What is Li-Ka Shing’s net worth?
| Net Worth: | $36.8 Billion |
|---|---|
| Age: | 95 |
| Born: | July 29, 1928 |
| Gender: | Male |
| Height: | 1.73 m (5 ft 8 in) |
| Country of Origin: | Hong Kong |
| Source of Wealth: | Entrepreneur |
| Last Updated: | May 1, 2024 |
As of May 2024, Li-Ka Shing’s net worth is approximately $36.8 Billion.
Sir Li Ka-Shing is a Hong Kong business magnate, investor, and philanthropist.
Ka-Shing is the 38th wealthiest person in the world and the senior advisor for CK Hutchison Holdings.
Li Ka-Shing is the world’s leading port investor, operator, and developer of Europe and Asia’s largest health and beauty retailer.
Early Life
Li Ka-Shing was born in Chaozhou, China, on the 29th of July 1928.
His family was of modest means, and his father headed a local primary school.
Ka-Shing grew up in a period of great political turmoil in China.
His family fled to Hong Kong in 1940 after the Japanese invasion of China.
Ka-Shing’s father became sick with tuberculosis and later died a painful death when Ka-Shing was 15 years old.
Career
Li-Ka Shing’s first job was at a plastics trading company, where he worked 16-hour shifts after leaving school to support his family.
In 1950, he started his own company, Cheung Kong Industries, a plastic manufacturing company in Hong Kong.
Shing learned how to mix color with plastic to create realistic plastic flowers at his company, which helped him grow his business.
Not only after making the shift, Shing’s company became 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 His Business
In 1958, Li-Ka Shing decided to step into the world of real estate after purchasing a site to develop his factory.
Following the 1967 riots, during which many people fled Hong Kong, property rates plummeted, providing Shing plenty of cheap property to purchase.
Shing listed his real estate development company as Cheung Kong Holdings, which went public on the HK stock exchange in 1972.
In 1979, Shang bought a significant stake in Hutchison Whampoa Limited and used it to create CK Hutchison.
As a subsidiary of CK Hutchison, A.S. Watson Group operated 15k retail stores, including Superdrug, Marionnaud, and Kruidvat.
Technology & Water
Li-Ka Shang has expanded his business ventures into technology with his investment firm Horizons Ventures.
Similarly, the Li-Ka Shing Foundation has a 0.8% stake in Mark Zuckerberg’s Facebook and has invested over $50 million in Spotify.
In 2011, Horizons Ventures invested in Summly, a website summarizing app, and a year later, it invested in Wibbitz.
Horizons Ventures has also invested in BitPay, Zoom, Impossible Foods, and AliPayHK.
Alongside this, through CK Infrastructure Holdings Limited, Li-Ka Shang owns 75% of Northumbrian Water, a British supplier.
However, this business was fined in 2022 after it was found to have discharged untreated sewage into a water course.
Retirement & Charity
After presiding over CK Hutchison Holdings and CK Asset Holdings for over 70 years, Li-Ka Shang announced his retirement in 2018.
While he remains a senior advisor, his son, Victor Li, now owns the company and his $100 billion empire.
Since retiring, Shang has remained involved with many charities and, in June 2019, offered free scholarships to students of Shantou University and Medical College.
That same year, he donated $1 billion to set up the Crunch Time Instant Relief Fund and helped source PPE from around the world during COVID-19.
Soon after, he donated $500k to Pallium Canada to support frontline personnel in palliative care.
Most recently, he has 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 Foundations Home Haemodialysis Program.
In addition to being one of the wealthiest people in Asia, Li-Ka Shang has donated billions 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
As of May 2024, Li-Ka Shing’s net worth is estimated to be roughly $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 |
Highlights
Here are some of the best highlights of Li Ka-Shing’s career:
- Knight Commander (2000)
- Grand Bauhinia Medal (2001)
Favorite Quotes From Li-Ka Shing
“You can believe in Fung Shui if you want, but ultimately people control their own fate. The most important thing is to improve yourself and give it your best. Then many things previously thought to be impossible will become possible.” – Li-Ka Shing
“Times were really tough in the beginning. When I started my business in 1950, I only had HK$50,000, so I was in a tight spot financially.” – Li-Ka Shing
“I was already keeping an eye on the political developments within China. I also had a firm grasp on economics, industry, management, and the latest developments and productions of the plastics industry. Not many people in Hong Kong at that time were aware of the potential. It was still quite new.” – Li-Ka Shing
“Doing business may be tough, but I am willing to learn, to innovate, and to work hard, which are the reasons why my business can continue to grow. We focus on our core competencies while looking for new areas for expansion. New businesses sometimes fail, and sometimes succeed. But the ones that succeed can be very profitable. This has been my experience. Setbacks and difficulties are ways to build character.” – Li-Ka Shing
“First of all, I am an optimist. When you study hard and work hard, your knowledge grows, and it gives you confidence. The more you know, the more confidence you gain. When I was 10 years old, I lost my schooling, but I still had plenty of hope to return to school.” – Li-Ka Shing
“Despite my achievements, I can still remember poverty. I told my children and grandchildren that ‘The fruit that you eat will never taste as beautiful as the fruit that I ate during the turmoil of war. You will never cherish 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 how he achieved success, let’s take a look at some of the lessons we can learn from him:
1. Be prepared
The more you know, the more prepared you will be when opportunity knocks.
If you are lazy and while your time away, you will not know how to take advantage of opportunities even if they stare you in the face, always be prepared.
2. Vision is our greatest strength
Vision is perhaps our greatest strength. It has kept us alive to the power and continuity of thought through the centuries; it makes us peer into the future and lends shape to the unknown.
3. Understand your business
You must know and understand your business like the back of your hand. Otherwise, your company will be here today and gone tomorrow.
Frequently Asked Questions
How much is Li-Ka Shing worth?
Li-Ka Shing’s net worth is estimated to be $36.8 Billion.
How old is Li-Ka Shing?
Li-Ka Shing was born on July 29, 1928, and is currently 95 years old.
How tall is Li-Ka Shing?
Li-Ka Shing’s height is 1.73 m, equal to 5 ft 8 in.
Summary
Li-Ka Shing is the richest man in China, and his company has influenced businessmen and entrepreneurs worldwide.
As of May 2024, Li-Ka Shing’s net worth is estimated to be roughly $36.8 Billion.
What do you think about Li-Ka Shing’s net worth? Leave a comment below.
