Xin Lang Cai Jing·2025-10-28 11:40Core Insights - The Hu Run Research Institute released the "2025 Hu Run Rich List," highlighting the wealth and ranking changes of various families and individuals in Hong Kong and beyond [1][2]. Company Overview - The Michael Kadoorie family, with a wealth of 445 billion RMB, ranks 126th on the list, showing a wealth increase of 1 billion RMB, or 2%, but a drop of 36 places in ranking [1][2]. - The family's core asset, CLP Holdings Limited, is the largest electricity supplier in Hong Kong, providing stable financial support for the family's wealth [1][2]. Financial Performance - CLP Holdings reported a revenue of 90.964 billion HKD, reflecting a year-on-year growth of 4.35%, and a net profit attributable to the parent company of 11.742 billion HKD, which is a significant increase of 76.44% [2][3]. Industry Position - CLP Holdings has been a key player in the Chinese energy market since the late 1970s, investing in various energy sectors including nuclear, wind, solar, hydro, and coal-fired power generation [3]. - The company has invested approximately 50 billion HKD in mainland China, becoming one of the largest foreign investors in the energy sector, with over 50 power generation projects across 15 provinces [3]. Family Legacy - Michael Kadoorie has been involved in family business management since 1964 and has held leadership positions in CLP Holdings and the Hong Kong Shanghai Hotels Group [3]. - The fourth generation of the Kadoorie family is gradually taking over, with Michael Kadoorie's son, Philip Kadoorie, stepping into significant roles within the company [3].