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.
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.