Li Ka shing Net Worth, Wiki, Bio
Li Ka shing Net Worth is $35 Billion USD and earns an annual income of $3 Billion dollars. Li Ka shing is a Hong Kong business magnate, investor and philanthropist. As of September 2017, Li is one of the wealthiest people in Asia. Li Ka shing recently bought a brand new Rolls Royce luxury car for $800,000 USD. The Net Worth of Li Ka shing has seen a hike of 35% over the past few years. While calculating Li Ka shing Net Worth we have included the data updated as of this Quarter. Check out the Exclusive information on Li Ka shing Net Worth details such as Yearly Income, House, Car Collection, Investments etc.
Li Ka shing Net Worth and Income Details
|Li Ka shing Net Worth||$35 Billion USD|
|Annual Income||$3 Billion USD|
|Luxury Cars – 13||$4 million USD|
|Houses – 6||$310 million USD|
Li Ka shing Cars
The Car collection of Li Ka shing is Quite Large. Li Ka shing owns few of the best luxury cars in the world. The Car brands owned by Li Ka shing include Range Rover, Porsche and Rolls Royce.
Li Ka shing Biography
In 1950, after learning how to operate a plant, Li Ka shing founded a plastic manufacturing company in Hong Kong with personal savings and funds borrowed from relatives. Li Ka shing avidly read trade publications and business news before deciding to supply the world with high quality plastic flowers at low prices.
Li Ka shing learned the technique of mixing colour with plastics that resemble real flowers. After retooling his shop and hiring the best technicians he could find, he prepared the plant for a visit from a large foreign buyer.
Impressed with the quality of Li Ka shing’s plant, the buyer placed a large order. A few years later, Li Ka shing grew to be the largest supplier of plastic flowers in Asia and made a fortune selling them.
In 1958, recognizing the rents would continue to rise, Li Ka shing decided to purchase a site and develop his own factory building. An opportunity to acquire land arrived after the 1967 riotswere in full swing when many people fled Hong Kong, and as a result, property prices plummeted.
Li Ka shing, believing the political crisis would be temporary, and property prices would eventually rise, bought parcels of land at low prices. By 1971, Li Ka shing officially named his real estate development company Cheung Kong, named after Cheung Kong, (Chang Jiang or the Yangtze River) the longest river in China.
Cheung Kong Holdings was publicly listed in Hong Kong Stock Exchange in 1972. During board meetings, Li Ka shing stated on a number of occasions his goal of surpassing the Jardines-owned Hongkong Land as a leading developer.
Li Ka shing Wiki
In 1979, with the help from HSBC, Li Ka shing controlled the Hutchison Whampoa Company Limited, which increased Cheung Kong Holdings control in total 12% of the world container port facilities, especially in Hong Kong, Canada (Vancouver), China, the United Kingdom, Rotterdam, Panama, Bahamas and many developing countries.
A subsidiary of CK Hutchison, the A.S. Watson Group (ASW), is a retail operator with over 12,000 stores. Its portfolio encompasses retail brands in Europe such as Superdrug (UK), Marionnaud (France), Kruidvat (Benelux countries), and in Asia including health and beauty retailer Watson’s store and wine cellars et al., PARKnSHOP supermarkets (and spin-off brands), and Fortress electrical appliance stores. ASW also produces and distributes water products and beverages in the region.
CK Hutchison group has the reputation of being an astute asset trader. It builds up new businesses and sells them off when shareholder value could be created.
Huge profits were obtained in the sale of its interest in Orange to Mannesmann Group in 1999, making a profit of $15.12 billion. In 2006 Li Ka shing sold 20% of Hutchison’s ports business to Singapore rival PSA Corp., making a $3.12 billion profit on a $4 billion deal.
Li Ka shing Bio
Group subsidiary Hutchison Telecommunications sold a controlling stake of 67% in Hutchison Essar, a joint venture Mobile operator in India, to Vodafone for $11.1 billion. It had invested roughly $2 billion earlier.
Li Ka shing has also made a foray into the technology business, where his investment and venture capital firm Horizons Ventures is specifically allocated towards backing new internet and technology startup firms, and bought a stake in doubleTwist.
Li Ka shing other firm, the Li Ka Shing Foundation bought a 0.8% stake in social networking website Facebook for $120 million in two separate rounds, and invested an estimated $50 million in the music streaming service Spotify.
Li Ka shing two sons, Victor Li and Richard Li, are also prominent figures in the Hong Kong business scene. Victor Li works directly with his father as Co-Managing Director and Deputy Chairman of CK Hutchison Holdings, while Richard Li is the head of PCCW, the largest telecom company in Hong Kong. They are both Canadian citizens.
Li Ka shing is famously plainly dressed for a Hong Kong tycoon. In the 1990s he wore a $50 HKD timepiece from Citizen Watch Co. and plain ties. Li Ka shing later wore a Seiko. In 2016, he wore a $500 HKD Citizen watch.
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Li Ka shing Net Worth Growth Estimate
The Net Worth and Income of Li Ka shing is expected to continue to grow at a Strong pace. Over the next few years, Li Ka shing’s Net worth is likely to grow by around 45%.