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Li Ka-shing  

Chairman of Ck Hutchinson & Cheung Kong Property, Respected Philanthropist

Sir Ka-shing Li, GBM, KBE, JP is a Hong Kong business magnate, investor, and philanthropist. As of September 2017, Li is one of the wealthiest people in Asia, with an estimated net worth of US$34.4 billion. 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.

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

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. 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.


Li Ka-shing to Plan Retirement by Next Year, WSJ Reports ...

Billionaire Li Ka-shing told associates that he plans to retire by next year as chairman of his flagship CK Hutchison Holdings Ltd., the Wall Street JournalĀ ...

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