The growing appetite for AI stocks fueled the successful market debut of Shanghai-based smart-tech pioneer SenseTime and earned cofounder Tang Xiao’ou a $6 billion fortune.
Hong Kong’s economy revived with a 6.4% rise in 2021, but strict measures to fight the pandemic impacted the benchmark Hang Seng Index. Under such mixed circumstances, the combined wealth of the city’s 50 richest dipped slightly to $328 billion from $331 billion last year.
The billionaire—a long-time business partner and poker buddy of Evergrande chairman Hui Ka Yan—had a wild ride in 2021, but still managed to emerge with a gain.
On the plate of Richard Li, the 55-year-old son of billionaire Li Ka Shing, there’s a major piece of unfinished business from 2021: listing regional life insurer FWD.
Macau’s casinos face a long road to recovery. Even when travel curbs are fully lifted, high rollers from mainland China are unlikely to return in force amid a government crackdown on illegal cross-border gambling.
The February/March issue of Forbes Asia magazine's cover story charts the rise of ESR chair Jeffrey Perlman as he bulks up on properties supporting the digital boom, while the annual list of Hong Kong's 50 Richest also saw an uptick in real estate fortunes.