What is Li Ka-shing’s net worth?
| net worth: | $36.8 billion |
|---|---|
| age: | 96 |
| date of birth: | July 29, 1928 |
| gender: | male |
| high: | 1.73 m (5 ft 8 in) |
| country of origin: | Hongkong |
| Source of wealth: | entrepreneur |
| Last updated: | July 31, 2024 |
As of July 2024, Li Ka-shing’s net worth is approximately US$36.8 billion.
Sir Li Ka-shing is a Hong Kong business magnate, investor and philanthropist.
Cazenove is the 38th richest person in the world and a senior advisor to Cheung Kong Holdings.
Li Ka-shing is a world-renowned port investor and operator, and developer of the largest health and beauty retailers in Europe and Asia.
early life
Li Ka-shing was born on July 29, 1928 in Chaozhou, China.
His family’s financial situation is average and his father is the principal of a local primary school.
Ka Shing grew up during a period of political turmoil in China.
After the Japanese invasion of China in 1940, his family fled to Hong Kong.
Jiacheng’s father suffered from tuberculosis and died painfully when Jiacheng was 15 years old.
Profession
Li Ka-shing’s first job was at a plastics trading company, and after leaving school he worked 16 hours a day to support his family.
In 1950, he founded his own plastic manufacturing company, Cheung Kong Industries, in Hong Kong.
There, Shing learned how to mix colors with plastic to create realistic plastic flowers, which helped his business grow.
After the transformation, Shing’s company not only became the largest plastic flower supplier in Asia.
Like many wealthy people in the world, Li Ka-shing started from scratch and eventually became an extremely wealthy businessman.
Grow your business
In 1958, Li Ka-shing purchased a piece of land to build a factory and then decided to enter the real estate industry.
After the 1967 riots, many people fled Hong Kong and property prices plummeted, providing Mr. Shing with a large number of cheap properties to buy.
Jackie Chan named his real estate development company Cheung Kong Holdings and listed it on the Hong Kong Stock Exchange in 1972.
In 1979, Sheung Chi-hung purchased a large number of shares in Hutchison Whampoa Limited and used it to establish Cheung Kong Hutchison.
A subsidiary of CK Hutchison, Watson Group operates 15,000 retail stores, including Superdrug, Marionnaud and Kruidvat.
Technology and water
Shang Lijia has expanded its business into the technology sector through its investment company Horizons Ventures.
Likewise, the Li Ka Shing Foundation owns 0.8% of Mark Zuckerberg’s Facebook and has invested more than $50 million in Spotify.
In 2011, Horizons Ventures invested in website summary app Summly, and a year later, it invested in Wibbitz.
Horizons Ventures has also invested in BitPay, Zoom, Impossible Foods and AliPayHK.
In addition, Shang Lijia also owns 75% of the shares of British supplier Northumbrian Water through Cheung Kong Infrastructure Holdings Limited.
However, the business was fined in 2022 after being found to have discharged untreated sewage into waterways.
Retirement and charity
Shang Lijia announced his retirement in 2018 after more than 70 years at the helm of Cheung Kong Hutchison Holdings and Cheung Kong Group.
While he remains a senior adviser, his son Victor Li now owns the company and its $100 billion empire.
After retirement, Mr Shang is still involved in a number of charitable causes and in June 2019 he provided free scholarships to students from Shantou University and Medical College.
In the same year, he donated $1 billion to establish the “Critical Moment Immediate Relief Fund” and helped purchase personal protective equipment from all over the world during the COVID-19 pandemic.
Soon after, he donated $500,000 to Pallium Canada to support frontline workers in end-of-life care.
Most recently, he donated $30 million to flood relief efforts in Beijing, Tianjin and northeast China.
In October 2023, donated US$3 million to support the Hong Kong Kidney Foundation’s Home Hemodialysis Program.
Shang Lijia is not only one of the richest people in Asia, but has also donated billions of dollars to various charitable causes.
For his contributions, Mr. Shang was included in Forbes magazine’s list of the most generous philanthropists outside the United States.
Li Ka-shing Net Worth
As of July 2024, Li Ka-shing’s net worth is estimated to be approximately US$36.8 billion.
Li Ka-shing’s 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 |
emphasize
Here are some highlights from Li Ka-shing’s career:
- Knight Commander (2000)
- Grand Bauhinia Medal (2001)
Li Ka-shing’s famous quotes
“You can believe in feng 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 considered impossible will become possible.” – Li Ka-shing
“The beginning was really hard. When I started my business in 1950, I only had HK$50,000 and was very tight financially.” – Li Ka-shing
“I was already following political developments in China. I also had a deep understanding of the economy, industry, management, and the latest developments and production in the plastics industry. Not many people in Hong Kong were aware of the potential at the time. It was still a new industry.” – Li Ka-shing
“Business can be difficult, but my willingness to learn, innovate and work hard is why my business has been able to grow. We focus on our core competencies while looking for new areas to expand. New businesses sometimes fail and sometimes succeed. But successful businesses can bring in huge profits. This is my experience. Setbacks and difficulties are how character is built.” – Li Ka-shing
“First of all, I’m an optimist. When you study hard and work hard, your knowledge grows, which gives you confidence. The more you know, the more confident you will be. I dropped out of school when I was 10, but I’m still hopeful to go back.” – Li Ka-shing
“Despite my achievements, I still remember the poverty. I tell my children and grandchildren, ‘The fruit you eat will never taste as good as the fruit I ate during the turmoil of war. You will never value it as much as I did.’” – Li Ka-shing
Li Ka-shing’s 3 rules for business success
Now that you know about Li Ka-shing’s net worth and how he achieved 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 at leisure, even if opportunities are right in front of you, you won’t know how to take advantage of them, so always be prepared.
2. Vision is our greatest advantage
Foresight is perhaps our greatest strength. It allows us to feel the power of ideas and the continuity of centuries; it allows us to look into the future and give shape to the unknown.
3. Know your business
You have to know your business inside out. Otherwise, your company may be 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 July 29, 1928 and is now 96 years old.
How tall is Li Ka-shing?
Li Ka-shing is 1.73 meters tall, which is equivalent to 5 feet 8 inches.
Summary
Li Ka-shing is China’s richest man and his companies have influenced businessmen and entrepreneurs around the world.
As of July 2024, Li Ka-shing’s net worth is estimated to be approximately US$36.8 billion.
What do you think of Li Ka-shing’s net worth? Leave a comment below.
Categories: Net Worth
Source: svlsf.edu.vn