Li Ka-shing, the richest real estate man in the world

Li Ka-shing, the richest real estate man in the world

On April 6, the Hurun Research Institute released the “2022 Hurun Global Real Estate Entrepreneurs List”, listing the world’s top 100 real estate entrepreneurs whose wealth mainly comes from the real estate industry. The threshold for the “2022 Hurun Global Real Estate Entrepreneurs List” has reached 17.5 billion yuan. The total wealth of the world’s top 100 real estate entrepreneurs is 4.2 trillion yuan. They come from 16 countries. The average age is 67 years old, 3 years older than the average age of the Hurun Global Rich List.

Li Ka-shing
Li Ka-shing

  The threshold for the top ten is 70 billion yuan. Eight were from China, one each from the UK and the US. Among them, the wealth of Chinese real estate entrepreneurs has shrunk by an average of 3%, and the wealth of Evergrande’s 64-year-old Xu Jiayin has decreased the most, with a decrease of 150 billion yuan.

Li Ka-shing, the richest real estate man in the world

   Among the top three rankings, 94-year-old Li Ka-shing of Cheung Kong Industrial and his family became the world’s richest real estate richest man with a fortune of 205 billion yuan, a decrease of 3% from last year. At present, Changshi Group holds a total investment property portfolio of about 17.6 million square feet. In 2021, it will realize a revenue of HK$83.2 billion, a year-on-year increase of 17%; net profit attributable to shareholders is HK$21.2 billion, a year-on-year increase of 31%. In March this year, Cheung Kong sold the “5 Broadgate” office building in London, England, and the debt ratio fell to about 5%, and the liquidity of funds continued to be stable.

Henderson Land’s 94-year-old Lee Shau Kee ranked second with a fortune of 170 billion yuan, up 8 percent from last year. In 2021, Henderson Land achieved revenue of HK$23.5 billion, a year-on-year decrease of 6%; profit attributable to shareholders was HK$13.2 billion, a year-on-year increase of 29%. On the mainland, it continues to look for investment projects in first-tier and key second-tier cities, and now has about 8.1 million square feet of completed investment properties.

  Country Garden’s 41-year-old Yang Huiyan and her family ranked third with a fortune of 165 billion yuan, down 21 percent from last year. In 2021, the real estate industry is in deep financial distress. Although Country Garden will inevitably be affected, its performance and financial performance will be at the forefront of the industry, and the annual contracted sales amount will be about 558 billion yuan. In the first half of 2021, Country Garden’s net debt ratio was 49%, and the cash short-term debt ratio was 2.1.

Although Li Ka-shing, Yang Huiyan and other wealth have shrunk to varying degrees, the assets of Wu Yajun and Wang Jianlin’s family have not been affected. Their wealth has neither increased nor decreased last year. Both of them are worth 105 billion. bit. It is worth noting that Wanda Commercial Management, a subsidiary of Wang Jianlin, has submitted an IPO application to the Hong Kong Stock Exchange in October last year. If it can be successfully listed, Wang Jianlin’s wealth ranking may have more room for improvement.

In general, the changes in the real estate industry in the future will be mainly stable, and the changes in their wealth rankings may not fluctuate greatly, while the mainland real estate is mainly a repair market. Therefore, the real estate richest rankings in the next year are not expected. Big fluctuations, such as the Xujiayin-style decline, may not happen.

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