Behind every billionaire there is a story!

Tycoons who aim to keep it in the family

 Hong Kong, the 10 richest families have a total estimated net worth of more than US$120bn, as calculated by Forbes. Half of them, including Li Ka-shing, Asia’s richest man and chairman of Cheung Kong Holdings and Hutchison Whampoa, are over 70.Hong Kong has always been captivated by the lavish lifestyles of its tycoons – many made their fortunes in the property sector, a backbone of the economy.

Glossy magazines carry page upon page of stories about where they live, whom they date, what they wear and which balls they go to.

There is also an increasing interest in a massive transfer of wealth currently under way in corporate Hong Kong.

Sir Run Run Shaw, the centenarian founder of Television Broadcasts, Hong Kong’s dominant TV station, is in talks to sell a 26 per cent stake in the company

read the rest published by FT here:

http://www.ft.com/cms/s/0/bd1916dc-43d7-11dd-842e-0000779fd2ac.html