Milestones", "JARDINE OF HONG KONG PLANS SHIFT TO BERMUDA", "Billionaire Pares Real Estate Holdings With Sale of Hong Kong Skyscraper", "Li Ka-shing to sell stake in HK skyscraper for record $5.2bn", "Mr. Li Ka-shing buys a substantial shareholding in HWL from the Hongkong and Shanghai Bank, thus becoming the first Chinese to take control of a British-style 'hong, "Hong Kong "Superman" Li Ka-shing cashes in", Spotify Li Hutchinson Markets Equities Technology", Li Ka-shing ups Facebook stake to $120 million, Li Ka-shing foundation buys Facebook stake, "British teenage designer of Summly app hits jackpot", "Li Ka-Shing Acquires Stake in Language Company Ginger", "Peripheral bitcoin services like BitPay safer investment than bitcoin: economist", "Fast-Growing Zoom Raises $30 Million for Online Video Conferencing", "Impossible Foods Raises a Whopping $108 Million For Its Plant-Based Burgers", "Blockstream Announces $55 Million Series A Investment Bringing Total Capital Raised to $76 Million", "Expa opens up Expa Labs giving companies $500K in funding", "Li Ka-shing, Jack Ma Join Forces to Bring Digital Wallet to Hong Kong", "Hong Kong tycoon Li Ka-shing retires shy of 90th birthday", "Billionaire tycoon Li Ka-shing retires, hands control of empire to son", "Hong Kong's Richest, Li Ka-shing, Announces Plans To Retire After 68 Years", "Why Hong Kong's Richest Man Wears a $500 Watch", "Kidnapper of Li Ka-shing's son rang tycoon to ask where he should invest HK$1billion ransom. 娟), announced her divorce from 67-year-old millionaire Wu Zicheng (吳志誠) yesterday. [29] Some time between late 2009 and early 2010, Li Ka-shing led a $15.5 million Series B round of financing for Siri Inc.[32], In 2011, Horizons Ventures invested in Summly, a website-summarizing app. [citation needed] Recent activities include: This article is about the founder of Cheung Kong Holdings. He is the founder of Tancent, a technology company that is the biggest company in Asia. [57] Li then tried to laugh it off and said "maybe in 2017 they will have one-person-one-vote to choose the chief executive, I probably just said it a little early. The World's Billionaires 2014 edition was 28th annual ranking of The World's Billionaires by Forbes magazine. Seven other Hong Kong billionaires who made it to the Forbes list: 4 /10 Joseph Lau. The following is a Forbes list of Hong Kong billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine on March 3, 2015. Mountains are considered to have an elevation of at least 1,000 m (3,300 ft). [9], Li is one of the most influential entrepreneurs in Asia, presiding over 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. [18] He also bought her a Cartier brooch featuring a 10.1 carat ruby,[19] that he named "Zoe Red" at Christie's for $8.4 million. 7.08 million vs 5.18 million; Has mountains nearby? He has a granddaughter Michelle Sarah Li Se De, who studied at the Chinese International School in Hong Kong. As of June 2019, Li is the 30th richest person in the world, with an estimated net wealth of US$29.4 billion. Providing US$2 million in funding scale socio-economic impact through technological disruption and innovation in Zhejiang and Shanghai—February 2019. The economy has rapidly grown from a trading port to a very rich city. [62] Li's holding companies denied divesting in China, saying that its asset disposals were being undertaken in the ordinary course of business. He was the single largest shareholder of Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada, until the sale of his share in 2005 (with all proceedings donated, see below). Poshek Fu, David Deser. The ranks of millionaires in Hong Kong rose by 15 per cent last year on the back of increases and stock and property prices in the city last year, according to a Citibank survey. Sir Ka-shing Li GBM KBE JP[3](Chinese: 李嘉誠 ; born 13 June 1928)[4][5] is a Hong Kong business magnate, investor, and philanthropist. 