Grizzly Bulls LogoGrizzly BullsHow it WorksCalculator🚀 PremiumBlog
Log In

Grizzly Bulls’ Billionaires Index

⬅ # 725 Zhang Yong|# 727 Richard Schulze ➡

# 726 Richard Li 

$4.38B

Real Time Net Worth
as of 7/25/2024
$30.4M (0.69%)

# 726 Richard Li 

$4.38B

Real Time Net Worth
as of 7/25/2024
$30.4M (0.69%)
OccupationFounder, Pacific Century Group
Source of WealthTelecom
Age57
ResidenceHong Kong, Hong Kong
Marital StatusSingle
Children3
EducationDrop Out, Stanford University
Age-Adjusted Net Worth$5.37B
Richard Li
Richard Li
Hong Kong
Net worth: $4.38B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Richard Li Tzar-kai, born in 1966 in Hong Kong, is the son of business magnate Li Ka-shing.
He founded Pacific Century Group (PCG) in 1993, serving as its CEO and chairman, and subsequently established PCCW and HKT Trust.
Li is known for his investments in telecommunications, media, technology, and insurance, with key assets including HKT, PCCW, and FWD Group.

Early Life and Education

Born in 1966 in Hong Kong, Richard Li attended St. Paul's Co-educational College before moving to Menlo School in California.
He worked part-time jobs during high school, including at McDonald's and as a golf caddy.
Li studied computer engineering at Stanford University but withdrew after three years.
His early career included managing funds in Toronto and working at Hutchison Whampoa in Hong Kong.

Career

Founding Pcg
In 1993, Li sold STAR TV and founded Pacific Century Group (PCG), focusing on investments in various sectors.
He served as CEO and chairman of PCG, overseeing investments in real estate, finance, technology, and media.
Li was also involved in Hongkong Electric Holdings and Pacific Century Regional Developments Limited.

Pccw and Hkt Trust
In 1996, Li established Pacific Century CyberWorks (PCCW), later renamed PCCW Ltd., becoming chairman in 1999.
PCCW's acquisition of Cable & Wireless HKT in 2000 made it a major player in Hong Kong's telecom industry.
He spearheaded the spinoff of PCCW's telecommunications assets into HKT Trust, Hong Kong's first publicly traded business trust.
Li served as chairman of HKT Trust, HKT Limited, and HKT's executive committee.

Pinebridge and Fwd Group
Under Li's leadership, PCG acquired AIG Investments in 2010, renaming it PineBridge Investments.
In 2013, PCG founded FWD Group, expanding into the insurance sector across Asia.
FWD Group's growth included acquisitions and appointments like Ronald Arculli and John Baird.

Recent Developments and Philanthropy

Recent Projects
Li invested in the Hanazono resort in Hokkaido, with development impacted by the 2011 earthquake and tsunami.
He focused on expanding FWD Group in Southeast Asia and launched insurance group bolttech in 2020.
HKT, under Li's leadership, ventured into virtual banking and launched 5G wireless services.

Philanthropy
Li donated to the Canadian National Arts Centre Foundation and initiated relief efforts during the 2002–03 SARS outbreak.
PCG, under Li's direction, donated surgical masks during the COVID-19 pandemic in 2020.
He received recognition, including a Lifetime Achievement Award from the Cable and Satellite Broadcasting Association of Asia.

Boards and Public Positions

Li is a member of various organizations, including the Global Information Infrastructure Commission and the United Nations.
He served as the Governor of the World Economic Forum for Information Technologies and Telecommunications.
Li was a representative of the Hong Kong government at the APEC Business Advisory Council.
He was previously associated with the Chinese University of Hong Kong and is a member of the Hong Kong Computer Society.

Personal Life

Li has three sons with former Hong Kong singer Isabella Leong, with whom he amicably ended his relationship in 2011.
He holds pilot licenses in the United States and Canada and is a licensed divemaster.
In 2016, Li purchased his own top-level domain (.richardli) for $250,000.

How long would it take you to become as rich as Richard Li?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Richard Li's net worth of $4.38B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Richard Li 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 Richard Li, Telecom 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