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Li Ka-Shing Biography, Age, Houses, Assets, Cars, Height, Career & Net Worth

Businessman Li Ka-Shing, who was born in Hong Kong, has a $31 billion fortune. Ka-Shing is one of the top 40 wealthiest persons on the earth as of this writing. The majority of Li Ka-fortune Shing’s comes from his ownership positions in different businesses, notably the Hong Kong conglomerate CK Hutchison Holdings, the Canadian oil firm Husky Energy, and the real estate development company Cheung Kong Property Holdings. CK Hutchison brings in more than $36 billion annually.

In addition, Li is a committed philanthropist who is in charge of the second-largest private foundation in the world after the Bill & Melinda Gates Foundation. He restructured his businesses in 2015, and as a result, he currently owns 30% of CK Hutchison and Cheung Kong Property. His other holdings include Hutchison Telecom Hong Kong and Cheung Kong Infrastructure.

Li also contributed to the early growth of the Zoom video conferencing startup. He controls 6.6 per cent of the online video platform. Despite his enormous riches, Li Ka-Shing is well known for his unassuming demeanour and look. He favours plain, uncomplicated clothing and an affordable but dependable Seiko watch.

Li Ka-Shing

Li Ka-Shing

Li Ka-Shing Bio/Wiki

Birth NameLi Ka-Shing
Nick NameSuperman
Age93 (as in 2022)
ReligionBuddisim
Sun Sign/Zodiac SignLeo
Birth PlaceChaozhou, Guangdong Province, China
Date of Birth29 July 1928
NationalityHong Kong
HobbiesLikes to show people his hobby of saving, and often mentions his cheap Seiko watches and Citizen watches that he has worn for several years

Family

Mother's NameCheung Bik-chin
Father's NameLi Yun-ching
BrotherLi Jiazhao
SisterLi So-wah

Girlfriends/Affairs

Affairs/GirlfriendsN/A

Marital Status, Wife and Children

Wife/SpouseChong Yuet Ming
ChildrenRichard Li,
Victor Li Tzar-kuoi

Education

SchoolN/A
College/UniversityN/A
ProfessionEntrepreneur, Ship owner, Business person, Investor, Philanthropist

Height, Weight, and Figure Measurements

Height (Approx.)5 feet 8 inches
Weight (Approx.)Not known

Extra Ordinary Features

Race / EthnicityAsian
Hair ColorBlack
Eye ColorBlack
S*xual OrientationStraight

Favourite Things

Favourite FoodStewed goose
Favourite BookNA
Favourite ColorsNA
Favourite SportGolf
ControversiesHe was accused of “harboring criminality”,

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Early Life

On June 13th, 1928, in Chao’an, Chaozhou in the Chinese province of Guangdong, Sir Li Ka-Shing was born. Li and his family were refugees who escaped to Hong Kong during the Sino-Japanese conflict. Ka-Shing started working at age 15 to help his family following his father’s death from TB. Before founding his own business in 1950, he put in 16 hours a day for a plastics trade company.

Cheung Kong Industries initially started making plastics, but it swiftly grew to include real estate investing. CK Industries had a listing on the Hong Kong Stock Exchange by 1972. Li grew his company by purchasing firms like Hutchison Whampoa and Hong Kong Electric Holdings Limited in the late 1970s and early 1980s.

Li Ka-Shing Personal Life

Victor Li and Richard Li, his two sons, are well-known personalities in the Hong Kong business community. Richard Li is the chairman of PCCW, the largest telecom business in Hong Kong, while Victor Li is the chairman of CK Hutchison Holdings and CK Asset Holdings Limited. Victor Li succeeded his father in these roles. They are both citizens of Canada. He is a Buddhist and has a granddaughter called Michelle Sarah Li Se-de who attended the Chinese International School in Hong Kong.

He was married to his first cousin, Chong Yuet-Ming (1933-1990), for a long period, a marriage that lasted for 27–28 years from 1962 until her sudden death on New Year’s Day 1990 due to a suspected drug overdose. She was the daughter of his maternal uncle, Cheung Jing-on, and his wife, Hew Bik-yin, who were both from the Chaoshan region but had settled in British Hong.

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Li Ka-Shing Controversies

Cheung “Big Spender” Tze-Keung, a known Hong Kong criminal, abducted Li’s son Victor in 1996. Li decided to directly pay the $1 billion ransom requested by Cheung. Ka-Shing never submitted a police report, and the Mainland authorities took up the inquiry. Police in mainland of China ultimately apprehended Cheung and put him to death. Some claim Li purposely let the Mainland police handle the case since the death penalty would not have been permitted under Hong Kong law.

Over the years, Li has had disagreements with Mainland Chinese political leaders. Despite having spent most of his life siding with Beijing, Ka-Shing subsequently appealed for peace amid the 2019–20 Hong Kong riots, urging the government to deal with the demonstrators without injury or violence. Later, he came under fire from China’s state-run media organizations for making debatable remarks of a different kind.

To skew his portfolio more in favour of the West, he sold off prominent properties in Beijing and Shanghai in 2015, which drew criticism from the Chinese media. Some outlets said that Li’s acts were “immoral” and unappreciative, which escalated the charges to a serious level.

Li Ka-Shing Education

Li started his career in Hong Kong as a salesperson without much formal schooling. He later founded the plastics business Cheung Kong. When Cheung Kong started creating fake flowers and selling them to the US in the 1950s, the business grew rapidly. Li became Hong Kong’s top private developer in the late 1970s as his company grew and he started buying property at a rate.

