Kwong Siu-hing
Hong Kong billionaire; widow of the Sun Hung Kai Properties co-founder and its largest shareholder
| Kwong Siu-hing
| |
|---|---|
| Born | 2 December 1929 (Forbes) Huadu, Guangdong, China (Forbes) |
| Nationality | Hong Kong |
| Residence | Hong Kong |
| Occupation | Former chairman, Sun Hung Kai Properties |
| Known for | Largest shareholder in Sun Hung Kai Properties |
| Spouse(s) | Kwok Tak-seng (died 1990) |
| Children | Walter Kwok (died 2018), Thomas Kwok, Raymond Kwok |
Kwong Siu-hing (also known as Kwok Kwong Siu-hing; born 2 December 1929) is a Hong Kong billionaire and the widow of Kwok Tak-seng, co-founder of the property developer Sun Hung Kai Properties (SHKP).[1][2] Forbes describes her as the company's largest shareholder. She chaired SHKP from 2008 to 2011 after a feud between her sons.[1] On 10 November 2026 the Forbes Real-Time Billionaires list ranked Kwong Siu-hing 163rd in the world, with an estimated net worth of US$17.4 billion; Forbes lists the source of wealth as real estate.[1][3] In the annual World's Billionaires list published in 2026, Forbes had ranked Kwong Siu-hing 123rd, at US$20.7 billion.[4] In 2014 her son Thomas Kwok, then joint chairman, was jailed for five years in a bribery case involving Hong Kong's former Chief Secretary, Rafael Hui.[5]
Early life and family
Forbes says Kwong left Guangdong for Hong Kong in 1947 and married Kwok Tak-seng at the age of 20. He co-founded SHKP in 1958 with Fung King-hey and Lee Shau Kee. The company went public in 1972 and became one of Hong Kong's largest developers.[1] Her husband died in 1990. Their sons are Walter, Thomas and Raymond Kwok.[1][6]
According to the Asia Succession Review, the family's controlling block in SHKP has been held through discretionary trusts since before the founder died. Company disclosures name Kwong as the founder of those trusts and her three sons as beneficiaries. At 30 June 2008 the trustee was disclosed as interested in 42.49% of the company.[6] In September 2023 The Standard reported that the family had bought 1.61 million shares for HK$1.28 billion through a family trust. This raised Kwong's disclosed interest from 27.47% to 27.53%.[2] The sources differ on the size of the stake because they measure different things at different dates: the whole family trust block in 2008 against Kwong's disclosed interest in 2023.[6][2]
Chairmanship and family dispute
Forbes says Kwong chaired SHKP from 2008 to 2011 after her eldest son, Walter, was ousted in a feud with his brothers.[1] The Asia Succession Review reports that the board made the change on 27 May 2008. Kwong became chairman and a non-executive director, and Walter was made a non-executive director. In September 2010 the trustee removed Walter from the trusts, and in January 2014 the family wrote his branch back in.[6] Walter Kwok died in Hong Kong on 20 October 2018.[6] Raymond has been sole chairman since Thomas's imprisonment.[1]
Bribery case
The Asia Succession Review says Hong Kong's Independent Commission Against Corruption (ICAC) arrested Thomas and Raymond Kwok on 29 March 2012.[6] On 23 December 2014, according to the ICAC, Thomas Kwok, then joint chairman of SHKP, was jailed for five years. Rafael Hui, former Chief Secretary for Administration, was also convicted, and SHKP executive director Thomas Chan was jailed for six years. The trial judge said: "To know that the former No 2 in government has received bribes must be a deep disappointment to many people in Hong Kong."[5] Raymond was acquitted.[6] Forbes says Thomas was released in 2019.[1]
Wealth
Forbes lists real estate as the source of her wealth and classes it as inherited and growing.[1]
Wealth history
Forbes has included this entry in its annual World's Billionaires list in 8 of the editions from 2001 to 2026 checked for this profile, starting with 2019. The table gives the rank and estimated net worth in each annual list.[4][1]
| Year | World's Billionaires rank | Net worth (US$ bn) |
|---|---|---|
| 2019 | 78 | 15.1 |
| 2020 | 103 | 11.9 |
| 2021 | 138 | 14.7 |
| 2022 | 149 | 12.6 |
| 2023 | 126 | 14.1 |
| 2024 | 165 | 12.0 |
| 2025 | 189 | 12.6 |
| 2026 | 123 | 20.7 |
Political activity
No public political donations or statements by Kwong were found in the sources checked.
International and political links
This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."
Israel (investments, operations, donations, contracts, statements)
No documented involvement found in sources checked.
Zionist or pro-Israel organisations and lobbying groups
No documented involvement found in sources checked.
Jewish communal charities
No documented involvement found in sources checked.
Gulf states
No documented involvement found in sources checked.
China
Kwong was born in Guangdong and moved to Hong Kong in 1947. SHKP is one of Hong Kong's largest developers.[1] The 2014 bribery case involved a former Chief Secretary of the Hong Kong government.[5]
Russia
No documented involvement found in sources checked.
India
No documented involvement found in sources checked.
Palestinian or Arab causes
No documented involvement found in sources checked.
Home government
No documented involvement found in sources checked.
Other international links
No documented involvement found in sources checked.
See also
External links
Notes
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 Forbes, Forbes profile record for Kwong Siu-hing (Forbes data feed behind forbes.com/profile/kwong-siu-hing/) Forbes, live record, read 10 November 2026, accessed 10 November 2026.
- ↑ 2.0 2.1 2.2 The Standard, Kwoks buy back $1.2b shares The Standard (Hong Kong), 13 September 2023, accessed 10 November 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 10 November 2026 17:20 UTC, accessed 10 November 2026.
- ↑ 4.0 4.1 Forbes, Forbes World's Billionaires list data feed, annual editions 2001–2026 (one file per year at this path with the year substituted; all 26 files downloaded and read) Forbes, annual lists; downloaded 20 October 2026, accessed 10 November 2026.
- ↑ 5.0 5.1 5.2 Independent Commission Against Corruption, Ex-Chief Secretary and three others jailed for bribery and misconduct ICAC (press release), 23 December 2014, accessed 10 November 2026.
- ↑ 6.0 6.1 6.2 6.3 6.4 6.5 6.6 Asia Succession Review, Sun Hung Kai: the trust held the company; it could not hold the brothers Asia Succession Review, 2 September 2026, accessed 10 November 2026.