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Hong Kong’s 50 Richest 2024: Collective Wealth Slumps In A Gloomy Property And Trade Landscape

Hong Kong’s 50 Richest 2024: Collective Wealth Slumps In A Gloomy Property And Trade Landscape

ByJane HoForbes Staff

With a 28% stock market decline, the combined fortune of Hong Kong’s wealthiest fell 9% to $296 billion.

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From the May 2024 issue

How Malaysia’s IOI Properties Quietly Became One Of Singapore’s Biggest Landlords

Company—owned by billionaire brothers Lee Yeow Chor and Lee Yeow Seng—has built its presence in the Lion City, where it now has properties valued at about $5 billion.

ByJonathan BurgosForbes Staff
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Malaysia’s Property Tycoons Make A Mint With Affordable Homes, Overseas Expansion

With demand for homes rising across the region, Malaysia’s property tycoons are doubling down on new projects.

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Malaysian Real Estate Magnate Gets Ready To Tap Prized Land Bank

Malaysia’s expanding economic ties with Singapore have made the southern state of Johor, where a new special economic zone is to be created, an investment hotspot for its tycoons.

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Young Guard Take Charge At Casino Firm NagaCorp And Ports Operator Westports

Two of Malaysia’s richest families are now led by the second generation after their respective billionaire patriarchs passed away in 2023.

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Malaysian Infrastructure Tycoon Seeks To Unlock Value

More than two years after delisting his infrastructure and utilities group MMC and taking it private, Syed Mokhtar AlBukhary is looking to unlock value.

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Malaysia’s 50 Richest 2024: Some Tycoons Hit The Jackpot In A Year Of Moderate Growth

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Hong Kong Property Tycoons Weather Worst Slump In Two Decades With Little Relief In Sight

Lessons learned in the 1997-2004 slump helped some weather the storm while others were buffered by investments in luxury malls and non-property assets.

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Sagging Sales Drag Down Wealth Of Sofa Billionaire

Man Wah Holdings founder and chairman Wong Man Li saw his wealth plummet by a third to $2 billion as sales at the Hong Kong-listed sofa and bedding maker sagged at home and overseas.

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Former Pro Poker Player Turned Billionaire Chow Shing Yuk Shows Winning Hand

Logistics and delivery giant Lalatech Holdings’ chairman Chow Shing Yuk, who debuts this year with a net worth of $1.9 billion, is a rare billionaire from Hong Kong’s startup community.

ByZinnia LeeForbes Staff
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