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Professional Career

Plastics Manufacturing

Li established a plastic manufacturing business in Hong Kong in 1950 using personal savings and money borrowed from family members after learning how to run a factory. Before deciding to offer plastic flowers of the highest calibre and at competitive costs to the globe, Li examined trade journals and business news with a passion. Li picked up the skill of blending color with synthetic flowers that seem like genuine ones.

He retooled his business and hired the best experts he could locate to get the facility ready for a big international buyer’s visit. The customer placed a sizable purchase after being pleased with Li’s plant’s quality. A few years later, Li became Asia’s top provider of plastic flowers and became extremely wealthy from selling them.

Real Estate

In 1958, Li decided to buy a plot of land and build his manufacturing building because he thought rents would keep going up. After the 1967 riots, when many people left Hong Kong and property values fell, a chance to buy additional land presented itself. Li purchased land from the emigrating inhabitants at a discount because he thought the political situation would pass quickly and real estate values would soon rise.

Li gave his real estate development business the name Cheung Kong in 1971. In 1972, Cheung Kong Holdings became a publicly-traded company on the Hong Kong Stock Exchange. Li has often said at board meetings that he wants to overtake Jardines’ Hongkong Land as a top developer.

Retail

The A.S. Watson Group (ASW), a retailer with more than 15,000 outlets, is a CK Hutchison company. Its portfolio includes retail brands in Europe like Superdrug (UK), Marionnaud (France), and Kruidvat (Benelux countries), as well as brands in Asia like PARKnSHOP supermarkets (and spin-off brands), Fortress electrical appliance stores, and health and beauty retailer Watson’s store and wine cellars et al. In the area, ASW also manufactures and sells beverages and water products.

Asset Trading

The CK Hutchison company has a solid reputation as a skilled asset dealer. When shareholder value could be made, it grows new enterprises and divests them. It made a profit of $15.12 billion when it sold its ownership stake in Orange to Mannesmann Group in 1999. In 2006 Li made a $3.12 billion profit on a $4 billion deal by selling 20% of Hutchison’s port division to rival PSA Corp. of Singapore. 

In a joint venture, a mobile operator in India called Hutchison Essar, a group subsidiary of Hutchison Telecommunications sold a controlling 67 per cent stake to Vodafone for $11.1 billion.

Australian Tax Dispute

The Australian Tax Office (ATO) filed a claim against Cheung Kong Infrastructure (CKI) in 2013 for the payment of almost 370 million Australian dollars in unpaid tax, fines, and interest related to tax disputes involving SA Power Networks and Victoria Power Networks.

When CKI and the ATO reached an agreement, the case was settled in 2015. No fine was imposed on CKI, and the A$64 million that CKI had previously paid to the ATO was repaid to CKI in the amount of about A$24 million.

Internet And Technology

Li has also ventured into the technology sector, investing in doubleTwist and dedicating his investment and venture capital firm Horizons Ventures to supporting new internet and technology startup companies.

His other business, the Li Ka Shing Foundation, put an estimated $50 million into the music streaming service Spotify and paid $120 million for a 0.8 per cent share in the social networking site Facebook. For Siri Inc., Li Ka-Shing oversaw a $15.5 million Series B round of funding somewhere in late 2009 or early 2010.

Others

In addition to conducting business through his two leading firms, CK Asset Holdings, and CK Hutchison Holdings Limited, Li Ka-Shing has personally made significant real estate investments in Singapore and Canada.

Up to the selling of his shares in 2005, he was the only largest stakeholder in the Canadian Imperial Bank of Commerce (CIBC), the fifth-largest bank in Canada (with all proceedings donated, see below). Additionally, he holds a controlling stake in Husky Oil, a significant energy firm with headquarters in Alberta, Canada. In 2021, Cenovus purchased Husky, and Li now controls 27.2% of the combined business.

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Li Ka-Shing Net Worth

The majority of Li Ka-fortune Shing’s comes from his ownership positions in businesses including Canadian oil giant Husky Energy, Hong Kong conglomerate CK Hutchinson Holdings, and real estate developer Cheung Kong Property Holdings. He restructured his businesses in 2015, and as a result, he currently owns 30% of CK Hutchinson and Cheung Kong Property. He also owns Hutchinson Telecom Hong Kong and Cheung Kong Infrastructure.

Li also contributed to the early growth of the Zoom video conferencing startup. His Zoom investment is valued at over $6.5 billion.

Estimated Net Worth in 2022 (Approx)$31 billion
Estimated Net Worth in 2021 (Approx)NA
Estimated Net Worth in 2020 (Approx)NA
Annual SalaryNa

Assets

Houses
Li Ka-Shing House in Hong Kong

Li Ka-Shing House in Hong Kong

Yachts
Li Ka-Shing Nicole Tan

Li Ka-Shing Nicole Tan

Jets
Li Ka-Shing Cessna 750

Li Ka-Shing Cessna 750

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Li Ka-Shing Family

Li Ka-Shing is a widower. He married Chong Yuet Ming in 1963, and she passed away in 1990. Victor Li and Richard Li, his two sons, are also well-known businesspeople in their own way.

Li Ka-Shing Family

Li Ka-Shing Family

FAQs

How much is the net worth of Li Ka-Shing?
$31 billion

Who is Li Ka-Shing’s wife?
Chong Yuet Ming

What is Li Ka-Shing’s age?
93 years

What is the name of the Li Ka-Shing firm?
Cheung Kong Limited

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