Hong Kong billionaire Li Ka-Shing announces his retirement in March 2018 with an incredible rags-to-riches life story.
John Fourier

2018-03-11 08:27:00 Sun ET

At 89 years old, Hong Kong billionaire Li Ka-Shing announces his retirement in March 2018. With a personal net worth of $35 billion, Li has an incredible rags-to-riches life story of growing his business conglomerate HK Hutchinson. His 53-year-old son Victor Li will take over the conglomerate with 323,000 employees across 50 countries worldwide. The Li business empire ranges from energy to real estate property and technology.

Li is the epitome of hard work and persistence. From his young age 35 to present, Li commits to working 16 hours per day and 7 days per week. Meanwhile, however, Li engages in healthy exercises daily to stay fit.

Throughout his rags-to-riches life story, Li successfully transitions from dropping out of school as a child to support his family to becoming the first person of Chinese origin to buy one of the British-built Hong Kong companies since the colonial era. In fact, Li pledges to devote the rest of his life to charitable causes. The Li Ka Shing Foundation continues to invest in basic education, poverty prevention, and disease eradication etc.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
Fed Chair Janet Yellen says the current high stock market valuation does not mean overvaluation.
Jonah Whanau

2017-12-11 08:42:00 Monday ET

 Fed Chair Janet Yellen says the current high stock market valuation does not mean overvaluation.

Fed Chair Janet Yellen says the current high stock market valuation does not mean overvaluation. A stock market quick fire sale would pose minimal risk to t

+See More
Treasury Secretary Steve Mnuchin indicates that the Trump team puts the trade war with China on hold.
Olivia London

2018-05-19 09:29:00 Saturday ET

Treasury Secretary Steve Mnuchin indicates that the Trump team puts the trade war with China on hold.

Treasury Secretary Steve Mnuchin indicates that the Trump team puts the trade war with China on hold. The interim suspension of U.S. tariffs should offer in

+See More
Pinterest files a $12 billion IPO due in mid-2019.
Laura Hermes

2019-03-09 12:43:00 Saturday ET

Pinterest files a $12 billion IPO due in mid-2019.

Pinterest files a $12 billion IPO due in mid-2019. This tech unicorn allows users to pin-and-browse images through its social media app and website. Pintere

+See More
The Trump administration initiates a new investigation into China's abuse of American intellectual property.
Olivia London

2017-08-31 09:36:00 Thursday ET

The Trump administration initiates a new investigation into China's abuse of American intellectual property.

The Trump administration has initiated a new investigation into China's abuse of American intellectual property under Section 301 of the Trade Act of 19

+See More
World Economic Forum warns that artificial intelligence may destabilize the financial system.
Jonah Whanau

2018-08-19 10:34:00 Sunday ET

World Economic Forum warns that artificial intelligence may destabilize the financial system.

The World Economic Forum warns that artificial intelligence may destabilize the financial system. Artificial intelligence poses at least a trifecta of major

+See More
U.S. senators urge the Trump administration to prevent the IMF from bailing out several countries that face predatory Chinese loans.
Chanel Holden

2018-02-01 07:38:00 Thursday ET

U.S. senators urge the Trump administration to prevent the IMF from bailing out several countries that face predatory Chinese loans.

U.S. senators urge the Trump administration with a bipartisan proposal to prevent the International Monetary Fund (IMF) from bailing out several countries t

+See More