Li Ka-shing is the richest man in real estate, according to hurun report

2022-06-12 0 By

Hurun Research Institute today released the Hurun Global Real Estate Entrepreneurs List 2022 (Hurun G), a list of the world’s top 100 real estate entrepreneurs, whose wealth is mainly derived from the real estate industry.The wealth figures come from the hurun Global Rich List 2022, which was recently released by hurun Research Institute. The cut-off date of wealth calculation is January 14, 2022.The total wealth of the world’s top 100 real estate entrepreneurs is 4.2 trillion yuan.The United States was next with 17.The UK ranked third with eight;Li Ka-shing, 94, of Cheung Kong Holdings, became the richest man in the world in real estate with a fortune of 205 billion yuan.Henderson Land’s lee Shau Kee, 94, ranked second with 170 billion yuan;Yang Huiyan, 41, of Country Garden, ranked no. 57 with 165 billion yuan. The biggest increase was 76-year-old Wu Guangzheng from China’s Hui Tak Fung, who grew 30 billion yuan.This was followed by Tamara Gustavson, 60, of Public Storage in the US, who saw her wealth drop by 20 billion yuan to 36, with China accounting for two-thirds (24th).The Guangdong-Hong Kong-Macao Greater Bay Area is home to 30 percent of the world’s top 100 property entrepreneurs.Hong Kong was named the “capital of global property entrepreneurs” with 14 residents, including four of the top 10.Shenzhen ranked second with 11.New York was third with nine;London was fourth with eight;Beijing ranked fifth, with five.Seven of the top 10 cities are from China, including Guangzhou, Shanghai, Taipei and Chongqing, with 17 percent of women entrepreneurs, higher than hurun’s overall global rich list (15 percent). Twelve of them are from China, including the top four, led by Country Garden’s Yang Huiyan, 41, with a fortune of 165 billion yuan.Wu Yajun, 58, of Longhu, is second with a fortune of 105 billion yuan. 11 are under the age of 50, of whom six are self-made and five inherited their wealth.The youngest is 31-year-old Hugh Grosvenor from Britain, who is the eighth generation of his family with a fortune of 100 billion yuan.In the hurun Global Rich List released recently, there are 275 billion-dollar entrepreneurs in the real estate industry, accounting for 8.1% of the total list, ranking down one place to third, surpassed by the healthcare industry.Number one is still financial services.Hurun Global Real Estate Entrepreneurs list 2022 has reached 17.5 billion yuan.The world’s top 100 real estate entrepreneurs have a total wealth of 4.2 trillion yuan.They come from 16 countries.The average age is 67, three years older than the average age on hurun’s global rich list.57 had more wealth than last year;36 had less wealth than last year;Seven have the same wealth as last year.Rupert Hoogewerf, chairman and chief research officer of hurun Report, said: “Hurun Report is committed to discovering value and promoting entrepreneurship through quality lists and research.We’ve been telling stories for entrepreneurs for over 20 years.Then we recently published list of the richest people in the world, and we focus on a few areas, the first is self-made U40, self-made woman, then the health care top entrepreneurs and retail top entrepreneurs, today, we have to publish the top global real estate industry entrepreneurs, hope that through the story of these entrepreneurs, can bring you some inspiration,Stay aware of changes and trends in the global real estate industry.””Since the second half of last year, the Chinese real estate sector has been Mired in financial difficulties and sales have fallen due to weakening homebuyer confidence, further exacerbating their difficulties.However, as we can see from our list, there are more Chinese entrepreneurs in the top 100 in the global real estate industry than the rest of the world put together.””It may come as a surprise to many people that Hong Kong still has so many property entrepreneurs and the older generation of Hong Kong entrepreneurs still dominate the global top 10.Sixty percent of them hold commercial properties.””China’s urbanization rate has exceeded 60%, and 40% of our top 100 real estate companies are mainly engaged in property development and sales. We can see that there is still room for urbanization in the future.””On the whole, the real estate industry has been relatively stable for many years, and many people invested in real estate after the epidemic to fight inflation.””Some areas in First-tier cities in Hong Kong and Mainland China have already surpassed London and New York.””Seventy-one percent of the world’s