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The rich people of Hong Kong

The rich people of Hong Kong


The rich people of Hong Kong

Li Ka-shing (李嘉誠 Lǐ Jiāchéng) — the Hong Kong billionaire who changed Hong Kong, and in particular the real estate sector. He has the nickname “Superman” in business circles. He is one of the 10 richest people in the world, the richest in all of Asia. Currently, he is Chairman of the Board of Directors of Cheung Kong Group and Hutchison Whampoa (these 2 companies account for 15% of the capitalization of the entire Hong Kong Stock Exchange). It was this man who decided that apartments in Hong Kong should be tiny. Lee Kashin’s companies have built every 7th apartment in Hong Kong. Li Kashin was born in Guangdong Province, but in 1940 his family moved to Hong Kong to live with a wealthy relative. Lee worked in a harmful plastic flower factory, then he quit and began selling them himself. The next step is to open its own production of Cheung Kong plastic products. The company began to grow rapidly and export products to the USA. The future billionaire invested all his income in Hong Kong real estate, which became cheaper in 1967. In the 1970s, he sold the plastic industry and became exclusively a developer. Quote from Lee Kashin: “Your and your company’s good reputation is an invaluable asset that is not reflected in the balance sheets.” In 1979, the businessman bought the Hong Kong company Hutchison Whampoa, which later became the largest port operator under his leadership. In the 1980s, Lee Kashin actively invested in companies on the stock exchange, as well as in new technologies. The billionaire communicated with the top officials of the states and his companies increased their turnover.
Lee Kashin’s fortune is $29.6 billion. He is now 90 years old and has 2 sons who are engaged in business.

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