Tycoons like Lee and Li remain powerful, of course, but land development is no longer Hong Kong's leading wealth-creator.

CNN: Change Is in the Air

On an aftertax basis, it's safe to say that few of the U.S.' highest paid CEOS (see table, page 61) outearn Lee Shau-kee and Li Ka-shing.

FORBES: Capitalism is contagious

In addition to Singapore Technologies (run by the wife of Singapore's Deputy Prime Minister Lee Hsien Long), Time had been talking to Hutchison Whampoa (controlled by Hong Kong's Li Ka-shing), which has one of most enviable records in the world telecom business.

CNN: Business: SingTel Wins One At Last