Kwong Siu-hing
Kwong Siu-hing | |
|---|---|
| Born | December 2, 1929 Mainland China |
| Occupation | Businesswoman |
| Known for | Matriarch of the Kwok family; control of Sun Hung Kai Properties |
Kwong Siu-hing, also known as Kwok Kwong Siu-hing (; born 2 December 1929), serves as the matriarch of the Kwok family and holds control over Sun Hung Kai Properties, which was recognized as Hong Kong's leading property developer in 2019. By 2008, she had effective control of approximately 41.53% of SHK Properties' shares via a family trust, positioning her as the principal shareholder. Her net worth was estimated at $12.1 billion in July 2020.
Family
Kwong is the widow of Kwok Tak-seng, the founder behind Sun Hung Kai Properties, and is mother to directors Walter, Thomas, and Raymond. She relocated from mainland China to British Hong Kong in 1947.
Prior to her appointment as chairperson in 2008, Kwong had no experience serving on any Hong Kong corporate boards. On 27 May 2008, she succeeded her son Walter as chairperson following his removal; she later resigned from this role in late 2011. The relationship between Walter and his brothers was marked by intense conflict, ultimately leading to a division of the family's wealth.
In Forbes's 2017 Asia's Richest Families list, the Kwok family held third place with a collective net worth of US$40.4 billion. According to Forbes' 2018 rankings, Thomas and Raymond were the fourth wealthiest individuals in Hong Kong, sharing a combined net worth of US$16.5 billion. Walter was positioned tenth in Hong Kong and ranked 190th worldwide by Forbes, with an estimated fortune of US$8 billion. As of February 2019, Kwong herself was ranked 78th on the Billionaires list and fifth among Hong Kong's top 50 richest people, with a net worth of US$15.1 billion.
Walter Kwok passed away on 20 October 2018.
See also
- Four big families of Hong Kong § Other definitions, which describes prominent Hong Kong families with changing memberships.