifer
Its too easy to refer to somebody as a Hong Kogner these days. She is Mainland Chinese who somehow obtained a Hong Kong ID. Now that HK is part of China, it's going to more difficult for such to shake your mainland roots and it should be. The HKID is one of convenience, and most Mainlanders will tell you they obtained the same for reasons of convenience.
csmhome
..
crbfile
she's not secretive, she has a HK ID and lives in SZ.....
FYI, Shenzhen people are commonly referred to as northern neighbors or ****s,
but rest assured, that's media hype. We are people too.....
caractacus
Kei did not make her own money. Most billionaire men made their money, albeit with a stake from Dad, but the richest women usually inherit it, after marrying money.
singleline
In my opinion, the richest 'person' in the world is not Bill Gates, but Wal-Mart's Walton family.
Even including the money given away through the Bill and Melinda Gates Foundation, Gates' total wealth is still no match for the total combined wealth of US$139.9 billion owned by the Walton family.
(****www.forbes.com/billionaires/list/#tab:overall)
A lot of products sold in Wal-Mart come from China, the largest assembly plant in the world.
Of course, not all components of China's exported goods are made in China --- they are imported from countries like Japan, South Korea and Taiwan.
The richest Wal-Mart group shows that the US is really a consumption-driven economy.
According to Adam Smith's 'Wealth of Nations', a country's wealth is not measured by a country's mercantilist net exports (gold bullion, like China's rich foreign reserves),
but by the country's GDP --- the amount of final goods and services that can be consumed by the citizens of the country.
From this point of view, the US remains the wealthiest country in the world, possibly in the next few decades.
That's why China has to rebalance her economy, from an export- and investment-led economy to a domestic consumption-driven one.
 
 
 
 
 

Login

SCMP.com Account

or