Victor Tzar Kuoi Li
Victor Li Tzar-kuoi is a Hong Kong businessman and deputy chairman of Cheung Kong (Holdings) Limited. He is the son of tycoon Li Ka-shing and the brother of Richard Li. Li had a net worth of $730 million CDN in 2006. Cheung was born in Guangdong province, and his family came to Hong Kong when he was four years old. He acquired the nickname "Big Spender" for his love of lavish living. He was born 1 August 1964.
Li Ka-shing broke his silence of 17 years to say he never had second thoughts when asked to pay HK$2 billion by the kidnapper of his eldest son Victor Li Tzar-kuoi. However, Li said he told the gangster “Big Spender” Cheung Tze-keung that he could get his hands on only HK$1 billion immediately and that he would have to go to the bank to get the rest.Li said he also advised Cheung to run away and become a good man as the money would be enough to last him the rest of his life.
An out-of-court settlement at the eleventh hour has meant the end of a High Court showdown between two leading Indian businessmen over oil dealings.
FIFTY-FIVE YEARS AGO, THE story goes, 14-year-old Li Ka-shing made a promise to his dying father: to learn to do business and make a fortune. Now that he has fulfilled his bedside pledge, Li says he plans to retire next year and devote himself to social work. The reins would then be handed over to his two sons, Victor and Richard. Neither would need to make a similar vow to Dad. Both made their debut in their father's boardroom as toddlers in children's chairs set in the corner. Today, they are well beyond apprenticeship, distinguishing themselves as dealmakers in their own right.