Chinese And Hong Kong Billionaires On Top As Global Real Estate Fortunes Surge $151 Billion
David Wong/South China Morning Post via Getty Images
The world’s real estate billionaires collectively added $151 billion to their fortunes in the past year, driven by a spike in Asian markets, according to the 2021
Forbes Billionaires rankings. The 215 real estate moguls have a combined net worth of more than $800 billion and represent about 8% of the total individuals on the list. Only 30 saw a net worth drop over the last year.
The six richest are all citizens of either China or Hong Kong, including Hong Kong’s Lee Shau-kee, 93, the world’s richest real estate tycoon, with a $31.7 billion fortune. Lee controls publicly traded Henderson Land Development, which builds residential properties and marquee commercial projects, like the World Financial Center in Beijing and the International Finance Centre complex in Hong Kong.
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