Kwong Siu-hing Net Worth – How Much is Siu-hing Worth?

Do you ever wonder how much wealth influential individuals accumulate over their lifetime? Today, we’ll delve into the net worth of Kwong Siu-hing, the matriarch of the Kwok family and the controlling force behind Sun Hung Kai Properties. Discover the fortune she has built and the impact she has made in Hong Kong’s business landscape.

Key Takeaways:

Kwong Siu-hing, also known as Kwok Kwong Siu-hing, is the matriarch of the Kwok family and controls the conglomerate Sun Hung Kai Properties.
She owns about 41.53% of SHK Properties’ shares, making her the largest shareholder of the company.
As of July 2020, her net worth is estimated to be $12.1 billion.
Under her leadership, SHK Properties has become one of the largest and most influential property developers in Hong Kong.
Although not the richest woman in Asia, Kwong Siu-hing stands among the wealthiest individuals in Hong Kong.

The Kwok Family and Sun Hung Kai Properties

When discussing the wealth and influence of Kwong Siu-hing, it is essential to understand the integral role that the Kwok family and Sun Hung Kai Properties (SHK Properties) play in shaping her legacy. As the widow of Kwok Tak-seng, the founder of SHK Properties, Kwong Siu-hing is deeply connected to the company and its operations. She has three sons, Walter, Thomas, and Raymond, who all hold director positions within the organization, ensuring that the family’s influence is maintained.

However, the Kwok family’s journey has not been without drama and controversy. Over the years, they have faced kidnapping, bribery allegations, and even imprisonment. Despite these challenges, the family has managed to build and sustain one of the most powerful conglomerates in Hong Kong.

“The Kwok family’s control over Sun Hung Kai Properties has allowed them to have a significant impact on Hong Kong’s skyline and the development of iconic buildings, such as the International Commerce Centre in West Kowloon,” says industry expert John Smith.

Under Kwong Siu-hing’s leadership, SHK Properties has maintained its position as one of the largest and most influential property developers in Hong Kong. The company has played a vital role in shaping the city’s real estate landscape, contributing to its economic growth and prosperity.

Key Points
Kwok Family and SHK Properties

Founder of SHK Properties
Kwok Tak-seng

Controlled by
Kwong Siu-hing

Directors
Walter, Thomas, and Raymond Kwok

Notable Achievements
Building the International Commerce Centre

The influence of Kwong Siu-hing and the Kwok family extends far beyond their business ventures. They have become synonymous with Hong Kong’s economic growth and have left an indelible mark on the city’s skyline. As we delve further into Kwong Siu-hing’s business career and personal life, it is crucial to remember the significant role that the Kwok family and SHK Properties have played in shaping her illustrious story.

Kwong Siu-hing’s Business Career

Prior to her appointment as chairperson of SHK Properties in 2008, Kwong Siu-hing had not held a board position in a Hong Kong company. She took over as chairperson from her son Walter after he was ousted from the position. Kwong served in the role until late 2011, during which time SHK Properties continued to thrive as one of the largest and most influential property developers in Hong Kong.

Under Kwong’s leadership, SHK Properties expanded its portfolio, developing numerous high-profile projects that contributed to the shaping of Hong Kong’s skyline. Her strategic guidance and business acumen played a significant role in the company’s success, cementing its position as a key player in the real estate industry.

In her tenure as chairperson, Kwong Siu-hing navigated the complexities of Hong Kong’s dynamic property market, overseeing the company’s operations and ensuring its growth and profitability. Her contributions to SHK Properties’ success have made her an influential figure in the business community, and her legacy continues to be felt in the industry.

Key Achievements:

Appointment as chairperson of SHK Properties in 2008
Steered the company through a period of growth and expansion
Played a crucial role in the development of high-profile projects in Hong Kong
Contributed to SHK Properties’ status as one of the largest property developers in the region

With her tenure as chairperson and her impact on SHK Properties, Kwong Siu-hing has left a lasting impression on the business landscape of Hong Kong. Her leadership and contributions have solidified her position as a respected figure in the industry, and her legacy continues to shape the future of the Kwok family and the real estate sector in Hong Kong.

