10 richest billionaires in real estate

US, WASHINGTON (ORDO NEWS) — Real estate has always been an important area for investment, and many rich people do not miss the opportunity to invest in real estate in order to obtain high incomes.

Hurun China Research Institute has published a ranking of the richest billionaires in real estate.

In total, Hurun Global Real Estate Rich List 2020 ranked 256 billionaires from around the world. This is 17 more than last year. The state of each of them exceeds $ 1 billion.

China has 139 billionaires on the list. In the USA and Great Britain – 34 and 17, respectively.

Below we will talk about the 10 richest billionaires in real estate.

10. Yao Zhenhua

Yao Zhenhua heads the Baoneng Group, a group of companies working in the real estate and finance sectors. The company was founded in 1992. The headquarters is located in the Chinese city of Shenzhen.

9. Hugh Grosvenor

A young British billionaire and seventh Earl of Westminster, Hugh Grosvenor owns the Grosvenor Group in real estate management.

8. Donald Bren

Donald Bren is an American entrepreneur, owner and chairman of the board of Irvine Company. His company specializes in the development of residential complexes, which include not only residential real estate, but also related infrastructure.

7. Thomas Lau

Thomas Lau, or Lau Luen-hung, is one of the owners of Chinese Estates Holdings, which is one of the largest operators of office, retail and residential real estate in Hong Kong.

6. Cheng Kar-shun

Cheng Kar Shun is one of the owners of New World Development Company Limited, a major operator of real estate and transportation services. The company is headquartered in Hong Kong.

5. Wang Jianlin

Wang Jianlin is the owner of the Wanda Group conglomerate, which was founded in 1988. The company is a major developer of residential, commercial, office real estate, and also owns amusement parks, museums and other real estate.

4. Yang Huiyan

It is not the first year that Yang Huiyan has been the richest woman in China. She owns Country Garden Holdings.

3. Lee Shawki

Lee Shawki is the owner of Henderson Land Development, one of the largest real estate operators in Hong Kong. In addition, his company has a network of subsidiaries in areas such as the hotel business, construction, retail and others.

2. Lee Kashin

Lee Kashin runs CK Hutchison Holdings, which is considered one of Hong Kong’s largest construction firms. In addition, the conglomerate Lee Kashin has a high market share in retail and mobile communications.

1. Hu Jin

Hu Jin is a Chinese entrepreneur and chairman of the board of Evergrande Group. His company is a multidisciplinary holding, his main interests are in the field of residential real estate management. The company was founded in 1996.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.