How much Li Ka-shing’s net worth has been a mystery to many people. This Asian billionaire lives a quiet life and isn’t flamboyant. He has shown that he knows how to manage a business efficiently.
Li Ka-shing’s net worth is $37.6 billion based on estimated wealth in August 2023. Mr. Li has investments in several industries, showing he knows his onions.
He has considerable stakes in many sectors of the Asian economy and stocks in Hong Kong. He has stakes in water, retail, manufacturing, and energy industries.
As you read on, you will learn about Li Ka-shing’s net worth, how it can be estimated, and why you should know about net worth.
Mr. Li Ka-shing was born in 1928 in China’s Guangdong Province. After his father’s untimely death, Li dropped out of school at 16 and worked for a plastic manufacturing firm. By 1950, Li Ka-shing had established a firm called Cheung Kong Holdings.
With the success of this business, in 1973, he acquired Hutchison Whampoa and Hong Kong Electric Limited. Moreover, Mr. Li is known for being frugal and not showing off.
Net worth is the total value that an individual or brand is measured by. You will be educated about financial goals and how investments work by knowing about net worth. The inspiration comes from knowing how much an individual is worth and where they came from.
The two main concepts of net worth are liabilities and assets. Assets refer to things with monetary relevance or value. At the same time, liabilities are obligated elements that reduce your finances, such as insurance payments, car loans, and home equity.
You can use a net worth calculator to subtract liabilities from assets to get your actual net worth.
Li Ka-Shing’s net worth is $37.6 billion, and it comes from an array of investments, which include:
We have successfully discussed Li Ka-Shing’s net worth and the life of the Hong Kong billionaire. Mr. Li, aside from being a wise entrepreneur, loves charity. He supports charitable causes globally. Aside from the Bill and Melinda Gates Foundation, the Li-Kang Foundation has done much for many charities.
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The four wealthiest families in Hong Kong are Lo, Li, Hui, and Ho. They are ranked based on influence and their current net worth.
Based on results from August 2023, Li Ka-shing is the 31st richest person in the world. He is worth $37.6 billion from various investments.
There are 80 billionaires in Hong Kong, with more than 50% coming from family inheritance. Hong Kong boasts of being the 7th country with the most wealthy people in the world.