'Superman Li' continues to be Hong Kong's wealthiest man

Cheung Kong Holdings' founder Li Ka-shing, dubbed "Superman Li," continues to be the wealthiest man in Hong Kong with his US$36 billion (about HK$280 billion) fortunes, according to Forbes.  

Forbes released Hong Kong's 50 Richest 2022 on Thursday and explained that the shares of Li's property developer CK Asset Holdings have gone up by a third compared to a year ago.  

"Resilience in Hong Kong's residential market lifted shares of his property developer CK Asset Holdings by a third from a year ago, offsetting the decline in his holding in videoconference provider Zoom," the Forbes report said.  

Ranked second on the list is Lee Shau-kee, who co-founded Sun Hung Kai Properties and started Henderson Land Development, with his net worth of US$34.2 billion (about HK$267 billion).  

The city's third-richest man is New World Development's chairman Henry Cheng Kar-shun and his family, with a net worth of US$26.4 billion (HK$206 billion).  

Sitting in fourth place are the five siblings of late Lee Man-tat, former chairman of Lee Kum Lee Group – Charlie, Sammy, Eddy, David, and Elizabeth – with a net worth of US$18.9 billion (HK$147 billion).  

Former chairman of Wheelock & Co. and its subsidiary Wharf Holdings Peter Woo Kwong-ching, with US$18.7 billion (HK$146 billion), ranked fifth.  

Ranked from the sixth to the tenth are former chairman of Chinese Estate Joseph Lau Luen-hung; former chairwoman of Sun Hung Kai Properties Kwong Siu-hing; founder of K. Wah Group Lui Che-woo; executive vice-chairman of Alibaba Group Holding Joseph Tsai Chung-hsin; and owners of Biel Crystal Yeung Kin-man and Lam Wai-ying.  

Forbes added that Hong Kong's economy revived by 6.4 percent in 2021 on an uptick in exports and domestic consumption. Yet, stringent Covid-19 curbs impacted the Hang Seng Index, which dipped 16 percent in the past 12 months.  

Mixed circumstances brought the combined wealth of the city's 50 richest from US$331 billion to US$328 billion.  

"More than half of the listees saw their wealth increase, led by the top three," according to Forbes.