Chinese And Hong Kong Billionaires On Top As Global Real Estate Fortunes Surge $151 Billion

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Chinese And Hong Kong Billionaires Are On Top As Global Real Estate Fortunes Surge $151 Billion

David Wong/South China Morning Post via Getty Images

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.

Zuo was at the leading edge of a boom for Asian real estate billionaires, who claim 15 of the top 20 spots on theIrvine Co. Chairman Donald Bren is one of only two U.S. billionaires to rank among real estate’s 20 richest people. Bren’s $15.3 billion fortune represents a $200 million drop from 2020, as the pandemic ate away valuations across the country. Irvine controls more than 125 million square feet of property, much of it in Southern California. Bren is joined by Sun Hongbin, a U.S.

 

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