Li Ka-shing held on to the title of Asia's richest person in Forbes magazine's annual ranking of the world's wealthiest people, although his fortune shrank by 22 per cent because of the slumping stock market and global economy.
The US magazine put Mr Li's fortune at US$7.8 billion (HK$61 billion), in 28th place behind the list's leader, Microsoft chairman Bill Gates, who is worth US$40.7 billion.
Other Hong Kong names on the rich list include property magnates the Kwok brothers, the Kadoorie family and Nina Wang.
There were no names from the mainland on the magazine's 17th annual list, compiled by adding up the value of shares in listed companies, or in the case of private companies, using estimates based on revenue and earnings.
The 74-year-old Mr Li was not the only Asian to see his net worth slide this year - 32 billionaires on the list saw their valuations decline and 14 names dropped off the list.
'The Asian tiger is more like a tamed pussycat these days, with its sluggish growth and wealth destruction,' the magazine said.