Kwoks on top with US$35.6b as rich families slide in rankings

Cici Cao

Five of Hong Kong wealthiest families are on the Bloomberg list of Asia's 20 Richest Families of 2025, but most of their rankings slid from the previous year.

The Kwok family, who own Sun Hung Kai Properties (0016), was rated Hong Kong's richest with an estimated net worth of US$35.6 billion (HK$277.60 billion), though their ranking fell by one spot to fifth place.

The Cheng family, who own New World Development (0017) and Chow Tai Fook Jewellery (1929), ranked 12th with US$21.8 billion, down three spots.