Li Ka-shing: Phone King Is Business 'Superman'

Written By Unknown on Sabtu, 24 Januari 2015 | 11.46

Li Ka-shing has a fortune currently estimated by financial information firm Forbes at about $35bn (£23bn).

His sprawling ports-to-retail global conglomerate operates in more than 50 countries. Here's a look at the life of Asia's richest man:

:: Humble Upbringing

Born in 1928 in Chiu Chow, a coastal city in the southeastern part of China. At the age of 12 he was forced to quit school and fled to Hong Kong with his family to avoid war.

Before he was 15, Li's father died and the teenager faced the prospect of providing for his family. He found a job in a plastics firm where he worked for 16 hours a day. But by the 1950s he had pursued a venture making and exporting plastic flowers to the US and started his own company, Cheung Kong Industries. 

:: Lifestyle

In spite of his wealth, Li has cultivated a reputation for leading a no-frills lifestyle, and is known to wear simple black dress shoes and an inexpensive Seiko wristwatch.

However, his house is in one of Hong Kong's most expensive precincts, Deep Water Bay in Hong Kong Island.

The 86-year-old is said to remain physically fit by rising before 6am every day and playing golf for an hour and a half. He also uses a treadmill for 15 minutes at noon.

:: Wealth

The 86-year-old self-made entrepreneur is Hong Kong's richest person, and has been so for more than 15 years. His sprawling ports-to-retail global conglomerate operates in more than 50 countries.

Because of his wealth, he is regarded as a celebrity and national hero, and even has a wax statue at Madame Tussauds Hong Kong (the only non-artist to have one in Hong Kong).

:: Business

Li is often referred to as "Superman" in Hong Kong because of his business prowess.

From manufacturing plastics in the 1950s, Mr Li led and developed his company into a leading real estate investment company in Hong Kong that was listed on the Hong Kong Stock Exchange in 1972.

It acquired Hutchison Whampoa and Hongkong Electric Holdings Limited in 1979 and 1985 respectively.

Mr Li is the Chairman of Cheung Kong (Holdings) Ltd, the flagship of the Cheung Kong Group which has business operations in over 50 countries around the world and employs over 280,000 staff.

:: Entrepreneur

He has donated more than $1.41bn to date to charity and other various philanthropic causes and has received an Honorary Doctorate from Cambridge University among other education establishments.

In 1980 Mr Li established the Li Ka-shing Foundation, with the aims of nurturing a new culture of giving, supporting education reform and advancing medical research and services. A year later he founded Shantou University, the only privately-funded public university in China.

:: Like Father...

Mr Li has two sons. The elder, Victor, is deputy chairman of Hutchison Whampoa Ltd and holds several other business roles, while the younger son Richard is chairman of PCCW, one of Asia's leading information and technology and telecommunications companies.


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