Li Ka-shing

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Li Ka-shing, Stanford 2010
Li Ka-shing Tower of Hong Kong Polytechnic University , Kowloon 2013

Li Ka-shing ( Chinese  李嘉誠  /  李嘉诚 , Pinyin Lǐ Jiāchéng , Jyutping Lei 4 Gaa 1 sing 4 ; born June 13, 1928 in Chaozhou , Guangdong Province ) is a trading entrepreneur and investor in Hong Kong . In 2019, Forbes Magazine valued his net worth at $ 29 billion, making it 28th on the list of the richest people in the world .

Life

Li Ka-shing fled his native southern China from the Japanese occupiers in his youth and went to Hong Kong. At the age of 13, his father died and he had to leave school. He worked as a factory apprentice to support his family. There he worked very diligently and rose quickly.

He founded his first company called Cheung Kong Holdings ( 長江 實業  /  长江 实业  - "Cheung Kong means Long River ") at the age of 19. The company made plastic flowers from plastic and exported mainly to the United States . After only 12 years, the company had annual sales of 10 million Hong Kong dollars . Li Ka-shing increased wealth by skillfully investing the profits in land and real estate. He owns shares in the largest container ports around the world (including Hong Kong, China, Rotterdam, Panama and the Bahamas). In 1972 he floated Cheung Kong Holdings, and in 1979 he became the majority shareholder of Hutchison Whampoa Limited . Its companies account for around a third of the market capitalization of the Hong Kong Stock Exchange . In Germany he has a 40 percent stake in the drugstore chain Rossmann . Since 2015, through the restructuring and incorporation of Cheung Kong Holdings, he has been CEO of CK Hutchison Holdings together with Hutchison Whampoa .

He contributed 100 million Hong Kong dollars to finance a building on the grounds of the Hong Kong Polytechnic University . The Li Ka-shing Tower is home to the Marketing and Logistics departments. The younger of his two sons Richard Li invested half a billion dollars in the US insurance company AIG and acquired, among other things, the Bulgarian telecommunications company Vivacom .

Li Ka-shing is a multi-billionaire and one of the richest people in the world. At the end of 2019, his net worth was approximately $ 29 billion. This puts Li Ka-shing in 28th place (at that time still just under 32 billion US dollars) on Forbes' list of the world's richest in 2019.

In March 2018, Li Ka-shing announced that he would be retiring on May 10, 2018 after the general meeting of his company, CK Hutchison Holdings. His successor as chairman and managing director will be his eldest son Victor Li. Li Ka-shing will continue to be available as a consultant for his company.

Web links

Individual evidence

  1. ↑ Silobreaker: Biography for Li Ka-Shing ( English ) In: Silobreaker . September 26, 2006. Archived from the original on January 6, 2009. Retrieved June 3, 2019.
  2. ↑ Super-rich - Asia's legendary billionaire Li Ka-shing retires at 89. Retrieved April 11, 2019 .
  3. ^ Finn Mayer-Kuckuk: An entrepreneur with a good sense , Handelsblatt , August 2, 2010.
  4. ↑ Li Ka-shing . In: Forbes . ( forbes.com [accessed December 29, 2019]).
  5. ↑ Super-rich - Asia's legendary billionaire Li Ka-shing retires at 89. Retrieved April 11, 2019 .
personal data
SURNAME Li Ka-shing
ALTERNATIVE NAMES 李嘉誠 (Chinese)
BRIEF DESCRIPTION Chinese entrepreneur in Hong Kong
DATE OF BIRTH June 13, 1928
PLACE OF BIRTH Chaozhou , Guangdong