THE DAILY TELEGRAPH: Rocked by a wave of scandals, Hong Kong's legendary generation of tycoons are increasingly becoming the objects of public derision on the island.In their heyday, the entrepreneurs built Hong Kong into one of the most successful cities on earth and established near total control over the property, shipping and retail industries.
But over the past year, the city's residents seem to have lost patience with the greed and arrogance of the tycoons and a series of scandals has tarnished their legacy.
On Sunday, the 44 year-old son of Li Ka-shing, the richest man in Asia, became the latest man to find himself splashed across the media when his 22-year-old partner announced she was leaving him.
Isabella Leong Lok-si, an actress who bore twin sons to Richard Li last June, said she was ready for a "new chapter" in her life.
Mr Li is the chairman of PCCW, Hong Kong's largest telecommunications company. His father has a fortune of more than £13 billion. >>> Malcolm Moore, Hong Kong | Sunday, February 27, 2011
