2. Hong Kong, 79 billionaires (+2) (click here)
Total net worth: $355.5 billion
Richest resident: Conglomerate kingpin Li Ka-shing, $31.7 billion
Housing prices in the city have quadrupled since the Great Recession, thanks to its government’s tight grip on supply. The booming market has vaulted the fortunes of developers like Lee Shau Kee and Peter Woo, and 29 Hong Kong billionaires (and half of its top-ten richest) count real estate as their chief source of wealth. But a correction may be imminent—a Citigroup survey says that 57% of Hongkongers anticipate a drop in residential real estate prices during
2019. June 9, 2019
Hong Kong — Hundreds of thousands of protesters (click here) marched through Hong Kong on Sunday to voice their opposition to government-sponsored legislation that would allow people to be extradited to mainland China to face charges. The peaceful protest turned violent early Monday morning when several hundred protesters stormed Hong Kong's parliament and clashed with police.