This story is part of Forbes' most abundant 2025 report on Hong Kong. See the full list here.

Crystal International, a clothing tycoon Kenneth Lo, provides telescopes of up to 470 million pieces of clothing to brands such as Uniqlo, Gap, Lululemon and Victoria's Secret every year, is the biggest winner in the percentile this year.

His wealth surged by nearly two-thirds to $1.8 billion, in line with the rise in Crystal stock. The company attributes this improved performance to the end of the disaster cycle between customers and the increased demand for sportswear, private clothing and sweaters.

Since June last year, Crystal has increased its workforce by 14% to 80,000 in more than 20 manufacturing sites in five countries: Vietnam, China, Cambodia, Bangladesh and Sri Lanka, a diversified base that can cope with tariff risks.

LO – The Erd brothers of billionaire Law kar Po, No. 12 – His wife Yvonne founded Crystal in 1970 and made sweaters with a small number of sewing machines and looms. They serve as chairman and vice-chairman respectively, while son Andrew, 59, is vice-chairman and CEO.