Spare a thought for Hong Kong’s property tycoons, who saw their wealth shrink slightly in 2020 amid an economic recession caused in part by the pandemic that battered the city.
Overall, though, the wealth of the city’s richest people grew 7.5% to $331 billion, according to the latest Forbes ranking of the region’s super-rich, even as the local economy contracted 6.1%, its worst showing since 1998.
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