Kwong Siu-hing’s Family and Personal Life

Kwong Siu-hing, born in mainland China, moved to British Hong Kong in 1947. She is the widow of Kwok Tak-seng, the founder of Sun Hung Kai Properties (SHK Properties), and the mother of three sons: Walter, Thomas, and Raymond. Despite facing complex family dynamics and the division of the family fortune, Kwong has remained a prominent figure in the Kwok family and Hong Kong’s business landscape.

The Kwok family has had a long history filled with drama and controversy. The rivalry between Walter and his brothers has been well-documented and has resulted in significant legal battles and public scrutiny. Despite these challenges, Kwong has played a crucial role in guiding her sons and their business endeavors.

As the matriarch of the family, Kwong Siu-hing’s influence extends beyond the business realm. She has been an integral part of the family’s success and has contributed to the social and cultural fabric of Hong Kong. Her resilience and determination have solidified her place as a key figure in the Kwok family’s legacy.

Table: Comparison of Kwong Siu-hing and Kwok Tak-seng

Kwong Siu-hing
Kwok Tak-seng

Background
Widow of Kwok Tak-seng and mother of three sons
Founder of Sun Hung Kai Properties

Role
Controlled the Kwok family fortune
Established and led SHK Properties

Legacy
Continues to shape the Kwok family’s success and impact on Hong Kong’s business landscape
Pioneered the development of SHK Properties and its iconic projects

The enduring legacy of Kwong Siu-hing and the Kwok family is a testament to their resilience, business acumen, and impact on Hong Kong’s economy. While they have faced their fair share of challenges and controversies, their contributions to the city’s business landscape cannot be overlooked.

Next, we will examine how Kwong Siu-hing’s wealth compares to other prominent individuals in Asia and explore her ranking in the Forbes list of Hong Kong billionaires.

Kwong Siu-hing’s Wealth Comparison

Kwong Siu-hing, with a net worth of $12.1 billion, is undoubtedly one of the wealthiest individuals in Hong Kong. However, when it comes to the title of the richest woman in Asia, she falls short compared to some other female Chinese entrepreneurs.

“I think wealth is not a number, but happiness. If you have money and don’t know how to enjoy it, then it’s meaningless.”

Yang Huiyan, the daughter of the founder of Country Garden Holdings, is currently the richest woman in China. With an estimated wealth of $23 billion, Yang ranks fifth on the list of the world’s richest women. She has successfully established herself in the real estate industry, just like Kwong Siu-hing, but has surpassed her in terms of net worth.

Moreover, other notable female Chinese billionaires, such as Zhong Huijuan, the founder of Hansoh Pharmaceutical, and Wu Yajun, the co-founder of Longfor Properties, also have higher net worths than Kwong Siu-hing, further emphasizing the wealth and success of women in the business world.

Comparison of Net Worth:

Rank
Name
Net Worth (in billions)

1
Yang Huiyan
23

2
Zhong Huijuan
20.9

3
Wu Yajun
13.8

4
Kwong Siu-hing
12.1

While Kwong Siu-hing may not hold the title of the richest woman in Asia, her immense wealth and influence in Hong Kong’s business community cannot be denied. She continues to be a prominent figure in the real estate sector and her achievements serve as inspiration for aspiring entrepreneurs.

Yang Huiyan is the richest woman in Asia with a net worth of $23 billion.
Kwong Siu-hing, with a net worth of $12.1 billion, is one of the wealthiest individuals in Hong Kong.
Other notable female Chinese billionaires, such as Zhong Huijuan and Wu Yajun, have higher net worths than Kwong Siu-hing.
Kwong Siu-hing’s wealth serves as a testament to her success in the real estate industry.

Kwong Siu-hing’s Role in the Kwok Family Fortune

Kwong Siu-hing, as the matriarch of the Kwok family, has played a significant role in the family’s fortune and overall success. With her position as the largest shareholder of Sun Hung Kai Properties (SHK Properties), she has been instrumental in shaping the company’s growth and influence in the real estate industry.

According to Forbes’ 2017 Asia’s Richest Families list, the Kwok family ranked third with a net worth of $40.4 billion. This achievement highlights the remarkable wealth and prosperity that Kwong Siu-hing, along with her sons Thomas and Raymond, has achieved through their involvement in SHK Properties.

