What a rich Chinese Man sia
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Published January 18, 2008
Li Ka-shing tops new HK rich list
Forbes ranks the 79-year-old No. 1 with his US$32b fortune
(HONG KONG) Li Ka-shing rang up 42 per cent more riches last year, making him worth US$32 billion and crowning him king among tycoons in Hong Kong, which boasts more than 40 billionaires, said Forbes magazine yesterday.
Soaring property prices and unparalleled ties to China's white-hot economy boosted the wealth of many of the city's richest residents, according to Forbes' inaugural rich list for the Asian financial centre.
The city boasts one of the world's highest concentrations of luxury cars from Rolls-Royces to Porsches.
Last year was a stellar one for Mr Li, 79, who heads conglomerates Cheung Kong Holdings and Hutchison Whampoa and has cemented a reputation as a peerless deal-maker, having unloaded a stake in Indian mobile phone carrier Hutchison Essar to Vodafone for a tidy US$11 billion.
Last year, Forbes also ranked Mr Li ninth richest worldwide. His son, Richard, came in 24th in Hong Kong with US$1.52 billion. The Li influence runs so deep it's hard to spend a day in the city without enriching the family, which runs property, power and phone firms and supermarkets.
In second place are the Kwok brothers - Raymond, Thomas and Walter - who run Hong Kong's biggest property developer, Sun Hung Kai. They notched up a US$10 billion gain last year, giving them a combined fortune of US$24 billion.
Known as Asia's Warren Buffett, Mr Lee Shau-kee edged into third place after savvy picks of rising Chinese stocks and climbing oil prices netted him US$6.5 billion, taking his tally to US$23 billion.
A notch lower on the list was New World Development head Cheng Yu-tung with US$9.4 billion.
Gambling magnate Stanley Ho came in fifth with US$9 billion - clinging to the upper echelons despite famed Las Vegas operators Sheldon Adelson and Steve Wynn muscling in on his home turf of Macau - the only place in China where gambling is legal.
Forbes said the 40 richest people in Hong Kong were all billionaires. -- Reuters
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so is bill gates counted still
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this one only in HK lahOriginally posted by SMRT Buses:so is bill gates counted still -
even his name sounds like the cash register
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Originally posted by FireIce:even his name sounds like the cash register
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ka ching ka ching ka ching.................
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me not even a thousandaire...too poor to laugh. -
bill gates was passed several months back. carlos slim surpassed him with US 62 billion
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just follow forbes...
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but in computation of all the billions of $$ bill gates had donated over the years would have kept him the world's richest man.. carlos on the other hand,in terms of being a philanthropist is still a question..Originally posted by KISHU:bill gates was passed several months back. carlos slim surpassed him with US 62 billion [/code] -
There are many rich oversea chinese in the world. Many of them help china in the economic and development. Unlike Russia, China is lucky to have rich oversea chinese.
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there's a will there's a way....why not start playing 4D/Toto?Originally posted by angel7030: me not even a thousandaire...too poor to laugh. 
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My name is mentioned
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You got US$9b and can't even afford a $10 P-membership? Shame on you.Originally posted by Stanley Ho:My name is mentioned -
Toto not enough. You need to buy shares also.Originally posted by kengkia:there's a will there's a way....why not start playing 4D/Toto? 
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Definitely, if Gates and Buffet hadn't donated a big part of their money(note, billions not millions), Carlos Slim probably wouldn't even come close.Originally posted by Fireindahouse:but in computation of all the billions of $$ bill gates had donated over the years would have kept him the world's richest man.. carlos on the other hand,in terms of being a philanthropist is still a question.. -
Originally posted by LatecomerX:
You got US$9b and can't even afford a $10 P-membership? Shame on you.
oh.. 10 bucks nia!!! wat are the perks of p-membership?
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wow so rich........i think im gonna put a mask on and go rob him.lol
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Originally posted by Stanley Ho:
My name is mentioned
i know u ish got connections to the mafia one.....