Although Hong Kong is not the biggest city in China, it is the richest one.

According to Hong Kong' 40 Richest of 2011 published by Forbes earlier this year, the 40 richest people in Hong Kong are worth $163 billion, up from $135 billion but still below the 2008 peak of $178 billion. By comparison, the 40 richest on the Chinese mainland are worth $137 billion.

In this year's ranking, Li Ka-shing, Kwok family, and Lee Shau Kee are the richest individuals in Hong Kong.

The Hong Kong rich list measures fortunes that are shared among extended families, using shareholding and financial information obtained from the families and individuals, stock exchanges and analysts. Stock prices and exchange rates were locked in Dec. 17, 2010. Private companies were valued based on comparisons with prevailing earnings or other financial ratios.

The followings are the top 40 richest individuals in Hong Kong in 2011:

   Harindarpal Banga

Harindarpal Banga

2011 Net Worth (US$): 1.00 billion

2010 Net Worth (US$): 890 million

Age: 60

Enterprise: Noble Group

Title: vice-chairman

Main focus: commodity

 

   George Wong

George Wong

2011 Net Worth (US$): 1.05 billion

2010 Net Worth (US$): 1.05 billion

Age: 59

Enterprise: Chyau Fwu Group

Title: chairman

Main focus: real estate