Macau's casino boom propels Lui Che-woo to No 2 on Hong Kong's rich list

Lui Che-woo more than doubled his wealth for a second year. Photo: SCMP

Galaxy Entertainment chairman Lui Che-woo has ridden Macau's casino boom to become Hong Kong's second-richest person, according to Forbes magazine.

Friday, 10 January, 2014, 4:55am 9 comments

Property tycoon Wang Jianlin is China’s richest person: Forbes

Wang Jianlin, head of conglomerate Wanda Group, is now China's richest person with an estimated wealth of US$14 billion, says <i>Forbes</i> magazine.

A multi-billionaire who bought US cinema chain AMC Entertainment and has just acquired a luxury British yacht builder has taken top spot as China’s richest man, according to Forbes magazine

11 Sep 2013 - 3:34pm

China's Santa factory capital tops richest county ranking

An employee makes plastic Christmas trees at the Zhongsheng Christmas Crafts factory in Yiwu, Zhejiang province. Photo: Reuters

Counties in the eastern provinces of Zhejiang and Jiangsu top the Forbes ranking of China's 10 richest county-level cities as other provinces are challenging Guangdong's status as the nation's economic powerhouse.

26 Jul 2013 - 3:27pm

Forbes lists China's First Lady Peng Liyuan among world's 100 most powerful women

South Africa's President Jacob Zuma shares a toast with China's First Lady Peng Liyuan at an official lunch in Pretoria in March. Photo: Reuters

China's First Lady Peng Liyuan has made it onto Forbes' list of the world's most powerful women, a feat her predecessors have never achieved, but remains overshadowed by her entrepreneurial compatriots.

29 Aug 2013 - 4:13am

How spreading the wealth around helps communities and legacies

Chinese guests read copies of the magazine with the list of China's most popular people. Photo: AFP

Looking at the latest Forbes rich lists for Asia it’s interesting to note that while multinationals are actively seeking young consumers to buy their products, a vast number of Asia’s richest are distinctly grey haired. Take Indonesia - half of the country’s 235 million population is under 29 and their spending power is climbing fast, Forbes says.

10 Apr 2013 - 1:21pm

Below the super-rich, Forbes counts 10.3m Chinese as wealthy

Personal wealth

Reports about China's uber-rich have become common, with Forbes magazine and the Hurun Report regularly compiling lists of the wealthiest and their relative fortunes. In September, for example, Hurun published its list of the 1,000 richest people in China, who had average wealth of US$860 million. The list was topped by beverage magnate Zong Qinghou, worth an estimated US$12.6 billion.

30 Mar 2013 - 6:11am

Saudi prince Alwaleed bin Talal insulted by Forbes' low rank

Prince Alwaleed bin Talal says he's worth US$29.6b.Photo: AFP

The prince, one of the most influential businessmen in the Middle East, insists the list undervalues him by US$9.6 billion. He has vowed to sever all ties with Forbes' reporters and accused them of damaging American-Saudi relations.

7 Mar 2013 - 2:53am

China has second-most billionaires on Forbes' global rich list

Zong Qinghou, Hangzhou Wahaha Group chief and China's richest man, now ranks 67th on the 2013 Forbes Global Rich List. Photo: SCMP

Twenty-six Chinese nationals joined Forbes magazine’s recently published Global Rich List this year, bringing the country's total number of billionaires on the list to 122.

6 Mar 2013 - 6:53pm 1 comment

HSBC suffers the Taibbi treatment in Rolling Stone

Matt Taibbi

Matt Taibbi, the man who famously described Goldman Sachs as "a great vampire squid wrapped around the face of humanity", has turned his attention to HSBC in the latest edition of Rolling Stone magazine.

2 Mar 2013 - 7:12am 2 comments

Li Ka-shing denies offering get-rich-quick tips online

Li Ka-shing. Photo: Sam Tsang

Hong Kong’s richest man, Li Ka-shing, has denied offering a set of get-rich-quick tips that have gone viral on the internet recently, saying the article carrying the tips purportedly made by him was actually not his work.


21 Feb 2013 - 12:51am

Obama, Merkel top Forbes' list of world's most powerful people

Margaret Chan, the WHO director general, is ranked 58th.

The US president leads it, and then there's the Pope, and Angela Merkel, and Facebook's founder, and other global rainmakers on Forbes' ranking of the mightiest earthlings.

7 Dec 2012 - 5:22am

China's top 100 rich-list fall in value

Wahaha chairman Zong Qinghou topped the Forbes China rich list with an estimated wealth of US$10 billion. Photo: Bloomberg

The global economic slowdown has reduced the collective wealth of the mainland's 100 richest people by 7 per cent to US$220 billion this year, Forbes has revealed.

"It's relatively rare for total wealth held by the members of our list to decline," said Russell Flannery, Forbes senior editor.

13 Oct 2012 - 4:57am

Beverage tycoon tops Forbes' China rich list

Wahaha chairman Zong Qinghou, China's richest man. Photo: Simon Song

Beverage tycoon Zong Qinghou regained his position as China’s richest man this year, Forbes magazine said on Friday, but the global economic slump took its toll on other billionaires.

12 Oct 2012 - 2:46pm 1 comment

DJR Digest: Some thoughts on future journalism, and some facts of China’s digital giants

DJR Digest: Some thoughts on future journalism, and some facts of China’s digital giants

If somebody say that graduates from journalism schools will be offered more opportunities in future job market, would you believe that?

Let me prove that to you, some time next month.

Or you can find out the answer buried in one of today's selected articles posted below. 



31 Aug 2012 - 9:29am

The rich just got richer - up by 21% on last year

The gap between rich and poor may be widening as inflation wipes out the modest pay rises achieved by workers, but the city's wealthiest tycoons have no such worries - they all got richer last year.

According to Forbes Asia's 2011 rich list, Hong Kong's 40 wealthiest tycoons have a collective net worth of US$163 billion, a fifth more than the US$135 billion last year.

7 Jan 2011 - 12:00am