Forbes magazine put Li Ka-Shing as the ninth richest person in the world with assets worth $ 32 billion or equivalent to Rp302 trillion. Uncontested again, his wealth makes Li has been named as the richest man in HongKong. He is a king among about 40 conglomerates in the city of the former British colony.
Forbes reported, rising property prices and proximity to China’s economy into a number of factors that contribute to why many residents of Hong Kong are getting rich.
No wonder if you see the type of luxury car Rolls Royce and Porsche and down the streets in Hong Kong. “This phenomenon proves that Hong Kong remains one of the rides is conducive to business and investment apparently, this is hard to change”, says Forbes Senior Editor Russell Flannery.
In 2007 this is a golden year for Li. Coronation Forbes became proof of what the CEO of the company Cheung Kong Holdings and Hutchison Whampoa phone that is reliable in business affairs consultant.
Imagine, with a business reason Li, Hutchison successfully injected into the telecommunications company Vodafone shares with a load of fresh funds worth USD11 billion (Rp103 trillion). This makes Li successfully defeated another Hong Kong tycoon.
As the richest man, Li certainly the effect is so rooted in Hong Kong. Li pleaded not accustomed to spend a day without enriching his family who now run the hotel business, energy, telecommunications, and retail business.
Of course, if in the year 2007, Li’s wealth increased by 42 percent alias increased $ 10 billion from the previous year. His son, Richard, 41, sits on 24 heading into Hong Kong’s richest man with wealth of $ 1, 52 billion (14 trillion).
Attributes are tied tycoon Li is its sweet fruit. Acquisition of businessmen, who fled China in 1940, is derived from its ability to build a plastic flower business into a global business of government, with various types of companies.
Li admitted, his success lies in the belief that a strong synergy and cooperation. “Ideal society is available only if every member is ready and willing to carry out their respective duties,” he said one day. Cheung Kong Limited is the main carriage Cheung Kong Group which has business operations in 55 countries around the world, and employs approximately 260 thousand staff. In Hong Kong, this group has eight listed companies with combined market capitalization.
Li was born in 1928 in Chiu Chow, a coastal city in southeast China. At 1940, he crossed over to Hong Kong along with his entire family to avoid the risk of war. His father suffered from tuberculosis and died in Hong Kong.
After his father’s death, the responsibility for family economic burden on his shoulders and livelihoods. Strong desire to support the mother and her sisters make Li desperate to leave school at age 15 after work.
Li managed to get a job in the plastics trading company where he worked for 16 hours per day. Thanks to hard work, mental toughness, and high spirits, in 1950 Li ventured to set up his own company with the flag of Cheung Kong Industries.
Capital for Li founded the company obtained by borrowing from family and relatives. Because of his courage in doing business, Li in Hong Kong is often dubbed as “Superman”.
From the plastics factory, Li-wing business is growing, by establishing subsidiaries engaged in property investment.
The company successfully listed on Hong Kong Stock Exchange in 1972. More and government waved make Li’s Cheung Kong’s Hutchison Whampoa to gain self-confidence in 1975 and Hongkong Electric Holdings Limited in 1985.
Now, business Cheung Kong Group has penetrated many areas, including hotel development and investment, agents and property management, hospitality, telecommunications and e-commerce, finance, retail, port activities, energy, infrastructure projects and building materials, media and biotechnology. Like many other entrepreneurs who have a high social consciousness, Li also do not want success enjoyed alone.
In 2002, Singapore Management University perpetuates the library with the name of Li Ka Shing Library after the father of Richard Li has donated USD11, 5 million for the development of higher education. In 2005, Li announced a donation of USD128 billion for the Faculty of Medicine, University of Hong Kong.
Even on March 9, 2007, Li set aside money for 100 million Singapore dollars, to then be given to Lee Kuan Yew School of Public Policy at the National University of Singapore.
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