Forbes' list of richest Chinese

| About: PCCW Ltd. (PCW)
This article is now exclusive for PRO subscribers.

Here they are, their worth, and how they made their money:

#22: Li Ka-shing

  • Net worth: $13+ billion
  • Industry: Diversified
  • Residence: Hong Kong
  • Interesting fact: High School Dropout

Asia's richest and most influential
businessman. Centered on the conglomerates Hutchinson Whampoa and
Cheung Kong, Li's empire spans 40 countries and accounts for 11.5% of
Hong Kong's stock market value. Leading real estate developer, cell
phone provider and retailer, and the major supplier of electricity in
Hong Kong. Also the world's largest operator of container terminals.
This year Li sold his $1 billion stake of Canadian Imperial Bank and
donated all proceeds to his charities, including a new Canadian Li
Ka-shing Foundation. Both his sons Richard and Victor hold Canadian

#31  Raymond, Thomas and Walter Kwok

  • Net worth: $10.9 billion
  • Industry: Real Estate
  • Residence: Hong Kong

Brothers inherited Hong Kong's giant real
estate developer Sun Hung Kai Properties in 1990 following father's
death. Later, the company branched out into cellular phone service
under SmarTone name. Also control KMB, a large bus operator in Hong
Kong. The brothers are now looking to bid for U.S. rail company CSX
Corp.'s Hong Kong port assets.

#38 Lee Shau Kee

  • Net worth: $9.3 billion
  • Industry: Real Estate
  • Residence: Hong Kong

Hong Kong real estate tycoon got boost in
fortunes from unlikely source —Singapore real estate—as the Suntec
development in which he owns a stake went public last year. The tycoon
also last year set up a special holding company, Shau Kee Financial, in
which he claims to hold over $6 billion in investment assets. Lee's
core Hong Kong real estate holdings in Henderson group of companies is
once again showing signs of life as rents rise in central office
locations after a long period in the doldrums. And of course his China
real estate investments are also booming.

#111 Michael Kadoorie and Family

  • Net worth: $4.7 billion
  • Industry: Diversified
  • Residence: Hong Kong

Brothers Elly and Ellis Kadoorie, émigrés
from Baghdad, founded hotels in Shanghai and Hong Kong nearly 100 years
ago. Michael, grandson to Elly, now oversees the family's interests,
which include power supplier CLP Holdings and hotels. While the
Peninsula in Hong Kong remains their jewel hotel, family is returning
to its Shanghai roots, opening a Peninsula hotel there.

#132 Cheng Yu-tung

  • Net worth: $4.2 billion
  • Industry: Real estate
  • Residence: Hong Kong

Heads New World Development, one of Hong
Kong's leading conglomerates, with $14.3 billion in assets. Despite a
22% increase in revenues to $3.3 billion, group reported another loss
of $125 million last year. Meanwhile, Cheng's private holding Chow Tai
Fook Enterprises, whose holdings include a $50 million stake in China
Life Insurance and jewelry, appears to be doing well.

#151 Stanley Ho

  • Net worth: $3.6 billion
  • Industry: Gambling
  • Residence: Hong Kong
  • Interesting fact: University of Hong Kong dropout

The money keeps flowing for Stanley Ho, whose
gaming operations include casinos, greyhound racing, lotteries and
horse betting in Macau. Increased competition from American casino
moguls Sheldon Adelson and Steve Wynn not a big deal yet: Ho's
Sociedade de Jogos de Macau still controls 15 of the 17 casinos in the
exotic Chinese playland; posted $3.5 billion in casino revenues in
2003. His Lisboa casino is the the world's highest grossing casino.
Even if the Americans succeed in Macau, Stanley won't necessarily lose
out: He operates ferry and helicopter services that transport eager
gamers to Macau. The 83-year-old mogul has 17 children.

#188 Nina Wang

  • Net worth: $3.1 billion
  • Industry: Real estate
  • Residence: Hong Kong

Widow of Teddy Wang is mired in litigation
over control of Chinachem Group, the company she founded with her
husband and headed after his kidnapping in 1990. Husband was never
heard from again and was declared dead in 1999. Elderly father-in-law
says that a 1968 will makes him the sole beneficiary of son's estate.
Nina argues a later one makes her beneficiary. The Hong Kong courts
have twice ruled in the father's favor and declared Nina's will a
forgery. Last bail she made was for $7 million, largest in Hong Kong
history. Her fate now rests on a final appeal to be decided this coming

#194 Henry Fok

  • Net worth: $3.0 billion
  • Industry: Gambling
  • Residence: Hong Kong

Real estate developer who helped finance
Stanley Ho's bid for a gaming license in Macau. Today his stake in Ho's
Sociedade de Jogos de Macau has vaulted him into the billionaire ranks;
despite competition from American moguls Sheldon Adelson and Steve
Wynn, company still controls 15 of 17 casinos in the exotic Chinese
playground. But Fok's interests don't lie in gaming. In 1993 he
initiated an effort to create a 21st-century city in southern China,
turning the once-desolate island of Nansha into an up-and-coming
industrial center between Guangzhou and Hong Kong.