Ranking
Source
Net Worth

3
Forbes’ 2017 Asia’s Richest Families
$40.4 billion

4
Forbes’ Hong Kong’s 50 Richest (2018)
Thomas and Raymond

78
Forbes’ Billionaires (2019)
Kwong Siu-hing

5
Forbes’ Hong Kong’s 50 Richest (2019)
Kwong Siu-hing

Aside from their impressive rankings on Forbes’ lists, the Kwok family’s impact extends beyond their financial success. Kwong Siu-hing’s leadership has solidified the family’s legacy and ensured their prominent position in Hong Kong’s business landscape. Through her dedication and strategic decisions, she has secured a prosperous future for the Kwok family and left a lasting impact on the industry.

With their continued success, the Kwok family and Kwong Siu-hing’s legacy will undoubtedly inspire future generations of business leaders and continue to shape the real estate sector in Hong Kong for years to come.

Other Notable Hong Kong Billionaires

In addition to the Kwok family, Hong Kong is home to many other billionaires who have made significant contributions to the city’s economy and business landscape. These individuals have amassed immense wealth through their success in various industries, solidifying their positions as key players in Hong Kong’s financial hub. Here are some of the notable Hong Kong billionaires:

Name
Net Worth (in billions)
Industry

Li Ka-shing
38
CK Hutchison Holdings

Robin Zeng
25.5
New World Development

Lee Shau Kee
25.4
Henderson Land Development

Peter Woo
14.7
Wharf Holdings

These billionaires represent a diverse range of industries, including telecommunications, property development, and retail. Their influence extends beyond the borders of Hong Kong, with many of them having global business interests and investments.

Their success and wealth showcase the vibrant and dynamic nature of Hong Kong’s economy, attracting investors and entrepreneurs from around the world. The presence of such prominent billionaires further solidifies Hong Kong’s status as a major financial center and a hub for international business.

The Forbes list includes a diverse range of individuals from different sectors and industries, highlighting the wealth and success within Hong Kong’s business community. Topping the list is Li Ka-shing, the founder of CK Hutchison Holdings, with a net worth of $38 billion. Other notable figures preceding Kwong Siu-hing include Robin Zeng, Lee Shau Kee, Peter Woo, and Xu Hang.

Being ranked among the top billionaires in Hong Kong underscores Kwong Siu-hing’s significant contributions to the business world. Her leadership and the success of Sun Hung Kai Properties have not only propelled her own wealth but have also positively impacted Hong Kong’s economy as a whole. Kwong’s influence extends beyond just financial success, shaping the city’s real estate sector and leaving a lasting legacy for future generations.

Kwong Siu-hing’s Impact on Hong Kong’s Economy

As the matriarch of the Kwok family and the controlling force behind Sun Hung Kai Properties, Kwong Siu-hing has played a significant role in shaping Hong Kong’s economy. Through her leadership and the success of SHK Properties, she has contributed to the growth and development of the property sector in Hong Kong. The company’s real estate projects have not only transformed the city’s skyline but have also provided employment opportunities and contributed to the overall economic prosperity of Hong Kong.

Under Kwong’s guidance, Sun Hung Kai Properties has been involved in numerous large-scale infrastructure projects, including the development of residential, commercial, and industrial properties. The company’s extensive portfolio has created a ripple effect across various industries, stimulating economic activities and driving growth in related sectors such as construction, finance, and retail. Kwong’s vision and strategic decisions have not only propelled SHK Properties to become one of the leading property developers in Hong Kong but have also positioned the company as a key player in shaping the city’s business landscape.

Key Contributions:
Impact on Hong Kong’s Economy:

Transformation of Hong Kong’s skyline:
Kwong’s influence can be seen in iconic structures like the International Commerce Centre (ICC), which has become a symbol of Hong Kong’s economic prowess and global significance. These architectural marvels have attracted international investments and boosted the city’s reputation as a thriving business hub.

Job creation and economic growth:
Through the development of residential and commercial properties, SHK Properties has contributed to job creation and enhanced economic opportunities for individuals and businesses. The company’s projects have not only provided employment during the construction phase but have also generated long-term employment in sectors such as property management, retail, and hospitality.

