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Grizzly Bulls’ Billionaires Index

⬅ # 512 Robert Ziff|# 514 Gwendolyn Sontheim Meyer ➡

# 513 Raymond Kwok 

$6.26B

Real Time Net Worth
as of 5/17/2024
$4.8M (0.08%)

# 513 Raymond Kwok 

$6.26B

Real Time Net Worth
as of 5/17/2024
$4.8M (0.08%)
OccupationChair and Managing Director, Sun Hung Kai Properties
Source of WealthReal Estate
Age71
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Children3
EducationMA, Cambridge University; MBA, Harvard Business School
Age-Adjusted Net Worth$2.97B
Raymond Kwok
Raymond Kwok
Hong Kong
Net worth: $6.26B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Raymond Kwok Ping-luen JP (Chinese: 郭炳聯) was born in 1952 as the youngest son of Kwok Tak Seng, the founder of Sun Hung Kai Properties, the largest property developer in Hong Kong.
He holds a law degree from Cambridge University and an MBA from Harvard University.
Kwok has received honorary doctorates in Business Administration from the Open University of Hong Kong and in Laws from the Chinese University of Hong Kong.

Career and Business

Raymond Kwok has served as the chairman and managing director of Sun Hung Kai Properties since 2014.
He previously served as co-chairman before becoming chairman in 2014.
Under his leadership, SHKP has expanded into various sectors including telecommunications with SUNeVision Holdings Ltd. and SmarTone Telecommunications Holdings Limited.

Legal Issues

In March 2012, Raymond and his brother Thomas were arrested on bribery charges.
In December 2014, Raymond Kwok was cleared of all charges, while his brother Thomas was convicted of conspiracy to commit misconduct in public office.

Family and Succession

Raymond Kwok, along with his brothers, inherited Sun Hung Kai Properties after the death of their father Kwok Tak-seng in 1990.
His sons, Edward and Christopher, have been involved in the company with Edward serving as an alternate director and Christopher as an executive director.

Sun Hung Kai Properties (SHKP)

Overview: Sun Hung Kai Properties Limited (SHKP) is a listed corporation and one of the largest property developers in Hong Kong.

Diversified Business
SHKP's businesses include property sales, property rental, telecommunications (SmarTone, SUNeVision), hotel operation, transport and logistics, and others.
The company is controlled by the Kwok family trust, largely the Kwok brothers.

History
The predecessor of SHKP, Sun Hung Kai Enterprises Co., Ltd., was founded in 1963 by Kwok Tak-seng.
SHKP was incorporated on 14 July 1972 and listed on the Hong Kong stock exchanges on 23 August 1972.
Over the years, SHKP has undertaken significant projects in both residential and commercial sectors, becoming a key player in Hong Kong's property market.

How long would it take you to become as rich as Raymond Kwok?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Raymond Kwok's net worth of $6.26B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Raymond Kwok is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Raymond Kwok, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey