Li-Ka Shing Net Worth and Bio: The Story of Hong Kong's Richest Man
Li-Ka Shing, a self-made billionaire, is a household name in the world of business. He is a prominent figure in the global economy and a renowned philanthropist. Born in China, Mr. Shing started his career as a factory worker at an early age. Despite facing financial struggles and setbacks, he persevered and made his fortune in the real estate industry.
With a net worth of over $30 billion, Li-Ka Shing is one of the wealthiest people on the planet. His business empire extends to multiple sectors, including real estate, infrastructure, energy, technology, and retail. He is the founder of CK Asset Holdings, CK Hutchison Holdings, and CK Infrastructure Holdings, which are among the largest companies in Hong Kong.
Aside from his massive success in business, Li-Ka Shing is a respected philanthropist. He is a firm believer in giving back to society and has donated billions of dollars to various causes worldwide. His charitable efforts include funding research in medicine, supporting education initiatives, and helping communities in need.
In this article, we will delve deeper into the life and accomplishments of Li-Ka Shing. From his early days to his rise as a business mogul, we will explore his journey to success and uncover the key factors that made him the man he is today. We will also shed light on his philanthropic efforts and how his generosity has impacted millions of lives around the world.
Li-Ka Shing's Biography and Net Worth
Li-Ka Shing, a Hong Kong businessman and entrepreneur, is one of the richest people in Asia and the world. He has an estimated net worth of billions of dollars, making him a billionaire. His source of wealth is in the property development, infrastructure, and energy sectors, among others.
| Name: | Li-Ka Shing |
| Net Worth: | Billions of dollars |
| Age: | In his 90s |
| Born: | China |
| Gender: | Male |
| Height: | Unknown |
| Country of Origin: | Hong Kong |
| Source of Wealth: | Property development, infrastructure, energy, and other sectors |
Li-Ka Shing's success story is a testament to hard work, determination, and innovation. He started his journey by working in a plastics factory, and eventually became one of the wealthiest people in the world. His philanthropic activities are also noteworthy, as he has donated millions of dollars to various causes and initiatives worldwide.
Key Facts
Business Empire
Li-Ka Shing is a Hong Kong business magnate and philanthropist known for his vast business empire. His companies are involved in various industries such as real estate, infrastructure, retail, and telecommunications.
Wealth
Li-Ka Shing is considered one of the wealthiest people in Asia, with a net worth estimated at $30 billion as of 2021. He is also ranked as one of the richest people in the world.
Philanthropy
Li-Ka Shing has a strong commitment to philanthropy, and he has donated billions of dollars to various causes, including education and healthcare. He has also established the Li-Ka Shing Foundation, which supports various charitable initiatives around the world.
Early Life
Li-Ka Shing was born in Chaozhou, China, in 1928. He grew up in poverty and started working at an early age to support his family. At the age of 15, he moved to Hong Kong to work in a plastics factory.
Business Career
Li-Ka Shing started his business career in the 1950s, when he founded Cheung Kong Industries, which manufactured plastic toys. Over the years, he expanded his business empire, acquiring companies and investing in various industries.
Awards and Honors
Li-Ka Shing has received numerous awards and honors throughout his career, including the Grand Bauhinia Medal, the highest award in Hong Kong. He has also been recognized for his philanthropy, receiving the Carnegie Medal of Philanthropy and the Clinton Global Citizen Award.
Early Life
Li-Ka Shing was born in Guangdong, China in 1928. He grew up during a turbulent time in China's history – a time of political and economic turmoil that left many families struggling to make ends meet. Despite these challenges, Li-Ka Shing showed a talent for business from an early age.
When he was just 15 years old, he left school to work in a factory, earning just a few cents each day. However, he quickly rose through the ranks and became a manager by the time he was 19.
In 1949, Li-Ka Shing moved to Hong Kong, where he continued to work in the manufacturing industry. He started his own plastics company in 1950, laying the foundation for his future business empire.
