Lee Shau-kee, the world’s richest actual property billionaire.
David Wong/South China Morning Submit by way of Getty Pictures
The world’s actual property billionaires collectively added $151 billion to their fortunes up to now yr, pushed by a spike in Asian markets, based on the 2021 Forbes Billionaires rankings. The 215 actual property moguls have a mixed internet value of greater than $800 billion and symbolize about eight% of the overall people on the listing. Solely 30 noticed a internet value drop during the last yr.
The six richest are all residents of both China or Hong Kong, together with Hong Kong’s Lee Shau-kee, 93, the world’s richest actual property tycoon, with a $31.7 billion fortune. Lee controls publicly traded Henderson Land Growth, which builds residential properties and marquee business tasks, just like the World Monetary Heart in Beijing and the Worldwide Finance Centre advanced in Hong Kong.
The most important bounce from final yr went to China’s Zuo Hui, who added $13.three billion. He was value $15.5 billion on March 6, when the annual rating was finalized. Zuo chairs publicly traded KE Holdings, the mum or dad firm of Lianjia, which he based in 2001 and constructed into China’s largest actual property brokerage agency, with operations in 28 cities and nearly 150,000 brokers.
Zuo was at the forefront of a increase for Asian actual property billionaires, who declare 15 of the highest 20 spots on the Forbes rating, yet another than final yr.
Irvine Co. Chairman Donald Bren is considered one of solely two U.S. billionaires to rank amongst actual property’s 20 richest folks. Bren’s $15.three billion fortune represents a $200 million drop from 2020, because the pandemic ate away valuations throughout the nation. Irvine controls greater than 125 million sq. ft of property, a lot of it in Southern California. Bren is joined by Solar Hongbin, a U.S. citizen who based Chinese language developer Sunac China Holdings; he ticked up by $100 million to $9.three billion.
Germany’s Alexander Otto was the highest-ranking European billionaire to land within the high 20. Otto’s fortune, which incorporates business investments in main cities like Rio de Janeiro and New York, rose nearly $7 billion over the previous yr.
Rising values introduced a handful of recent billionaires to the listing—although none within the high 20—together with Zillow cofounders Richard Barton ($2.2 billion) and Lloyd Frink ($1.four billion), each from the U.S., the place a white-hot residential market boosted the corporate’s shares almost three-fold within the 12 months ending March 6.
#1 | Lee Shau Kee
NET WORTH: $31.7 billion (1-YEAR CHANGE: +12.eight%)
#2 | Yang Huiyan & household
NET WORTH: $29.6 billion (1-YEAR CHANGE: +45.eight%)
#three | Hui Ka Yan
NET WORTH: $27.7 billion (1-YEAR CHANGE: +27.1%)
#four | Wu Yajun
NET WORTH: $18.three billion (1-YEAR CHANGE: +52.5%)
#5 | Peter Woo
NET WORTH: $18 billion (1-YEAR CHANGE: +56.5%)
#6 | Zuo Hui
NET WORTH: $15.5 billion (1-YEAR CHANGE: +604.5%)
#7 | Donald Bren
NET WORTH: $15.three billion (1-YEAR CHANGE: -1.three%)
Donald Bren, chairman of Irvine Firm.
Picture by Jay L. Clendenin/Los Angeles Instances by way of Getty Pictures
#eight | Wang Jianlin
NET WORTH: $14.eight billion (1-YEAR CHANGE: +5.7%)
#9 | Kwong Siu-hing
NET WORTH: $14.7 billion (1-YEAR CHANGE: +23.5%)
#10 | Joseph Lau
NET WORTH: $13.6 billion (1-YEAR CHANGE: -17.1%)
#11 | Robert & Philip Ng
NET WORTH: $13.three billion (1-YEAR CHANGE: +22%)
#12 | Alexander Otto
NET WORTH: $11.eight billion (1-YEAR CHANGE: +136%)
Alexander Otto, majority shareholder and CEO of ECE Group.
Christian Charisius/image alliance by way of Getty Pictures
#13 | Harry Triguboff
NET WORTH: $11.2 billion (1-YEAR CHANGE: +77.eight%)
#14 | Cai Kui
NET WORTH: $10.four billion (1-YEAR CHANGE: +50.7%)
#15 | Hui Wing Mau
NET WORTH: $10.three billion (1-YEAR CHANGE: +eight.four%)
#16 (tie) | Ian & Richard Livingstone
NET WORTH: $9.three billion (1-YEAR CHANGE: +45.three%)
#16 (tie) | Solar Hongbin
NET WORTH: $9.three billion (1-YEAR CHANGE: +1.1%)
Solar Hongbin, chairman of Chinese language developer Sunac.
Jonathan Wong/South China Morning Submit by way of Getty Pictures
#18 | Chan Tan Ching-fen
NET WORTH: $eight.eight billion (1-YEAR CHANGE: +486.7%)
#19 | Kushal Pal Singh
NET WORTH: $eight.three billion (1-YEAR CHANGE: +124.three%)
#20 | Kei Hoi Pang
NET WORTH: $7.eight billion (1-YEAR CHANGE: +20%)