Lý Gia Thành Chong Yuet Ming

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For almost four years during the Japanese occupation of Hong Kong, he sent 90% of his pay lớn his mother. Li worked hard from a young age, often working 16 hours a day, seven days a week, a pace that he says he continues to keep up even at 89 years old.

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Li eventually became the factory's top salesman and was promoted lớn be the factory manager at 18.


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Li showed promise as a leader & visionary when he opened his first factory in 1950, at the age of 22. The factory, Cheung Kong Industries, manufactured all kinds of plastic, but was particularly popular for its plastic flowers. He anticipated that plastics would become a booming industry, và he was right.


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Li attributes the success of Cheung Kong, which he started with only about $50,000, to lớn a willingness to lớn learn the lathử nghiệm industry trends. “The correlation between knowledge and business as the key to success is closer than ever," he said.


Though Li dropped out of school at a young age & never received a university degree, he has always been a voracious reader và attributes much of his success to lớn his ability khổng lồ learn independently. For instance, he completed Cheung Kong's accounting books in the company's first year himself with no accounting experience — he simply taught himself from textbooks.


Though he has many holdings, the thriftiness that was necessary during Li’s childhood has carried over inlớn his current career. His no-debt policy means that his companies operate using as little debt as possible, và Li himself purchases all of his real estate using capital, in order to lớn maintain zero personal debt.


Along with knowledge and industry insight, Li considers loyalty và reputation khổng lồ be keys lớn success. In a 2006 interview with Forbes, he said, “Anytime I say ‘yes’ khổng lồ someone, it is a contract.”


In 1956, he once turned down an offer that would have given him an extra 30% profit on a sale (& allowed hlặng khổng lồ expvà his factory) because he had already made a verbal agreement with another buyer. He still carries this principle of loyalty today, even when it means losing money.


Like many famous investors, Li often bought when others sold. When riots inspired by Mao Zedong's Cultural Revolution broke out in Hong Kong in 1967, Li invested in the city's property as prices tanked.


Young teenage mob jeers và hurls stones at police at San Po Kong market, May 1967. APhường Photo lớn

Source: Bloomberg


In 1969, Hasbro commissioned Li Ka-shing's Hong Kong plastics factory to lớn make G.I. Joe dolls for export lớn the United States.


Li scored a major victory in 1979 when he bought control of Hutchison Whampoa from the bank HSBC Holdings. Li negotiated khổng lồ buy Hutchison shares for less than half of their value và, in doing so, became the first person of Chinese origin lớn own one of the British-controlled companies that dominated Hong Kong since the 1800s.


Though he is known mainly as a property developer, Li’s companies control 70% of port traffic & most electric utilities & telecommunications in Hong Kong. He also owns a majority stake in Husky Energy, a Canadian company. Li distributes his wealth and power across different industries & geographic areas, showing that he is unafraid to learn & experiment in new arenas.


Li enjoys spending his "mad money" on these investments rather than on material things. He consciously makes an effort lớn be perceived as materially modest. He wore a $50 Citizen electric wristwatch for years before moving khổng lồ an equally cheap Seiko. In recent years, he upgraded lớn a $400 Citizen Eco Watch due to lớn its battery life and durability.


Li suffered a personal tragedy when his wife, Chong Yuet-ming, died of an aneurysm at the age of 55 on January 1, 1990. Her grave sầu was later vandalized by tomb raiders.

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Hong Kong tycoon Li Ka-shing, chairman of CK Hutchison Holdings company, speaks during a press conference lớn announce the companies' annual results in Hong Kong, Wednesday, March 22, 2017. Kin Cheung/AP

Source: Forbes


In 1996, his eldest son Victor was kidnapped by infamous Chinese mobster "Big Spender" Cheung Tze-keung. Li reportedly paid a $127.5 million ransom. Chinese authorities eventually caught và executed Cheung.


One of Li's biggest successes came in 1999 when he sold sản phẩm điện thoại phone company Orange to lớn German conglomerate Mannesmann AG for a $15 billion profit.


Chris Gent (left), Chief Executive sầu of Vodafone Airtouch Plc shakes hands with his Mannesmann AG counterpart Klaus Esser in Duesseldorf February 3, 2000. Reuters

Li arranges his holdings strategically to ensure his security despite the state of the economy. He anticipates economic highs & lows. “I bởi vì not get overly optimistic when the market is good, nor overly pessimistic when the market is down,” he said.


Li’s good financial habits have sầu given him the freedom to lớn treat investment in giải pháp công nghệ as a "high-stakes hobby," through Horizons Ventures Ltd. His longtime friend, Solina Chau, runs the tech fund.


But Li isn't entirely frugal. He owns a palatial residence in Hong Kong's Deep Water Bay — where even a four-bedroom family house can phối you baông xã £13 million (more than $16 million).


Li was one of the first big investors in Facebook và Spotify and also invested in a startup that aims khổng lồ replace eggs with a plant substitute. Li only invests in technology that he sees as "disruptive" và will make his holdings more cutting-edge. This is consistent with his constant innovation in his businesses.


Perhaps one of the most important factors that has contributed lớn Li's success is the passion he feels for his work. In 2010, he told Forbes, "The most important enjoyment for me is to lớn work hard & make more profit."


Li poses with a young fan at one of his foundation's events. Love Ideas Love sầu HK/ Facebook

Source: Business Insider, Forbes


In 2012, Li announced that he would h& off Cheung Kong lớn his eldest son Victor Li, while providing cash lớn help his second son Richard develop his own businesses. He did not announce when he would retire at the time.


It hasn't all been smooth sailing for Li's company. It was embroiled in a dochồng strike in 2013 & has been vilified by unions. In this picture, the characters on this protester's mask mean "monster" or "evil."


But in 2018, Li announced that he would be retiring to focus on his charitable foundation, which he has called his "third son." He has said that he hopes that as Asia becomes more wealthy, others will follow his lead in philanthropy. He has pledged to lớn give away one-third of his $27.8 billion fortune.


Hong Kong tycoon Li Ka-shing waves goodbye to journalists after announcing his retirement as chairman of CK Hutchison Holdings Ltd at a news conference in Hong Kong, Trung Quốc March 16, 2018. REUTERS/Bobby Yip

Source: Business Insider, Forbes


In June 2019, The Li Ka Shing Foundation announced that it will cover the tuition of Shantou University's incoming class for up lớn five years as a part of an ongoing initiative sầu lớn make higher education more accessible in Đài Loan Trung Quốc.


As of mid-August, protests have sầu disrupted life in Hong Kong for 10 weeks, closing streets, disrupting flights at its airport, & causing volatility in the stoông chồng market. Li alone lost $3 billion between July & August.


Tens of thousands of protesters carry posters & banners march through the streets as they continue khổng lồ prochạy thử an extradition bill, Sunday, June 16, 2019, in Hong Kong. Hong Kong residents Sunday continued their massive sầu prochạy thử over an unpopular extradition bill that has highlighted the territory's apprehension about relations with mainl& Trung Quốc, a week after the crisis brought as many as 1 million inkhổng lồ the streets. (AP.. Photo/Kin Cheung) Kin Cheung/AP.

Source: Business Insider


On August 15, Li took out advertisements in local Hong Kong newspapers calling for an kết thúc khổng lồ the protests that read "stop anger & violence in the name of love sầu."


The losses have sầu not stopped the Li family from making major acquisitions, however. CK Asset Holdings, now run by his son Victor, will British pub chain Greene King for £4.6 billion ($5.6 billion) on August 19. Greene King owns 2,700 pubs & restaurants, & hotels.