Sunday, November 16, 2008

Li Ka-Shing

Name: Li ka-shing
Date of Birth: June 13,1928
Fortune: Self Made
Country of Citizenship: Hong kong
Industry : Diversified
Education: High school, Dropout
li Ka-shing was Born in China. He came to Hong Kong as a refugee. He is one of the richest person of chinese descent in the world. Forbes rank him No.11 on the list of richest people of the world. His Net worth is estimated around$26.5 billion. Source( Forbes). Li Ka-shing was Forced to drop out of high school, he founded his first company, a plastics manufacturing concern, in his early 20s. Through Cheung Kong (Holdings), his corporate flagship, and Hutchison Whampoa, a conglomerate, he wields enormous influence in Hong Kong, mainland China, and Europe, which last year accounted for 45% of Hutchison's $34.3 billion in revenues. His empire includes the world's biggest ports company and the world's largest provider of 3G mobile-phone services, plus holdings in shipping, property, retailing, and energy. Last year Hutchison's profits and EPS rose 40%.
He is a strong believer in synergy- The power of combined effort. Li has also stated a Charitable foundation . Source( Li ka shing foundation).Mr. Li also founded Shantou university in 1981, in shantou,China. The university has nine colleges, including a medical college with five affiliated hospitals. With students enrolling from all parts of China, the university has approximately 6,500 undergraduate and 1,500 graduate students.Li also has $12 billion stake in Canadian oil company Husky Energy. He plans to donate one-third of his wealth over time .He is a widowed and has 2 childrens. His eldest son Victor assits him and his other son Richard struck out on his own in early 1990s and is a billionaire too. He is also called as " Superman " in Hong Kong. The feat that he has accomplished over the past years is highly appreciable.
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