Li Ka Shing is one of the most important men in all of Asia. Find out how he managed to create his fortune.
Li Kashing is one of Asia’s most influential and successful entrepreneurs, especially known for his vision in infrastructure businesstechnology and real estate. Several times the media called him “Superman” due to his business skills and strength.
Shing he left school at 12 years old and began working in factories to help his family in Hong Kong. The millionaire commented several times that although at first leaving school was a difficult decision since he did it out of economic necessity, he never expected to have the outcome that his story had.
Li Ka Shing
Who is Li Ka Shing and how he became the richest person in Hong Kong
Li Ka Shing had his first jobs in the world of sales, until heWhen he was 22 years old he founded Cheung Kong Industriesa plastics company that initially made plastic flowers. Despite having left school, he always had a great ability to anticipate trends and his focus on quality products allowed him to grow quickly, taking advantage of the manufacturing export boom in Hong Kong.
Already in 1970 his business was very successful so decided to diversify his business into the real estate sectortaking advantage of Hong Kong’s real estate crisis. During that period, he acquired properties at low prices and, when the market recovered, his company Cheung Kong Holdings established itself as one of the largest real estate developers.
Shortly after, he bought the Hutchison Whampoa company, which allowed him to enter the infrastructure, ports and telecommunications industries to continue growing without end.
What was Li Ka Shing’s business philosophy?
Li Ka Shing is known for having a great work ethic and long-term vision. His business approach is based on discipline, integrity and hard work. Li has many quotes that will go down in history, but one of his most famous quotes is: “Instead of waiting for opportunities to present themselves, I have always believed in creating them.” Throughout his career, he always placed great emphasis on giving back to society and help improve people’s lives.
What was Li Ka Shing’s retirement like?
In 2018 when he was 90 years old he decided to retire from the business world and He left the leadership of CK Hutchison and CK Asset to his eldest sonVictor Li. In any case, despite his retirement, his legacy continues through its investments and the influence of its conglomerate in strategic sectors worldwide.
Source: Ambito
