Li Ka-shing is a Hong Kong business magnate, investor, and philanthropist. He is one of the richest men in Asia. The Li Ka-shing Foundation supports education, healthcare, culture, and community-related causes. Li is regarded as one of Asia’s most generous philanthropists after having donated $1.2 billion
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This article is about the founder of Cheung Kong Holdings. For the vice-chairman of Henderson Land Development, see
Martin Lee Ka Shing.
Sir Ka-shing Li,
GBM,
KBE,
[3] JP (born 29 July 1928 in
Chaozhou, China)
[4][5] is a
Hong Kong business magnate, investor, and philanthropist. According to
Forbes, as of August 2017 Li is the 4th richest person in Asia, with an estimated net worth of US$34.0 billion.
[6][7][8] He is currently the
chairman of the board for
CK Hutchison Holdings; through it, he is the world's leading port investor, developer, and operator, and the largest health and beauty retailer in Asia and Europe.
[9]
Li is one of the most influential entrepreneurs in Asia, presiding a business empire with a diverse portfolio of businesses from a wide array of industries, including transportation, real estate, financial services, retail, and energy and utilities.
[10] His conglomerate company
Cheung Kong Holdings is influential in many sectors of the Hong Kong economy and makes up 4% of the aggregate market capitalisation of the
Hong Kong Stock Exchange.
[11]Forbes Magazine and the
Forbes family honoured Li Ka-shing with the first ever "Malcolm S. Forbes Lifetime Achievement Award" on 5 September 2006, in Singapore.
[12] In spite of his wealth, Li has cultivated a reputation for leading a frugal
no-frills lifestyle, and is known to wear simple black dress shoes and an inexpensive
Seiko wristwatch. He continues to live in the same house as he has for decades, which has now become one of the most expensive districts in Hong Kong,
Deep Water Bay in
Hong Kong Island. Li is also regarded as one of Asia's most generous philanthropists, donating over US$2.56 billion to charity and other various philanthropic causes.
[13] Li is often referred to as "
Superman" in Hong Kong because of his business prowess.
[14][15]
Li Ka-shing was born in
Chaozhou in Guangdong province, China, in 1928 to
Teochew parents. Due to his father's death, he was forced to leave school before the age of 15 and found a job in a plastics trading company where he worked 16 hours a day. In 1950 he started his own company, Cheung Kong Industries.
[16] From manufacturing plastics, Li developed his company into a leading real estate investment company in Hong Kong that was listed on the
Hong Kong Stock Exchange in 1971. Cheung Kong expanded by acquiring Hutchison Whampoa and
Hongkong Electric Holdings Limited in 1979 and 1985 respectively.
[17]
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