top 100 real estate entrepreneurs are self-made and 29 percent inherited their wealth. The oldest families are three British real estate families whose ancestors bought or married properties in central London 300 years ago, which have appreciated as The city has grown.”The threshold for the top 10 of the hurun Global Real Estate Entrepreneurs List 2022 is 70 billion yuan.Eight are from China, one each from the UK and the US.Cheung Kong’s li Ka-shing, 94, and his family became the world’s richest in real estate with a fortune of 205 billion yuan, down 3 percent from last year.At present, Changshi Group holds a total of 17.6 million square feet of investment property portfolio, achieving revenue of HK $83.2 billion in 2021, up 17% year on year;Net profit attributable to shareholders was HK $21.2 billion, up 31% year on year.In March this year, Changshi sold “5 Broadgate” office building in London, UK, and its debt ratio was reduced to about 5%, with stable liquidity.Henderson Land’s 94-year-old Lee Shau Kee came in second with a fortune of 170 billion yuan, up 8 percent from last year.Henderson Land achieved revenue of HK $23.5 billion in 2021, down 6% year on year;Shareholders should account for HK $13.2bn of earnings, up 29 per cent year-on-year.On the Mainland, the company continues to look for investment projects in tier 1 and key tier 2 cities and currently owns about 8.1 million square feet of completed investment properties.Country Garden’s Yang Huiyan, 41, and her family came in third with a fortune of 165 billion yuan, down 21 percent from last year.In 2021, the real estate industry was Mired in financial difficulties. Although country Garden was inevitably affected, its performance and financial performance were among the top in the industry, with the annual contract sales amount of about 558 billion yuan.In the first half of 2021, Country Garden had a net debt ratio of 49% and a cash-to-debt ratio of 2.1.Wu Guangzheng, 76, and his family came fourth with a fortune of 115 billion yuan, up 38 percent from last year.As of June last year, Wilder Fung had more than 7m sq ft of land bank in Hong Kong and 2.6m sq m in China, with net book orders of HK $38bn in Hong Kong and HK $33bn in China.Longfor’s Wu Yajun, 58, and her family ranked fifth with a fortune of 105 billion yuan.Under the guidance of central policies, real estate enterprises gradually recovered from the market trust crisis and financing difficulties. Among the first batch of real estate enterprises to resume issuing bonds, Longhu and Country Garden are the only two private enterprises.In the first half of 2021, Longhu’s net debt ratio was 46%, and its asset-liability ratio after deducting advances was 68%.Wanda’s 68-year-old Wang Jianlin and his family tied for fifth place with a fortune of 105 billion yuan.Wanda Commercial Management applied to list on the Hong Kong Stock Exchange last October.In the first half of 2021, Wanda business management revenue of 10.6 billion yuan, core profit of 2.1 billion yuan.Hugh Grosvenor, 31, from Britain, ranked seventh with a fortune of 100 billion yuan, down 6 percent from last year.Hugh Grosvenor was the seventh Duke of Westminster.Hugh Grosvenor became a major shareholder in the Grosvenor Group in 2016 following the death of his father.He is the youngest real estate developer on the list.Donald Brune, 89, of Irvine, ranked eighth with a fortune of 95 billion yuan, up 3 percent from last year.Donald Brune is the richest real estate owner in the United States.Irvine owns more than 120 million square feet of real estate in Southern California.Joseph Lau, 71, of Chinese Properties, and his family ranked ninth with a fortune of 90 billion yuan, down 13 percent from last year.In 2021, The revenue of Chinese Property was HK $1.3 billion, down 57% year on year, with net profit loss of HK $3.5 billion.The net dividend reduction of investment in Evergrande is one of the main reasons for the performance to turn profit into loss.Li Hua, 56, ranked 10th with a fortune of 70 billion yuan, up 5 percent from last year.Since 2018, Joyo has taken the initiative to reduce leverage, reduce financing costs and other measures to adhere to the steady progress.Last year, the group’s sales exceeded 100 billion yuan for the first time, with a year-on-year growth of more than 20% and an annual recovery rate of 90%.Recently, Excellence became the first private real estate company to achieve dollar debt financing this year, with an interest rate as low as 2.9%.Where you live, you have the most wealth growth, the most wealth decline, the youngest women (ly: Hurun Report)