Hong Kong’s richest family and Asia’s second-richest family, with a net worth of over $38 billion. The Kwok family owns Hong Kong’s largest real estate developer, Sun Hung Kai Properties. The company was founded in 1972 by Kwok Tak-seng.
Brothers Walter, Raymond and Thomas Kwok inherited the business from their father in 1990. The eldest, Walter, served as the company’s Chairman and CEO and was later the victim of a well-publicised kidnapping in 1997. He was ousted from the business in 2008 by his family, leaving brothers Thomas and Raymond to serve as the company’s Co-Chairmen. Raymond became Sun Hung Kai’s sole Chairman after Thomas was convicted of bribery in 2014. Raymond’s mother, Kwok Siu-hing, holds the largest stake of the family’s company.
Walter Kwok died in 2018 after amicably reuniting with his family. His sons, Geoffrey and Jonathan, took over Empire Group Holdings, a property developer that Walter founded after he left Sun Hung Kai. The brothers own one-third of the Kwok family’s five trusts. Geoffrey is a member of Sun Hung Kai Properties’ board.
