Li Ka Shing
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Li Ka Shing (李嘉誠 pinyin: Lǐ Jiāchéng, Jyutping: Lei5 Gaa1-sing4), is the wealthiest person in Hong Kong, and also the wealthiest person in East Asia and the wealthiest Chinese person.
Li acquired Hutchison Whampoa in 1979-1980 and is considered to be one of the most powerful figures in Asia and was named "Asia's Most Powerful Man" by AsiaWeek in 2000. That same year, Forbes listed his personal wealth at US $11.3 billion, putting him ahead of Rupert Murdoch. On February 26, 2004, Forbes ranked him as 19th richest man in the world at US $12.4 billion.
He was born in Chaozhou in the Guangdong Province, China in 1928. He is well known for his no-frills lifestyle, such as wearing cheap shoes and old watches. He also lacks a corporate jet or other luxurious amenities. It is also believed he has close ties with the People's Republic of China government and the senior officials, especially Jiang Zemin.
In 1940, the Li family fled to Hong Kong as the Japanese invaded China. After getting his first job as a watch strap salesman, he became a wholesale salesman at age 17, and a general manager at age 19.
In 1949, he founded a plastics company in Hong Kong, and was known for making a fortune in plastic flowers. In 1958, he made his first move into real estate and by 1971, had created Cheung Kong Real Estate Company (長江地產有限公司), named after the Cheung Kong (or Chang Jiang)-the longest river in China. That company would eventually acquire Hutchison Whampoa Limited in 1979 and Hongkong Electric Holdings Limited in 1985, creating a massive conglomerate in multiple industries.
In 1981, Li's donations resulted in the founding of Shantou University, near his hometown of Chaozhou.
His two sons Victor Li (李澤鉅) and Richard Li (李澤楷) are also major players in Hong Kong's business scene. Victor Li works directly with his father as managing director and deputy chairman of Cheung Kong (Holdings) Limited, while Richard Li is the head of Pacific Century Cyber Works, the largest telecoms company in Hong Kong.
Issues
1. Victor Li (李澤鉅) was kidnapped by a gangster named Cheung Chi Keung in 1996. The ransom was HK$1 billion and scared off the public. Several unconfirmed reports said that the China Government suggested Li's family shall not report the case to Hong Kong Police. After Cheung fleed into China, he was immediately arrested and accused of committing some other crimes. Cheung was later executed in the Mainland China, whereas he would only be life-sentenced if he was arrested in Hong Kong.
2. The death of his wife (莊月明) is a mystery. Officially, his wife died of disease. Others, notably Next Magazine, the best selling magazine in Hong Kong, linked up the case with suicide because of the private life of Li Ka Shing.
External Links
Li Ka Shing Foundation - founded by Li Ka Shing, dedicated to funding education and medical care.
zh:李嘉诚
