Li Ka-shing’s profile picture

Li Ka-shing

Chairman, CK Hutchison Holdings
Li Ka-shing’s profile picture
Net worth 2018: $34.29 Billion
Industry: Diversified
Residence: Chaozhou
Country: Hong Kong
BirthDay: 29 July 1928
Sigh: Leo
Height: 1.74 m
Children: 2
Education: Drop Out, High School
BIOGRAPHY

Li Ka-shing was bornon 29 July 1928 in Chaozhou, Hong Kong, is Chairman, CK Hutchison Holdings. Li Ka-shing is #22 in List Billionaires People In The World. Hong Kong's richest person, Li Ka-shing is one of the most influential tycoons in Asia, with interests in everything from ports, utilities and telecom to real estate and retail. His companies employ over 310,000 people in more than 50 nations. He's been shifting much of his focus to Europe, where he invested more than $28 billion over five years. More recently he invested in Postal Savings Bank of China and also announced a more than $5 billion deal to acquire Australian electricity and pipeline company Duet. His rags-to-riches story is legendary: Li and his family fled China for Hong Kong during the Sino-Japanese war. Not long after their arrival Li's father, who had been a primary school principal in China, died from tuberculosis. At age 12 Li quit school and started as an apprentice in a watch-strap factory. By 14 he was working full-time in a plastics trading company. He eventually quit to start his own business making plastic toys and everyday items, and later plastic flowers.

NET WORTH STATISTIC
2009

$16.2 Billion

2010

$21 Billion

2011

$26 Billion

2012

$25.5 Billion

2013

$31 Billion

2014

$31 Billion

2015

$33.3 Billion

2016

$27.1 Billion

2017

$31.2 Billion

2018

$34.29 Billion

The burden of poverty and this bitter taste of helplessness and isolation sort of branded on my heart forever the questions that still drive me.

Li Ka-shing
TIMELINE
2018

As of January 2018, Li is 23rd richest person in the world, with an estimated net worth of US$36

2017

Li then tried to laugh it off and said "maybe in 2017 they will have one-person-one-vote to choose the chief executive, I probably just said it a little early

2015

Li came under attack from Global Times in early 2015, when his companies put out word that it was considering selling prime Shanghai and Beijing properties

2013

In 2013 a claim was lodged by the Australian Tax Office (ATO) against Cheung Kong Infrastructure (CKI) to pay approximately A$370 million in unpaid tax, penalties and interest relating to tax disputes concerning SA Power Networks and Victoria Power Networks

2012

In August 2012, Li acquired a stake in Ginger Software Incorporated

2011

On 4 August 2011 at the interim results announcement for Hutchison Whampoa, Li endorsed Henry Tang for the forthcoming chief executive election

2009

Some time between late 2009 and early 2010, Li Ka-shing led a $15

2006

In 2006 Li sold 20% of Hutchison's ports business to Singapore rival PSA Corp

1999

Huge profits were obtained in the sale of its interest in Orange to Mannesmann Group in 1999, making a profit of $15

1991

He was also Deputy Chairman of HSBC Holdings in 1991–1992

1990

In the 1990s he wore a $50 HKD timepiece from Citizen Watch Co

1984

In 1984, the company also moved its legal domicile from Hong Kong to another British overseas territory – Bermuda, in anticipation of the transfer of sovereignty of Hong Kong to People's Republic of China in 1997

1980

Li was the non-executive director of The Hongkong and Shanghai Banking Corporation since 1980 and became Deputy Chairman of the bank in 1985

1979

In 1979, with help from HSBC, Li controlled the Hutchison Whampoa Company Limited, which increased Cheung Kong Holdings control to 12% of the world container port facilities, especially in Hong Kong, Canada (Vancouver), China, the United Kingdom, Rotterdam, Panama, Bahamas and many developing countries

1977

The successful bid by Cheung Kong for development sites above the Central and Admiralty MTR stations in 1977 was the key to challenging Hongkong Land as the premier property developer in Hong Kong

1972

Cheung Kong Holdings was publicly listed in Hong Kong Stock Exchange in 1972

1971

In 1971, Li officially named his real estate development company Cheung Kong (長江實業), named after Cheung Kong, (Chang Jiang or the Yangtze River) the longest river in China

1967

An opportunity to acquire more land arrived after the 1967 riots when many people fled Hong Kong, and, as a result, property prices plummeted

1958

In 1958, believing rents would continue to rise, Li decided to purchase a site and develop his own factory building

1950

In 1950, after learning how to operate a plant, Li founded a plastic manufacturing company in Hong Kong with personal savings and funds borrowed from relatives

1928

Li Ka-shing was born in Chaozhou in Guangdong province, China, in 1928 to Teochew parents

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