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Grizzly Bulls’ Billionaires Index

⬅ # 33 Klaus-Michael Kuehne|# 35 John Mars ➡

# 34 Li Ka-shing 

$38.3B

Real Time Net Worth
as of 5/13/2024
$282.4M (0.74%)

# 34 Li Ka-shing 

$38.3B

Real Time Net Worth
as of 5/13/2024
$282.4M (0.74%)
OccupationSenior Advisor, CK Hutchison Holdings
Source of WealthDiversified
Age95
ResidenceHong Kong
Marital StatusWidowed
Children2
EducationDrop Out, High School
Age-Adjusted Net Worth$3.59B
Li Ka-shing
Li Ka-shing
Hong Kong
Net worth: $38.3B

Self-Made Score 

Wealth History

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Biography

Li Ka-shing was born in Chao'an, Chaozhou in Guangdong Province in 1928 to Teochew parents named Li Yun-ching and Cheung Bik-chin. The family fled to Hong Kong in 1940 as refugees from the Sino-Japanese war.
Due to his father's death from tuberculosis, Li had to leave school at 15 and started working in a plastics trading company for 16 hours a day.
In 1950, Li founded Cheung Kong Industries, initially a plastics manufacturing company, with personal savings and borrowed funds.
He transformed the company into a leading real estate investment firm listed on the Hong Kong Stock Exchange in 1972.
Cheung Kong expanded by acquiring Hutchison Whampoa in 1979 and Hongkong Electric Holdings Limited in 1985.
In 1958, anticipating rising rents, Li purchased land and developed his own factory building, marking his entry into real estate development.
During the 1967 riots, Li took advantage of plummeting property prices, believing the crisis would be temporary, and acquired land at low prices.
Cheung Kong Holdings officially became a real estate development company in 1971, publicly listed in 1972.
In 1977, Cheung Kong's successful bid for development sites above the Central and Admiralty MTR stations challenged Hongkong Land as the premier property developer.
In 1979, Li purchased a major stake in Hutchison Whampoa Company Limited.
A.S. Watson Group, a subsidiary of CK Hutchison, operates over 15,000 stores globally, including brands like Superdrug, Marionnaud, Kruidvat, Watson's, PARKnSHOP, and Fortress.
CK Hutchison engages in asset trading, building new businesses and selling them when shareholder value can be created.
Li ventured into technology through Horizons Ventures, investing in startups like doubleTwist, Facebook, Spotify, Siri Inc., Summly, Wibbitz, Ginger Software, BitPay, Zoom Video Communications, and Impossible Foods.
Through CK Infrastructure Holdings Limited, Li owns 75% of British water supplier Northumbrian Water.
Li faced an Australian tax dispute in 2013, involving Cheung Kong Infrastructure paying approximately A$370 million in unpaid tax, penalties, and interest. The dispute was resolved in 2015.
After a nearly 70-year reign, Li announced his retirement on March 16, 2018, passing his $100 billion empire to his son, Victor Li. He remains involved as a senior advisor.
Li Ka-shing personally invested extensively in real estate in Singapore and Canada, being the single largest shareholder of Canadian Imperial Bank of Commerce (CIBC) until 2005 and the majority shareholder of Husky Energy.

How long would it take you to become as rich as Li Ka-shing?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Li Ka-shing's net worth of $38.3B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Li Ka-shing is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Li Ka-shing, Diversified is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey