Li Ka-shing net worth
Current Net Worth – $37 Billion (USD – 3,700 Crores), (Rupees – 28.7 Lakh Crores)
Li Ka-shing short biography
| Net Worth | $37 Billion |
|---|---|
| Born | June 13, 1928 (Age – 93) |
| Identified as | Chairman of Li Ka shing Foundation |
| Status | Hong Kong Business Magnate & Investor |
| Education | High School, Drop Out |
| Nationality | Hong Kong |
| Residence | Hong Kong |
| Spousal status | Widowed (Chong Yuet Ming M. 1963; Died 1990) |
| Children | 2 |
Li Ka-shing has a net worth of $37 Billion (Rupees – 2,87,461 Crores), making him one of the richest men in the world after Daniel Gilbert, Klaus-Michael Kuehne, and Zhang Yiming.
He is a philanthropist, investor, and business mogul from Hong Kong.
With an estimated net worth of US$29.4 billion as of June 2019, Li is the world’s 30th richest person.
In May 2018, Li stepped down as chairman of CK Hutchison Holdings and CK Asset Holdings, while he remains a senior advisor.
He is the world’s biggest port investor, developer, and operator of Asia’s and Europe’s largest health and beauty stores.
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Li Ka-shing biography
| Full Name | Li Ka-shing |
| Birthplace | Guangdong, China |
| Height | 5.8 feet, 176 cm |
| Weight | 65 Kg |
| Father | Li Yun-jing |
| Mother | Zhuang Bi-qin |
Li was born on June 13, 1928, to Teochew parents in Chao’an, Chaozhou, Guangdong Province.
As a result of the Sino-Japanese conflict, Li and his family moved to Hong Kong in 1940.
Li Ka-shing, often known as Superman, is regarded as one of Asia’s most powerful businesspeople.
He resided in the same property for decades in Deep Water Bay on Hong Kong Island, which has since become one of the most expensive areas in Hong Kong.
Education
Li was forced to quit school before the age of 15 due to his father’s death from TB, and he found work at a plastics trade firm, where he worked 16 hours a day.
Career
Li started a plastic manufacturing firm in Hong Kong in 1950 using personal savings and money borrowed from his family after learning how to manage a factory.
Before deciding to offer the globe high-quality plastic flowers at affordable rates, Li devoured trade journals and business news.
The customer was so impressed with Li’s plant that he made a huge purchase. Li went on to become Asia’s largest supplier of plastic flowers and made a fortune selling the flowers a few years later.
Li grew his company from a plastics manufacturer to a major real estate investment firm in Hong Kong, which was listed on the Hong Kong Stock Exchange in 1972.
In 1979 and 1985, Cheung Kong acquired Hutchison Whampoa and Hongkong Electric Holdings Limited, respectively.
Real estate business
Li chose to buy land and build his own industrial building in 1958, thinking that rents would continue to climb. Following the 1967 riots, when many people evacuated Hong Kong, an opportunity to buy additional land arose, and property values dropped.
Li decided to sell The Center, Hong Kong’s fifth-tallest skyscraper.
Asset Trading
The CK Hutchison Group is known for being a skilled asset dealer. It creates new firms and then sells them when there is a chance to increase shareholder wealth.
The sale of its shareholding in Orange to Mannesmann Group in 1999 resulted in massive earnings of $15.12 billion.
Li made a $3.12 billion profit on a $4 billion deal when he sold 20% of Hutchison’s sports division to Singapore competitor PSA Corp. in 2006.
Technology career
Li has also ventured into the technology sector, with his investment and venture capital firm Horizons Ventures focusing on new internet and technology startup companies, including purchasing a share in doubleTwist.
Horizons Ventures invested in Summly, a webpage summary app, in 2011. With the investment, Summly’s creator, Nick D’Aloisio, became the world’s youngest individual to receive a venture capital investment at the age of fifteen.
Horizons Ventures invested $30 million in Zoom Video Communications in a Series C investment round in February 2015.
Private & early life
Victor Li and Richard Li, two of his sons, are also well-known businessmen in Hong Kong.
Victor Li took over as Chairman of CK Hutchison Holdings and Chairman of CK Asset Holdings Limited after his father.
Richard Li became Chairman of PCCW, Hong Kong’s largest telecom firm.
They are both citizens of Canada. Michelle Sarah Li Se De, his granddaughter, attended the Chinese International School in Hong Kong. He is a Buddhist devotee.
In 1996, his son Victor Li was abducted by mobster “Big Spender” Cheung Tze-keung on his way home from work.
Cheung had gone to Li Ka-residence shing’s and demanded a ransom of HK$1 billion, which Li Ka-shing paid straight to him.
The Hong Kong police never received a report. Instead, Mainland officials continued the case, which resulted in Cheung’s execution in 1998, which was not possible under Hong Kong law.
Li and the Mainland were rumored to be working out an agreement. When this rumor was brought up in interviews, Li shrugged it off and utterly ignored it.
Well-dressed
Li is well-known for being dressed casually for a Hong Kong businessman. He wore simple ties and a $50 HKD Citizen Watch Co. watch in the 1990s. He then switched to a Seiko watch. He wore a Citizen watch for $500 HKD in 2016.
Philanthropy
Some charities by Li
Li is known as one of Asia’s most generous philanthropists, having given billions of dollars to charity, as well as controlling the world’s second-biggest private foundation, behind the Bill and Melinda Gates Foundation.
- The Li Ka Shing Foundation was founded in 1980 with the goals of promoting education, medical services, and research.
- Following a HK$100 million contribution to the Hong Kong Polytechnic University, the newest tower was named after Li in September 2001.
- Li donated HK$1 billion (US$128 million) to the University of Hong Kong’s Faculty of Medicine in 2005.
- Li Ka-shing gave SGD$100 million to the Lee Kuan Yew School of Public Policy at the National University of Singapore on March 9, 2007.
- Li Ka-shing established the Li Ka-shing Institute of Virology at the University of Alberta with a C$28 million donation.
- The Li Ka Shing Foundation gave $3 million (A$3.75 million) to the University of Melbourne Centre for Cancer Research (UMCCR) in Australia for precision oncology in 2017.
- Food Angel, a charity that delivers hot meals to those in need, received HK$10 million from Li Ka Shing in 2018.
Over $3.3 billion has been contributed by his Li Ka shing Foundation, with over 80% of it going to Greater China.
Awards
- Knight Commander of the Order of the British Empire.
- Grand Bauhinia Medal.
- Commandeur, Légion d’honneur.
Net worth statistics
- March 2012 – $25.5 B
- March 2013 – $31. 0 B
- March 2014 – $31.0 B
- March 2015 – $33.3 B
- March 2016 – $27.1 B
- March 2017 – $31.2 B
- March 2018 – $34.9 B
- March 2019 – $31.7 B
- April 2020 – $21.7 B
- April 2021 – $33.7 B
- April 2022 – $34.8 B
Li Ka-shing Quote
“I was once an employee myself, so I know what employees want.”
– Li Ka-shing
