US, WASHINGTON (ORDO NEWS) — Real estate has always been an important area for investment for people of many levels of income. The act of buying, selling, and renting is a pleasure for some and a full-time job for others. For the more wealthier investors hiring top-quality agents or a real estate photographer is often a no-brainer decision, their wealth so vast that they can afford all of the trimmings. Indeed, many rich people do not miss the opportunity to invest in real estate in order to obtain higher incomes.
Hurun China Research Institute has published a ranking of the richest billionaires in real estate. Everyone dreams of making a fortune selling property and the people on this list have done exactly that. If you are ready to take the plunge in real estate, you may wish to visit a website like www.carolinaauctionrealty.com/selling-information/ in order to find out more details on this subject.
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.