Hong Kong has seen its ranks of super-rich swell to a record 3,335, according to the latest survey by Wealth-X and UBS, with one of the striking features being that women make up one-fourth of the list.
Of the total number of ultra-high net worth individuals in the city, 840 are women, translating to a proportion of 25.2 percent, the highest in the world and nearly 13 percentage points more than the global average, Apple Daily noted.
The Wealth-X and UBS World Ultra Wealth Report 2014 that was released Wednesday defines super-rich individuals as those having at least US$30 million in net assets.
In terms of the total number of super-rich people, Hong Kong takes the 13th spot in the world, and was next to Japan, China and India in Asia. The United States tops the list.
Mykolas Rambus, chief executive of Wealth-X, was quoted as saying that the high ratio of super-rich women in Hong Kong stems from not only the city’s unique position on the international stage but also less restrictions imposed on women here due to a more globalized commercial environment. He predicted that the ratio of super-rich women will continue to climb in the future.
MGM China Holdings (02282.HK) co-chairperson Pansy Ho, daughter of Macau casino tycoon Stanley Ho, tops the list of the super-rich women in Hong Kong and takes the ninth spot overall among the wealthiest people in the city, with net assets worth US$6.8 billion.
The next rank among the super-rich women was taken by the two daughters of Nan Fung Development’s deceased founder Chen Din-hwa. The sisters together own US$3.7 billion and were ranked 11th overall in Hong Kong.
Other super-rich women in the city include Angela Leong On Kei, executive director of Macao gaming operator SJM and the fourth “wife” of Stanley Ho; and Eleanor Kwok Law Kwai Chun, vice chairperson of Sa Sa International.
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