How much is Li-Ka Shing’s net worth?
| net worth: | $36.8 billion |
|---|---|
| age: | 96 |
| Birth: | July 29, 1928 |
| gender: | Male |
| Height: | 1.73 m (5 ft 8 in) |
| country of origin: | Hong Kong |
| Sources of funds: | entrepreneur |
| Last Updated: | July 30, 2024 |
As of July 2024, Li-Ka Shing’s net worth is approximately $36.8 billion.
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Sir Li Ka-shing is a Hong Kong businessman, investor, and philanthropist.
Ka-Shing is the 38th richest person in the world and a senior advisor to CK Hutchison Holdings.
Li Ka-shing is the world’s leading port investor and operator, and the largest health and beauty retailer in Europe and Asia.
early life
Li Ka-shing was born on July 29, 1928 in Chaozhou, China.
His family was of modest means and his father was the principal of a local primary school.
Ka-Shing grew up during a period of great political turmoil in China.
His family fled to Hong Kong after the Japanese invasion of China in 1940.
Ka-Shing’s father fell ill with tuberculosis and later died tragically when Ka-Shing was 15 years old.
Livelihood
Li-Ka Shing’s first job was at a plastics trading company, where he worked 16-hour shifts to help support his family after leaving school.
In 1950 he started his own company, Cheung Kong Industries, a plastics manufacturing company in Hong Kong.
Shing learned to mix color with plastic to create realistic plastic flowers at his company, which helped him grow his business.
This change not only made Shing’s company the largest supplier of plastic flowers in Asia.
Like many of the richest people in the world, Li-Ka Shing started with nothing and became an extremely wealthy businessman.
Growing Your Business
In 1958, Li-Ka Shing decided to venture into the world of real estate by purchasing a site to develop his own factory.
Following the 1967 riots, during which many people fled Hong Kong, property rates fell drastically, providing very cheap property for Shing to purchase.
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Shing listed his real estate development company as Cheung Kong Holdings, which went public on the Hong Kong Stock Exchange in 1972.
In 1979, Shang bought a significant stake in Hutchison Whampoa Limited and used it to form C.K. Hutchison.
As a subsidiary of CK Hutchison, AS Watson Group operates 15,000 retail stores, including Superdrug, Marionnaud and Kruidvat.
Technology and Water
Li-Ka Shang has expanded his business into the technology sector with his investment firm Horizons Ventures.
Similarly, the Li-Ka Shing Foundation holds a 0.8% stake in Mark Zuckerberg’s Facebook and has invested over $50 million in Spotify.
In 2011, Horizons Ventures invested in the website summarization app, Summly, and a year later, it invested in Wibbitz.
Horizons Ventures has also invested in BitPay, Zoom, Impossible Foods, and AlipayHK.
Additionally, through CK Infrastructure Holdings Ltd, Li-Ka Shang holds 75% of the British supplier Northumbrian Water.
However, the business was fined in 2022 after it was found to have discharged untreated sewage into waterways.
Retirement and charity
After presiding over CK Hutchison Holdings and CK Asset Holdings for more than 70 years, Li-Ka Shang announced his retirement in 2018.
Although he remains a senior adviser, the company and his $100 billion empire are now owned by his son, Victor Li.
Since retiring, Shang has been involved with a number of charitable works and in June 2019, he offered free scholarships to students of Shantou University and Medical College.
That same year, he donated $1 billion to establish the Crunch Time Instant Relief Fund and helped source PPE supplies from around the world during COVID-19.
Soon after, he donated $500,000 to Pallium Canada to support frontline workers in palliative care.
Most recently, he donated $30 million to flood relief efforts in Beijing-Tianjin and Northeast China.
In October 2023, he donated $3 million to support the Hong Kong Kidney Foundation’s home hemodialysis programme.
Apart from being one of the richest men in Asia, Li-Ka Shang has donated billions of rupees to various philanthropic causes.
For his contributions, Shang has been included in Forbes’ list of the most generous philanthropists outside the United States.
Li-Ka Shing Net Worth
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As of July 2024, Li-Ka Shing’s net worth is estimated to be around $36.8 billion.
Li-Ka Shing net worth over time
| Year | net worth |
|---|---|
| 2009 | $16.2 billion |
| 2010 | $21.3 billion |
| 2011 | $24 billion |
| 2012 | $25.5 billion |
| 2013 | $31 billion |
| 2014 | $31 billion |
| 2015 | $33.3 billion |
| 2016 | $27.1 billion |
| 2017 | $31.2 billion |
| 2018 | $34.9 billion |
| 2019 | $31.7 billion |
| 2020 | $21.7 billion |
| 2021 | $33.7 billion |
| 2022 | $34.8 billion |
| 2023 | $38 billion |
| 2024 | $36.8 billion |
Highlights
Here are some of the best highlights of Li Ka-shing’s career:
- Knight Commander (2000)
- Grand Bauhinia Medal (2001)
Favourite Quotes from Li-Ka Shing
“You can believe in fung shui if you want, but ultimately people control their own destiny. The most important thing is to improve yourself and do your best. Then many things that were previously thought impossible will become possible.” – Li-Ka Shing
“Things were really tough at the beginning. When I started my business in 1950, I only had HK$50,000, so I was in a financial bind.” – Li-Ka Shing
“I was already keeping an eye on political developments in China. I also had a good grasp on economics, industry, management and the latest developments and production in the plastics industry. At that time, not many people in Hong Kong were aware of its potential. It was still quite new.” – Li-Ka Shing
“Doing business can be tough, but I’m willing to learn, innovate, and work hard, which is why my business continues to grow. We focus on our core competencies while looking for new areas to expand. New businesses sometimes fail, and sometimes succeed. But those that succeed can be very profitable. This has been my experience. Failures and hardships are ways to build character.” – Li-Ka Shing
“First of all, I am an optimist. When you study hard and work hard, your knowledge increases, and that gives you confidence. The more you know, the more confident you become. I lost my schooling when I was 10, but I still had great hopes of going back to school.” – Li-Ka Shing
“Despite my achievements, I can still remember the poverty. I told my children and grandchildren, ‘The fruit you eat will never taste as good as the one I ate during the turmoil of war. You will never treasure it as much as I do.'” – Li-Ka Shing
3 rules for success in business from Li-Ka Shing
Now that you know all about Li Ka-shing’s net worth and his success, let’s look at some lessons we can learn from him:
1. Be prepared
The more you know, the more prepared you will be when the opportunity arises.
If you are lazy and wasting your time, you will not know how to take advantage of the opportunities even if they are right in front of you, always be prepared.
2. Vision is our greatest strength
Vision is perhaps our greatest strength. It has made us aware of the power and continuity of ideas over the centuries; it enables us to peer into the future and shape the unknown.
3. Understand your business
You must know and understand your business well. Otherwise, your company is here today and gone tomorrow.
Frequently Asked Questions
How much is Li-Ka Shing worth?
Li Ka Shing’s net worth is estimated at $36.8 billion.
How old is Li Ka-shing?
Li-Ka Shing was born on 29 July 1928 and is currently 96 years old.
How tall is Li Ka Shing?
Li-Ka Shing’s height is 1.73 m, which is equivalent to 5 feet 8 inches.
Summary
Li-Ka Shing is China’s richest man and his company has influenced businessmen and entrepreneurs around the world.
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As of July 2024, Li-Ka Shing’s net worth is estimated to be around $36.8 billion.
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Source: https://th-xuyenmoc.edu.vn
Category: Net worth