Mr. Ka-Shing Li is a Hong Kong business magnate and philanthropist. Currently, he is the chairman of Hutchison Whampoa Limited, an international corporation with a diverse array of holdings which includes the world's biggest port and telecommunication operations, and Cheung Kong Holdings, one of the largest developers of residential, office, retail, industrial and hotel properties in Hong Kong. Li was named "Asia's Most Powerful Man" by Asiaweek in 2001. Mr. Li holds Honorary Doctorates from numerous universities including, Peking University, Beijing University and Cambridge University among others. Li is also regarded as one of Asia's most generous philanthropists, donating over US $1 billion to date to charity and other various philanthropic causes.
What do Facebook, Spotify, BitPay, Summly and Siri have in common? They all got early stage private-equity backing from Asia’s richest man, Hong Kong’s Li Ka-shing.
The octogenarian multi-billionaire made his money from some of the oldest and simplest businesses going: property and ports – where people live, work and trade, the basics of any economy.
Hong Kong tycoon Li Ka-shing is facing claims in Britain and Australia that companies he controls are dodging taxes there, but an analysis of his Hong Kong-listed Cheung Kong Infrastructure reveals it pays only a tiny fraction of the tax that a close competitor here pays.
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.