Bloomberg has released its 2025 list of Asia's 20 richest families, featuring five families from Hong Kong. Among them, the Kwok family of Sun Hung Kai Properties ranked the highest, securing the 5th spot with an estimated wealth of US$35.6 billion.
The second-highest-ranked HK family is the Cheng family of New World Development and Chow Tai Fook, which placed 12th with a fortune estimated at US$21.8 billion. The families of Wharf Holdings, Wheelock, and BW Group, led by the Pao and Woo families, ranked 14th with an estimated wealth of US$19.6 billion. The Kadoorie family of CLP Holdings and the Lee family of Lee Kum Kee round out the list at 16th and 20th places, respectively, with fortunes estimated at US$17.1 billion and US$15 billion.
The ranking excludes first-generation entrepreneurial families, which disqualifies notable names like the Li family of Cheung Kong (Li Ka-shing), the Lee family of Henderson Land (Lee Shau-kee), and tech entrepreneurs Jack Ma of Alibaba and Pony Ma of Tencent.
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