Top 8 Richest Women in Hong Kong
Hong Kong is China’s financial hub boasting more multi-millionaires than most cities in the world and still growing at an impressive rate. The number of people worth more than $30 million grew by 13% in 2017. Unlike in other parts of the world, women also appear to be giving men a run for their money when it comes to wealth creation.
As wealth creation moves from the U.S to Asia, Hong Kong is slowly emerging as a hub for women billionaires. While some have inherited most of their wealth from their husbands as well family, there are also those that have created wealth from scratch on big bets in some of the fastest growing sectors.
Below is a list of the top 8 richest women in Hong Kong.
#8 Chan Tan Ching-Fen
Net worth $1.7 Billion
Chan Tan Ching-fen sums up as the top eight richest women in Hong Kong with a net worth of about $1.8 billion. She is the wife of the late Chang Tseng-His who until his death was a property tycoon in the Chinese autonomous region.
Chan Tan Ching-fen accrues most of her wealth from shareholdings in Hang Lung Group, which is one of the largest property developers in the region. The company builds, manages and owns a good number of world-class commercial complexes both in China and Hong Kong.
#7 Vivien Chen
Net Worth $2.2 billion
Vivien Chen takes her position in the rich list, despite having a rough spell that has seen her lose a substantial amount of wealth. She could have been worth more than $2.2 billion had she not lost in a lengthy lawsuit, pitying her 93-year-old mother that saw her ordered to pay more than $1 billion.
Chen is the daughter of deceased billionaire Chen Din Hwa who built a vast empire in the property industry through the Nan Fung Group. The company also has global interests in financial investments as well as shipping and hotel investments.
Chen assumed the reigns at Nan Fung Group in 2016 as honorary chairman after more than three decades of grooming for the post.
#6 Pollyanna Chu
Net Worth $2.6 Billion
Pollyanna Chu was the richest woman in Hong Kong at the start of the year with a net worth of more than $8 billion. The queen of shell companies, however, lost a substantial amount of wealth as her Kingston Financial Group came under pressure.
The Company operates Macau Casinos as well as margin lending business. Chu accrues most of her wealth from Macau’s VIP gaming parlors as the chief executive officer of Kingston Financial group. Despite her wealth taking a significant hit on Kingston Financial Group woes, she is still considered one of the most successful entrepreneurs in Hong Kong.
#5 Rita Tong Liu
Net Worth $3.4
Rita Tong Liu, 68, a devout Catholic and mother of one, is a self-made billionaire having accrued a substantial amount of wealth as a real estate tycoon. She first ventured into commercial office space in 2003. Upon the death of her husband, she started targeting properties in Hong Kong’s Financial District a bet that paid immensely.
She controls a vast Hong Kong Property portfolio including entire floors in Grand Millennium Plaza as well as the Shun Tak Center and Far East Financial Center. She is also the owner of the China Insurance Group Building. Her only son currently runs the real estate property empire.
#4 Angela Leong
Net Worth $3.7 Billion
Angela Leon is the fourth wife of Macau Tycoon Stanley Ho. She started investing in her early 20s from where she has been able to build her own property portfolio. The 55-year-old has made shrewd investments in properties throughout Hong Kong, being the managing director and largest shareholder of SJM Holdings.
SJM Holdings is one of the only six companies authorized to operate casinos in Macau and now controls 19 casinos
#3 Pansy Ho
Net Worth $4.5 Billion
Pansy Ho was once the richest woman in Hong Kong but has seen her wealth shrink to $4.5 billion this year. She is the daughter of gaming tycoon Stanley Ho who made most of his wealth on investments in Macau.
Pansy is the chairman of property developer Shun Tak Holdings, a company started by her father. The company owns a number of the luxury hotel in addition to operating the Macau ferries. She also owns some stakes in Macau Casino operators MGM China as well as SJM Holdings
#2 Lam Wai Ying
Net worth $5.4 billion
Lam is the second richest woman in Hong Kong thanks to her holdings in Biel Crystal Manufactory. She owns 49% of the company, which is one of the biggest producers of touch-sensitive smartphone screens. Her husband Teung Kin-Man who is the founder and chief executive officer owns the remaining 51%
The company draws most of its business and revenues as a leading supplier of smartphone touchscreen for Apple.
#1 Zhou Qunfei
Net Worth $5.7 Billion
Though born and raised in China, serial entrepreneur Zhou Qunfei is a citizen of Hong Kong and the richest self-made billionaire. She accrues most of her wealth from Lens Technology a touchscreen company she founded.
The company is one of the biggest suppliers of touchscreen for smartphones drawing business from the likes of Apple, Samsung and LG. Qunfei ventured into entrepreneurship at an early age following the death of her mother.
She and eight of her family members set up a screen printing workshop in their three bedroom apartment in the 1990’s. Ten years later, they built a factory for making watch lenses employing 1,000 people. In 2003, a breakthrough came in the form of Motorola asking Qunfei to be the chief supplier.
A deal with Motorola allowed Qunfei to launch Lens Technology, which went on to become one of the biggest manufacturers of glass used by various tech companies. Qunfei net worth clocked highs of $10 billion in 2015 and saw her receive the accolade of the richest self-made woman.