The sons of Kwok Tak-seng have a net worth of $5.1 billion. Their wealth comes from Sung Hung Kai properties which is the largest property developer in Hong Kong. The group of companies has employed over 38,000 people.
The three brothers inherited their father, Kwok Tak-Seng’s company in 1990s following his death. The siblings spent a decade fighting for their father’s wealth. Their father was Hong Kong businessman. He died of heart attack at the age 79. At the time of his death, he had a fortune of $1 billion.
Sun Hung Kai Properties was established in Hong Kong in 1972. In 1980, the company participated in development of China Hotel in Guangzhou. In 1981 they opened The Royal Garden, 1984 opened Town Plaza. In 1986, the company became the first developer to provide house hold appliances such as air conditioners in Tsuen King Gardens.
In 1993, the Kwok family established SmarTone Communications Holdings Ltd. It was the first GSM mobile communications operator in Hong Kong.
In 2003, Two IFC building owned by the family became the tallest building in Hong Kong.
Thomas and Raymond are Christians and they are responsible for building of an evangelical theme known as Noah’s Ark on Ma Wan Island in Hong Kong.
The family has made the wealth from real estate. They own shopping malls, offices, hotels, serviced suites and residential properties.
Raymond Kwok has been chairman of the company since December 2011. He has worked with the Group of companies for 45 years.
These real estate properties are found in Mainland China and Hong Kong. The company’s properties have become the country’s landmarks.
The family has also invested in telecommunications, Information Technology, business Aviation located at Hong Kong international Airport, and infrastructure.
Airport freight forwarding is another area they have invested in. They have over 1.6 million square feet of premium warehouse and office space at the airports.
They own 36.4 million feet square of completed real estate properties and 21.6 million square feet under construction.
The Group of Companies own 11 million square feet of office space for leasing. These offices are located in prime areas suitable for local and international companies. Their office buildings include: International Commerce Cenntre, One IFC and Two IFC, Central Plaza, Millenium City 1, Millenium City 2, Millenium City 5, Millenium City 6, Metroplaza, 26 Nathan Road, World Trade Centre and Grand Century Place among others.
The group of companies own 12.2 million square feet of retail space across Hong Kong in various shopping malls. The group owns New Town Plaza, IFC Mall, Moko, The Sun Arcade, apm, Yoho Mall, Landmark North, Metroplaza, Tai Po Mega mall, East Point City, V City, Tsuen Wan Plaza, Home Square, V Walk, Harbour North, Mikiki, Pop Walk, K-Point, Park Central, wwwtc mall, Metropolis Plaza, Uptown Plaza, New Jade Shopping Arcade and many others.
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