History has witnessed the success stories of many people who have profited massively from real estate. Here are just a few of the world’s most successful real estate moguls, based on the latest Forbes Billionaire List.
1. Yang Huiyan & Family
Ranked 42th on Forbes Real-Time Billionaire List, Yang Huiyang has a net worth of US$ 32 billion earning from real estate investment. She is a businesswoman and a property developer who is now the richest woman in Asia. Huiyan’s enormous wealth can be attributed to her inheritance from her father’s (Yang Guoqiang) stake from the real estate company Country Garden, founded in 1977, where she is now a major shareholder.
2. Lee Shau Kee
Lee Shau Kee’s life is a real rags-to-riches story. He had a poor upbringing in Hong Kong that could afford to eat fish or meat only twice a month. In 1976, he started Henderson Land Development - the property giant now makes up the bulk of his wealth and co-founded Sun Hung Kai Properties Limited with Kwok Tak-Seng, one of Hong Kong's billionaire Kwok brothers. The majority of his wealth comes from real estate investments, with an incremental net worth of US$ 28 billion as of now. One of his famous sayings is “When I was young, business came first, then wealth, then health and finally family. Now it's health first, then family, then my business, and lastly wealth.”
3. Hui Ka Yan
With the accumulating wealth of US$ 26.6 billion, Hui Ka Yan is ranked 56th on Forbes Billionaire List Real-Time. He started off working as a technician in a steel factory for 10 years after graduating from college in 1982. 14 years later, Hui started Evergrande in Guangzhou and began buying and collecting low-priced properties in small markets. Much of his fortune now can be attributed to smart decisions he made in real estate investment. He is now the chairman of Hong Kong-listed Evergrande Group, which has over 800 projects in more than 280 cities.
4. Zuo Hui
Little do you know that Zuo Hui was the trailblazer in the notion of selling homes to individual buyers in China’s nascent real estate market back in 2000. After graduation from Beijing University of Chemical Technology, he took a series of sales jobs in insurance and other industries. After that, thanks to the advent of Beijing’s reforms that encouraged individual ownership of property in 1998, he found a niche in business activity and established Beijing Lianjia (now is Homelink), at first just a traditional brokerage 2 years later. Today, Zuo is the chairman of Homelink - China's largest real estate brokerage firm. Other investors in Homelink include the gaming giant Tencent and agricultural conglomerate New Hope Group. He is ranked 99th on Forbes Billionaire Real-Time List with a net worth of US$ 19.5 billion.
5. Peter Woo
Woo was born in Shanghai and moved to Hong Kong in 1949. After graduating, Woo worked at Chase Manhattan Bank in New York and Hong Kong in 1972. His diversified interests are reflected in his businesses, focusing on real estate development that scattered in Hong Kong, China, and Singapore. The group owns several investment properties such as Harbour City and Times Square in Hong Kong, as well as operating other businesses such as i-Cable Communications, Wharf New T&T, Modern Terminals Limited, and Marco Polo Hotels. Besides that, he also owns LCJG - the high-end luxury retail group, which includes Lane Crawford and the premier fashion house, Joyce. He is ranked 111th on Forbes Billionaire Real-Time List with an accumulating wealth of US$ 17.5 billion.
After witnessing these real-life examples, Broad Avenue Team hopes you will still keep faith in your own journey to success in real estate. Although this type of investment is not an easy process where we could expect overnight success; however, the fruits harvested from this type of investment are usually sweet, as Barbara Corcoran once said: “A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.”
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