On February 13, Bloomberg released the list of "Asia's 20 Richest Families in 2025", which determines the ranking by comprehensively calculating the total net assets of each family and all its branches.

Since the ranking excludes the first generation of entrepreneurial families and single heirs, families such as Li Ka-shing and Li Zhaoji, as well as mainland entrepreneurs Ma Huateng and Jack Ma, are not on the list.

In this ranking, a total of five families in Hong Kong are on the list, ranking second among Asian economies, second only to India (six families).

No. 5

Kwok family, $35.6 billion.

In 1972, Kwok Tak-seng listed Sun Hung Kai Properties, and since then the company has become one of the largest real estate developers in Hong Kong and laid the foundation for the Kwok family's wealth.

Today, its family wealth has been passed down to the third generation.

No. 12

Cheng family, $21.8 billion.

In 1929, Zhou Zhiyuan founded Chow Tai Fook Jewellery, which is also the foundation of the Cheng family's wealth. In 1970, his son-in-law Cheng Yutong founded New World Development Co., Ltd., expanding the family's territory to the real estate and infrastructure fields. The company has also become one of the largest real estate and infrastructure companies in Hong Kong.

To date, the family's wealth has been passed down to the fourth generation.

No. 14

Pao/Wu family, $19.6 billion.

Pao Yue-kong purchased his first ship, the "Golden Alpha", in 1955 and officially entered the shipping industry. By 1979, his company had the world's largest independent bulk carrier fleet at the time, becoming the "World Ship King".

In order to adapt to market changes, he used the proceeds from ship sales to enter the Hong Kong real estate market. Currently, a large part of the family's wealth comes from Hong Kong real estate developer Wheelock Group.

Currently, the family's wealth has been passed down to the third generation.

No. 16

Kadoorie family, $17.1 billion.

In the 1880s, David Sassoon Kadoorie and his brother Elias Sassoon Kadoorie came to Hong Kong, founded a brokerage company, and invested in various fields such as banking, real estate and power infrastructure, accumulating a large amount of assets.

Today, the Kadoorie family's important investments include CLP Holdings, the main power supplier in Kowloon and the New Territories, and the Hong Kong and Shanghai Hotels Limited, which owns well-known brands such as the Peninsula Hotel.

Currently, the family's wealth has been passed down to the fourth generation.

No. 20

Lee Kum Kee Lee Family, US$15 billion.

Lee Kum Sheung is the inventor of oyster sauce and founded the Lee Kum Kee brand, laying the foundation for the family's wealth. In 1992, the Lee Kum Kee family entered the health care products industry and established Lee Kum Kee Health Products Company.

In addition, the family also invests in real estate worldwide. The landmark "Walkie Talkie" building in London is one of the investment projects of the Lee Kum Kee family.

Today, the Lee family's wealth has been passed down to the fifth generation.

This list by Bloomberg not only reflects the latest trends in wealth inheritance in Asia, but also highlights the long-term influence of Hong Kong's wealthy families in industries such as real estate, jewelry, energy and food.

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