#243 Michael Ying

  • Net worth: $2.5 billion
  • Industry: Apparel
  • Residence: Hong Kong

Esprit's American founders Douglas and Susie
Tompkins gave Ying his big break when they hired him as Esprit's
primary sourcing agent in 1971; later he set up the company's Asian
distributorship, Esprit Far East, which listed on the Hong Kong stock
exchange in 1993. Later bought back rights to the brand in the U.S.
Ying stepped aside in 2003 but remains chairman. So far so good, as
Esprit's share price has skyrocketed and Ying has steadily reduced his
majority stake down to 22%, pocketing nearly $1 billion along the way.

#306 Patrick Wang

  • Net worth: $2.1 billion
  • Industry: Technology
  • Residence: Hong Kong

Heads Johnson Electric, one of the world's
leading manufacturers of minimotors, founded in 1959 by his parents to
make motors for toy boats. These days the motors are found in antilock
braking systems, power drills, seat adjusters and blood pressure pumps.
Year-end net profits were down 22% last year, due to rising copper and
steel prices. Wang holds a master's degree in electrical engineering
from Purdue University in Indiana.

#321 Chen Din Hwa

  • Net worth: $2.0 billion
  • Industry: Real estate
  • Residence: Hong Kong

Secretive and a committed Buddhist, Chen
delisted his flagship company Nan Fung Textiles back in 1989. Despite
the economic downturn of the late 1990s, Chen seems to have fared well.
He bought 12% of fellow billionaire Ng Teng Fong' Sinoland and built up
its portfolio of luxury properties, whose values have increased over
50% just in the past year.

#321 Peter Woo

  • Net worth: $2.0 billion
  • Industry: Real estate
  • Residence: Hong Kong

After a failed 1997 attempt to become Hong
Kong's first chief executive, headed the Hong Kong Trade Development
Council for four years. In 2002 returned to the helm of Wheelock &
Co., the company founded by his father-in-law, Sir Y.K. Pao. Now has
been reappointed to head the council and is even mentioned as a
possible candidate for Hong Kong's chief executive post in 2007.

#413 Larry Rong Zhijian

  • Net worth: $1.6 billion
  • Industry: Diversified
  • Residence: Shanghai, China

Born near Shanghai, Rong is chairman of CITIC
Pacific, a conglomerate with interests in infrastructure, airlines and
real estate. CITIC Pacific is controlled by state-owned China International Trust and Investment Co. Rong, 62, worked in China's
Ministry of Electric Power for 14 years before coming to Hong Kong in

#437 Wong Kwong Yu

  • Net worth: $1.5 billion
  • Industry: Retailing
  • Residence: Beijing, China

China's king of appliance retailing. At age
17, Wong moved to Beijing where he worked as a small scale trader. In
1987, he opened his first appliance store. Today his Gome chain
operates has more than 100 locations; thriving thanks to up and coming
middle-class shoppers. A backdoor listing of his appliance retailer
Gome Electrical Appliances last year made him a billionaire. Gave away
nearly $900,000 to the Tsunami relief effort.

#507 Vincent Lo

  • Net worth: $1.3 billion
  • Industry: Real estate
  • Residence: Hong Kong

Founded Hong Kong-based Shui On Construction
and Materials Ltd. 34 years ago. Now one of the biggest sellers of such
material in Hong Kong and mainland China. Recently founded Shui On Land
to develop property in mainland China. Lo is involved in numerous
high-profile business and government groups, including the All-China
Federation of Industry and Commerce. Also serves on several boards of
Hong Kong and mainland Chinese companies including China Telecom Corp.
Owns 20% of Riverside South, Trump's project on New York City's West
Side. Comes from a well-connected family: His father, Lo Ying Shek, is
chairman Great Eagle Holdings, a prominent Hong Kong property developer
and hotel operator.

#548 William Fung

  • Net worth: $1.2 billion
  • Industry: Service
  • Residence: Hong Kong

Managing director of Li & Fung, the
global outsourcing company that supplies clothes and fashion
accessories to retailers like Abercrombie & Fitch. Brother and
fellow billionaire Victor is chairman. Looking for new prospects, the
Fungs have struck licensing agreement with Levi Strauss & Co.; spun
off group's marketing and contract manufacturing unit, raising $ 54
million; may consider listing Toys "R" Us Asia franchise.

#584 Richard Li

  • Net worth: $1.1 billion
  • Industry: Telecom
  • Residence: Hong Kong

Younger son of the venerated Li Ka-shing.
Borrowed $250 million from his father and launched StarTV in 1991;
later sold the satellite TV operation to Rupert Murdoch for $950
million. Used proceeds to start Pacific Century Group, with interests
in real estate, financial services and technology. In January his PCCW
raised $1 billion in share sales to China Netcom, the largest-ever
equity investment by a Chinese company in Hong Kong. Li is a licensed
pilot and scuba divemaster.

Quick thought: You can find the rest of the list here.