Kwong Siu-hing, or sometimes Kwok Kwong Siu-hing (;
born 2 December 1929), is the matriarch of the Kwok family. She controls the conglomerate
Sun Hung Kai Properties
Sun Hung Kai Properties Limited (SHKP; ) is a listed corporation and the largest property developer in Hong Kong as of 2019. The company is controlled by the Kwok family trust, largely the Kwok brothers. The Kwok family trust was set up by Kw ...
, the largest
property developer
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...
in Hong Kong as of 2019. As of 2008, Kwong effectively controls about 41.53% of SHK Properties' shares through a
family trust
A discretionary trust, in the trust law of England, Australia, Canada and other common law jurisdictions, is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in ...
, so she was deemed as the largest shareholder of the company, with a net worth of 12.1 billion dollars as of July 2020.
Family
Kwong is the widow of
Kwok Tak-seng, the founder of Sun Hung Kai Properties, and the mother of
Walter
Walter may refer to:
People
* Walter (name), both a surname and a given name
* Little Walter, American blues harmonica player Marion Walter Jacobs (1930–1968)
* Gunther (wrestler), Austrian professional wrestler and trainer Walter Hahn (born 19 ...
,
Thomas
Thomas may refer to:
People
* List of people with given name Thomas
* Thomas (name)
* Thomas (surname)
* Saint Thomas (disambiguation)
* Thomas Aquinas (1225–1274) Italian Dominican friar, philosopher, and Doctor of the Church
* Thomas the A ...
and
Raymond
Raymond is a male given name. It was borrowed into English from French (older French spellings were Reimund and Raimund, whereas the modern English and French spellings are identical). It originated as the Germanic ᚱᚨᚷᛁᚾᛗᚢᚾᛞ ( ...
, directors of the company. She moved from
mainland China
"Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...
to
British Hong Kong in 1947,
on the eve of the Second Chinese Civil War.
According to the ''South China Morning Post'', prior to her 2008 appointment as chairperson, she "had never sat on the board of a Hong Kong company".
[ On 27 May 2008, Kwong replaced her son Walter when he was ousted as chairperson of the company;][
The Kwok family was ranked as the third in Forbes's ''2017 Asia's Richest Families'', with a net worth of US$40.4 ]billion
Billion is a word for a large number, and it has two distinct definitions:
*1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English.
* 1,000,000,000,000, i. ...
. In a separate ranking, her sons Thomas and Raymond were collectively ranked as the fourth-richest in Hong Kong as of 2018 by the annual ''Forbes' Hong Kong's 50 Richest'' list;The World's Billionaires
''The World's Billionaires'' is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine ''Forbes''. The list was first published in March ...
'', with a net worth of US$16.5 billion at that time.
See also
* Four big families of Hong Kong § Other definitions, defining some notable families of Hong Kong, with membership changing from time to time.
References
{{DEFAULTSORT:Kwong, Siu Hing
1929 births
Living people
Hong Kong billionaires
Hong Kong women in business
People from Huadu District
Sun Hung Kai Properties people
Businesspeople from Guangzhou
Billionaires from Guangdong
Female billionaires