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Li Ka-shing no longer Hong Kong's richest after two decades

Rival property tycoon Lee Shau-kee rises to top with $30.4bn

Hong Kong billionaire Li Ka-shing waves goodbye after announcing his retirement as the chairman of CK Hutchison Holdings in March 2018.   © Reuters
TAKESHI KIHARA, Nikkei staff writer | Hong Kong

HONG KONG -- Property tycoon Li Ka-shing has been surpassed as Hong Kong's richest person after 21 years at the top, edged out by the founder of another real estate group, a new ranking shows.

According to Forbes' 2020 list, Henderson Land Development founder Lee Shau-kee's wealth grew 1% on the year to $30.4 billion.

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