Li Ka-shing
Li Ka-shing
Sir Li Ka-shing GBM KBE JP[3] (born 13 June 1928)[4][5] is a Hong Kong
business magnate, investor, and philanthropist. As of June 2019, Li is the
30th richest person in the world, with an estimated net wealth of
US$29.4 billion.[2] He is the senior advisor for CK Hutchison Holdings[6] and CK
Asset Holdings, after he retired from the Chairman of the Board in May 2018;
[7] through it, he is the world's leading port investor, developer, and operator of
the largest health and beauty retailer in Asia and Europe.[8]
Li was one of the most influential entrepreneurs in Asia, presiding over 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.[9] His conglomerate company Cheung Kong Holdings was
influential in many sectors of the Hong Kong economy and made up 4% of
the aggregate market capitalisation of the Hong Kong Stock Exchange.
[10] 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.[11] In spite of his wealth, Li cultivated a reputation for leading a
frugal no-frills lifestyle, and was known to wear simple black dress shoes and
an inexpensive Seiko wristwatch. He lived in the same house for decades, in
what 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 billions of dollars to charity
and other various philanthropic causes, and owning the second largest
private foundation in the world after Bill & Melinda Gates Foundation.[12][13] Li
was often referred to as "Superman Li" in Hong Kong because of his
business prowess.[14][15]
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