Despite his success as an entrepreneur, Li-Ka Shing never forgot his humble beginnings. He has been an active philanthropist throughout his life, donating millions of dollars to education, healthcare, and community development initiatives.
Career
Li Ka-Shing started his career in the plastics industry as a salesman at a young age. He eventually started his own plastic manufacturing company, Cheung Kong Industries, which became one of the largest plastic manufacturers in Hong Kong.
Li Ka-Shing expanded his business ventures to other industries, including real estate and energy. Through his company, Hutchison Whampoa, he invested in and acquired various companies in the telecommunications, ports, and retail industries.
Li Ka-Shing's net worth skyrocketed during the 1990s due to his astute investments and business acquisitions. In 2018, he retired from his position as chairman of CK Hutchison Holdings and CK Asset Holdings, passing on his business empire to his son, Victor Li.
Throughout his career, Li Ka-Shing has been known for his philanthropy. He has donated millions of dollars to various causes, including education, healthcare, and disaster relief efforts. In 1980, he established the Li Ka-Shing Foundation, which has since donated over HK$26 billion to various charities and institutions.
Li-Ka Shing's Spending Habits
As one of the richest men in the world, Li-Ka Shing has a significant amount of wealth to manage. His net worth is estimated to be around $31 billion. With this immense wealth, he has been known to invest in various businesses and industries such as real estate, energy, and retail.
Despite his vast riches, Li-Ka Shing isn't known for living a lavish lifestyle. He's been reported to be a frugal spender, often choosing to wear simple clothing and opting for economy class when flying. He's also well-known for his charitable donations. In 2018, he donated $4.5 million to support disaster relief efforts in Japan.
Li-Ka Shing is also an advocate for education. He's donated millions of dollars towards educational institutions and has even established his own university in Hong Kong. The Li Ka Shing Institute of Health Sciences was founded with the aim of promoting innovation in medical research and education.
Additionally, Li-Ka Shing is dedicated to promoting green energy. His company, CK Renewable Energy Limited, invests in various green energy projects such as wind and solar power. He's also heavily involved in the development of electric vehicles and has invested in companies that produce electric cars.
Overall, Li-Ka Shing's spending habits reflect his dedication to philanthropy and his commitment to promoting sustainable and innovative industries.
Highlights
Li-Ka Shing is a business magnate and philanthropist from Hong Kong who has an estimated net worth of $30 billion.
- He is the founder of CK Hutchison Holdings, one of the largest conglomerates in the world.
- Li-Ka Shing started his entrepreneurial journey by selling plastic flowers at the age of 15.
- He is known for his business acumen and ability to turn around struggling companies.
- Li-Ka Shing has donated billions of dollars to charitable causes, including education and medical research.
- His philanthropic efforts have earned him numerous awards, including the Carnegie Medal of Philanthropy and the Grand Bauhinia Medal.
Li-Ka Shing has also been recognized for his leadership and vision. In 2019, he was named one of the 100 most powerful people in the world by Forbes.
| Net Worth | $30 billion |
|---|---|
| Occupation | Business Magnate and Philanthropist |
| Founder of | CK Hutchison Holdings |
Favorite Quotes from Li-Ka Shing
"Success is achieved by ordinary people with extraordinary determination."
Li-Ka Shing emphasizes the importance of hard work and persistence in achieving success. He believes that it is not just intelligence or talent that leads to success, but rather the determination to keep pushing forward.
- "Don't let small details get in the way of big goals."
- "You must be fast, focused, and flexible in order to succeed."
Li-Ka Shing values efficiency and adaptability in achieving goals. He believes that small setbacks should not hinder progress and that a quick and focused approach is necessary to achieve success.
| Favorite Quote | Meaning |
|---|---|
| "Money is not everything, but everything needs money." | Li-Ka Shing understands the importance of money in achieving one's goals. While he recognizes that money is not the only factor in life, he believes that having financial stability can provide the means to pursue other meaningful endeavors. |
Famous Success Lessons from Li-Ka Shing
1. Hard work and perseverance can take you far.
Li-Ka Shing started his career working in a plastics factory and selling secondhand goods. He put in long hours and was not afraid to take on new challenges. He eventually established his own business, which grew to become one of Hong Kong's leading conglomerates.
