Sunday, October 10, 2010

Li Ka-Shing Net Worth

Li Ka-Shing Net Worth

How Much Does Li Ka-Shing Make?

Li Ka-Shing a wealthy businessman from Hong Kong. He is the richest person of East Asian descent in the world and the fourteenth richest man in the world with an estimated wealth of US $21.3 billion on 13 February 2010. Presently, he is the Chairman of Hutchison Whampoa Limited (HWL) and Cheung Kong Holdings; through them, he is the world's largest operator of container terminals and the world's largest health and beauty retailer.

Li Ka-shing was born in Chaozhou in the Guangdong Province, Republic of China in 1928. In 1940 the Li family fled to Hong Kong to avoid the turmoils in China. Li's family stayed at the home of his wealthy uncle. The success of Li's uncle with his immense wealth ignited Li's determination to make a place for himself in the world. Li married Chong Yuet Ming, his first cousin and the daughter of his wealthy uncle.

Li's businesses cover almost every facet of life in Hong Kong, from electricity to telecommunications, from real estate to retail, from shipping to the Internet. The Cheung Kong Group's market capitalization is HK $647 billion (US $82.9 billion) as of December 2009 (This includes some double counting of the Group’s controlling stake in 12 listed companies around the world). The group operates in 55 countries and employs over 260,000 staff worldwide.

0 comments:

Post a Comment