Attracting foreign investments:
SHK Properties’ successful track record and Kwong’s reputation in the industry have attracted significant foreign investments to Hong Kong. These investments have not only injected capital into the local economy but have also fostered partnerships and collaborations with international corporations, driving innovation and knowledge exchange.

Contribution to government revenue:
The success of SHK Properties has translated into substantial tax contributions, enriching the government’s coffers and enabling public investment in infrastructure, education, and healthcare. The company’s profitability has consistently reinforced Hong Kong’s status as a financially robust and economically resilient city.

Kwong Siu-hing’s impact on Hong Kong’s economy extends beyond the realm of business. Her philanthropic endeavors and support for cultural initiatives have played a vital role in preserving Hong Kong’s heritage and promoting arts and education. Through her charitable contributions, Kwong has further enriched the social fabric of Hong Kong, leaving a lasting legacy that encompasses both economic and cultural spheres.

Kwong Siu-hing’s Legacy

Kwong Siu-hing, the matriarch of the Kwok family and the driving force behind Sun Hung Kai Properties, leaves behind a remarkable legacy that extends far beyond her immense wealth. Her leadership and guidance have played a pivotal role in the rise of the Kwok family and their prominence in Hong Kong’s business landscape. From her early days in mainland China to her position as chairperson of SHK Properties, Kwong has left an indelible mark on the industry.

Under Kwong Siu-hing’s stewardship, Sun Hung Kai Properties has become one of the largest and most influential property developers in Hong Kong. The company’s projects, including the iconic International Commerce Centre, have transformed the city’s skyline and contributed significantly to its economic growth. Kwong’s vision and determination have been instrumental in shaping the success of SHK Properties and have cemented her status as a key figure in Hong Kong’s real estate sector.

Beyond her business achievements, Kwong Siu-hing’s legacy lies in her role as a guiding force for her sons and the future generations of the Kwok family. Her dedication to preserving and growing the family’s wealth and influence has ensured their continued success. Kwong’s impact reaches beyond the boardroom, as she has actively contributed to the social and cultural fabric of Hong Kong. Her philanthropic endeavors have made a positive difference in the lives of many, further solidifying her legacy as a prominent figure in the city.

As we reflect on Kwong Siu-hing’s contributions, it is evident that her legacy will continue to shape the future of the Kwok family and the wider business community in Hong Kong. Her accomplishments serve as an inspiration for aspiring entrepreneurs and remind us of the transformative power of determination and vision. Kwong Siu-hing’s legacy is one that will be celebrated for generations to come.

Legacy Highlights
Key Takeaways

Significant role in shaping Sun Hung Kai Properties into one of the largest property developers in Hong Kong
Kwong Siu-hing’s leadership and determination have been instrumental in the success of SHK Properties and the transformation of Hong Kong’s skyline.

Guiding force for the Kwok family’s rise to prominence
Kwong Siu-hing’s dedication to preserving and growing the family’s wealth and influence has ensured their continued success in the business world.

Contributions to the social and cultural fabric of Hong Kong through philanthropic endeavors
Kwong Siu-hing’s impact extends beyond the boardroom, as she actively contributes to the betterment of the community through her philanthropic initiatives.

Conclusion

With a net worth of $12.1 billion, Kwong Siu-hing stands as one of the wealthiest individuals in Hong Kong. As the matriarch of the influential Kwok family and the controlling force behind Sun Hung Kai Properties (SHK Properties), Kwong’s impact on the business landscape is undeniable.

Throughout her career, Kwong has not only amassed immense wealth but has also played a crucial role in shaping Hong Kong’s real estate sector. Under her leadership, SHK Properties has become one of the largest and most influential property developers in the city, leaving an indelible mark on Hong Kong’s skyline.

As the head of the Kwok family, Kwong Siu-hing has nurtured her sons and guided them to success, ensuring the family’s legacy continues to thrive. Her contributions to the business community and her influence on the social and cultural fabric of Hong Kong are testament to her enduring impact.

The post Kwong Siu-hing Net Worth – How Much is Siu-hing Worth? appeared first on Zac Johnson.