2. Always be willing to learn and adapt.
Li-Ka Shing was known for his keen insight into market trends and his ability to adapt to changing circumstances. He recognized early on the potential of the property market in Hong Kong and invested heavily in real estate, building his fortune in the process.
3. Be innovative and think outside the box.
Li-Ka Shing was a pioneer in the use of technology in the workplace and was constantly looking for new ways to improve efficiency and productivity. He also recognized the importance of corporate social responsibility and was an early advocate for sustainable development.
4. Strong leadership and attention to detail are essential.
Li-Ka Shing was known for his hands-on approach to business and his attention to detail. He also placed great importance on developing strong leadership skills, which were crucial in managing his large and diverse business empire.
5. Give back to the community.
Li-Ka Shing has been a generous philanthropist throughout his career, donating billions of dollars to various charitable causes. He recognized the importance of giving back to the community and used his success to make a positive difference in the world.
Interesting Facts About Li-Ka Shing
1. Li-Ka Shing was born in China in 1928. He grew up in poverty and had to work hard from a young age to help support his family.
2. Li-Ka Shing started his career as a factory worker. He worked in a plastics factory before starting his own company in the 1950s.
3. Li-Ka Shing is a self-made billionaire. He started his own real estate company and has since expanded into many other areas, including retail, energy, and telecommunications.
4. Li-Ka Shing is known for his philanthropy. He has donated billions of dollars to various charities and causes around the world, including education, healthcare, and disaster relief.
5. Li-Ka Shing is the second richest person in Asia. According to Forbes, his net worth is currently over $29 billion.
- Some of Li-Ka Shing's notable achievements include:
- Being awarded the Grand Bauhinia Medal by the Hong Kong government for his contributions to the city
- Being named the Most Generous Person in the World by Forbes magazine in 2015
- Being inducted into the Asia Game Changer Hall of Fame in 2017
Summary
Largest net worth in Asia is owned by one of the most prominent business magnates - Li-Ka Shing. His worth is estimated to be over $31 billion.
He was born in Guangdong, China, and was once one of the poorest in his hometown. He started his business ventures in the construction industry and then expanded to other sectors in Hong Kong and beyond.
Over the years, he has owned and managed multiple companies such as CK Hutchison Group, CK Asset Holdings, and more. He is also a prominent philanthropist, known for donating millions to charity and various education initiatives.
Li-Ka Shing's wealth has made him an influential figure not only in Asia but on the global business and economic scene.
Video:
Li Ka Shing - Billionaire Documentary - Investments, Entrepreneurship, Real Estate, Hong Kong
Li Ka Shing - Billionaire Documentary - Investments, Entrepreneurship, Real Estate, Hong Kong by CK Media 5 years ago 23 minutes 59,393 views
FAQ:
What is Li-Ka Shing's net worth?
Li-Ka Shing's net worth is estimated to be $33.7 billion.
What is Li-Ka Shing's background?
Li-Ka Shing was born in 1928 in Guangdong, China, and moved to Hong Kong at the age of 12. He started his career as an apprentice at a plastics factory and eventually started his own plastic manufacturing company.
What businesses does Li-Ka Shing own?
Li-Ka Shing owns a diversified group of companies, including property development, infrastructure, energy, and telecommunications companies. Some of his notable businesses include CK Asset Holdings, CK Hutchison Holdings, and CK Infrastructure Holdings.
What philanthropic activities has Li-Ka Shing been involved in?
Li-Ka Shing is known for his philanthropic activities, donating billions of dollars to various causes such as education, healthcare, and disaster relief. He has also set up his own Li Ka Shing Foundation, which focuses on supporting education and healthcare initiatives.