21.4°C. No. Chairman of the Chinese Estates Holdings; In … [62][63][64] Security Times, a People's Daily publication, estimated that Li has sold at least 73.8 billion yuan worth of assets since 2014. [17] Owing to his father's death from tuberculosis, 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. After retooling his shop and hiring the best technicians he could find, he prepared the plant for a visit from a large foreign buyer. Before this day, British Hong Kong was controlled by … [11] 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. 205 pages. [6] He is the senior advisor for CK Hutchison Holdings[7] and CK Asset Holdings, after he retired from the Chairman of the Board in May 2018;[8] through it, he is the world's leading port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe. In 1984, the company also moved its legal domicile from Hong Kong to another British overseas territory – Bermuda, in anticipation of the transfer of sovereignty of Hong Kong to People's Republic of China in 1997. [34] In 2013, Horizons Ventures invested in Bitcoin payment company BitPay. [26], In 1979, Li purchased a major stake in Hutchison Whampoa Company Limited from Hong Kong Bank through Cheung Kong.[27]. The following is a Forbes list of Hong Kong billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine on March 3, 2015. He is a convicted felon and fugitive in Macau. Per Forbes (2020) Rank Country/Territory Number of billionaires … Li came under attack from Chinese state-run tabloid paper Global Times in early 2015, when his companies put out word that it was considering selling prime Shanghai and Beijing properties. In 2017 Li Ka Shing Foundation  donated US$3 million (A$3.75 million) to the University of Melbourne Centre for Cancer Research (UMCCR) (Australia) for precision oncology. [24], In an effort to drive forward divestitures of assets in Hong Kong and the Chinese Mainland, Li agreed to sell The Center, the fifth-tallest skyscraper in Hong Kong. New York, Dubai and Hong Kong follow in 2nd to 4th place respectively. He owns a 61% stake in Chinese Estates Holdings and his fortune is estimated by Forbes at $17.4 billion as of July 2020. The richest man in the country is Ma Huateng with a wealth of $51.1 billion. To date, HK$180 million has been used for relief efforts, including making a donation of HK$100 million to support the frontline medics in Wuhan. 57.87$ vs 71.91$ 16.97% lower population density? A knife attack on a mainland Chinese billionaire Qian Fenglei and his assistant in Hong Kong on Friday was over in seconds, according to newly released video footage of the crime. Forty reporters across 13 countries contributed to the list. This list excludes lists compiled and published by Business Insider , Challenges , Hurun Report , [2] The Sunday Times , … Annual Funding of RMB 52 million to support the Heart of Gold Nationwide Hospice Service Program, with has received RMB 680 million in aggregate funding since 2001 – July 2018. Cambridge University Press. With a donation from Li of over HK$3 billion. Language; Watch; Edit Wikimedia Commons has media related to Economy of Hong Kong: Subcategories. [53] A report was never filed with Hong Kong police. Lau junior acceded to the chairmanship of Chinese Estates following his father's conviction in the court of Macau on bribery charges in 2014; Sue Chan, the elder sister of Lau's girlfriend Kimbie, became the chief executive of the company Lau founded. [45][46], Besides business through his flagship companies CK Asset Holdings and CK Hutchison Holdings Limited, Li Ka-shing has also personally invested extensively in real estate in Singapore and Canada. [17], In November 2014, Lau bought a 9.75 carat blue diamond for his daughter Zoe, at Sotheby's for $32.6 million, that he named "Zoe Diamond". For months, Hong Kong's billionaires have remained silent on the protest movement, but as house prices fall and the share market tanks, the city's elite are demanding that order be restored. No. Victor Li speaks with his father, Li Ka-shing, during a press conference in Hong Kong. Mukesh Ambani of Reliance Industries is the richest in Asia with a net worth of US$67 billion while Li Ka-shing topped Hong Kong billionaires despite a 3 per cent erosion in his US$28 billion wealth. 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