Patriots governing Hong Kong principle conducive to Hong Kong s prosperity, stability: business sector - China News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.
Li Ka-shing’s net worth jumped 20 per cent to US$35.4 billion, making him Hong Kong’s richest person, according Forbes’s latest rankingThe city’s wealthiest grew their fortunes by 7.5 per cent to US$331 billion, but more than half of them lost money because of the pandemic
Li Ka-Shing Is Again Hong Kong’s Richest Person as Zoom Investment Pays Off
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Spare a thought for Hong Kong’s property tycoons, who saw their wealth shrink slightly in 2020 amid an economic recession caused in part by the pandemic that battered the city.
Overall, though, the wealth of the city’s richest people grew 7.5% to $331 billion, according to the latest Forbes ranking of the region’s super-rich, even as the local economy contracted 6.1%, its worst showing since 1998.
Li Ka-shing regained his crown as Hong Kong’s richest man, gaining $6 billion this year as the pandemic raged, bringing his wealth to $35.4 billion.
Warburg-backed ARA Asset Management weighs $1b dual listing
Suntec Singapore photo from ARA Asset Management s website.
February 26, 2021
ARA Asset Management Ltd., a real estate investment firm backed by Warburg Pincus LLC, is weighing a dual listing plan that could raise at least $1 billion as soon as this year, according to people with knowledge of the matter.
The firm, which also counts Hong Kong billionaire Li Ka-shing as an investor, is working with advisers on a plan to list in Hong Kong and Singapore, said the people, who asked not to be identified as the information is private. The asset manager is leaning toward a Hong Kong offering before a share sale in Singapore, they said.
Zoom s 400 per cent surge propels Superman Li Ka-shing back to the top of Hong Kong s rich list asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.