Joseph Lau

64th on Forbes’ billionaire list and fourth in Hong Kong, Joseph Lau owns part of Hong Kong’s largest real estate investors — Chinese Estates. His net worth increased more than $2 billion between 2015 and 2016 because of a higher share price for Chinese Estates and his large personal portfolio of Hong Kong and London properties. Last November, Chinese Estates sold the 26-storey Mass Mutual Tower in Hong Kong for $1.6 billion to the Evergrande Real Estate Group, more than 27 times the sum Chinese Estates paid for it over a decade ago.

Company:

Chinese Estates Holdings

Net worth:

US$13.1 billion