The amazing rags-to-riches story of Li Ka-Shing, Asia's richest man
In 1940, when the country was at war with Japan, Li Ka-Shing's family fled from southern China to Hong Kong, where he's lived ever since.
![The amazing rags-to-riches story of Li Ka-Shing, Asia's richest man](/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-46693119%2Cwidth-700%2Cheight-525%2Cimgsize-444262%2Fin-1940-when-the-country-was-at-war-with-japan-li-ka-shings-family-fled-from-southern-china-to-hong-kong-where-hes-lived-ever-since-.jpg&w=3840&q=75)
Li's early life was tumultuous. Japan occupied Hong Kong in 1941(pictured). Li's father died of tuberculosis before age 16 and young Li was forced to leave school to work in a factory.
![Li](https://staticbiassets.in/thumb/msid-46693120,width-700,height-525,imgsize-243851/lis-early-life-was-tumultuous-japan-occupied-hong-kong-in-1941pictured-lis-father-died-of-tuberculosis-before-age-16-and-young-li-was-forced-to-leave-school-to-work-in-a-factory-.jpg)
In 1950, Li Ka Shing set up his first factory, Cheung Kong Industries, which manufactured plastic flowers. A hotel owned by the modern Cheung Kong now stands on the same site.
![In 1950, Li Ka Shing set up his first factory, Cheung Kong Industries, which manufactured plastic flowers. A hotel owned by the modern Cheung Kong now stands on the same site.](https://staticbiassets.in/thumb/msid-46693121,width-700,height-525,imgsize-800991/in-1950-li-ka-shing-set-up-his-first-factory-cheung-kong-industries-which-manufactured-plastic-flowers-a-hotel-owned-by-the-modern-cheung-kong-now-stands-on-the-same-site-.jpg)
The factory was located in northern Hong Kong, which is now barely recognisable compared to how it looked in the mid-20th century — though Li's wealth has surged even faster than the city.
![The factory was located in northern Hong Kong, which is now barely recognisable compared to how it looked in the mid-20th century — though Li](https://staticbiassets.in/thumb/msid-46693122,width-700,height-525,imgsize-125044/the-factory-was-located-in-northern-hong-kong-which-is-now-barely-recognisable-compared-to-how-it-looked-in-the-mid-20th-century-though-lis-wealth-has-surged-even-faster-than-the-city-.jpg)
In 1969, Hasbro commissioned Li Ka-Shing's Hong Kong plastics factory to make G.I. Joe dolls for export to the United States.
![In 1969, Hasbro commissioned Li Ka-Shing](https://staticbiassets.in/thumb/msid-46693123,width-700,height-525,imgsize-89623/in-1969-hasbro-commissioned-li-ka-shings-hong-kong-plastics-factory-to-make-g-i-joe-dolls-for-export-to-the-united-states-.jpg)
Li moved into property development and away from plastic manufacturing ahead of Hong Kong's global boom. He bought up Hutchison Whampoa in 1979.
![Li moved into property development and away from plastic manufacturing ahead of Hong Kong](https://staticbiassets.in/thumb/msid-46693124,width-700,height-525,imgsize-193681/li-moved-into-property-development-and-away-from-plastic-manufacturing-ahead-of-hong-kongs-global-boom-he-bought-up-hutchison-whampoa-in-1979-.jpg)
Was that luck/good sense? What happened to the plastic company?
Hutchison Whampoa now operates globally and has 250,000 staff, after turning to telecommunications in the 1980s. Below, Hutchinson House in central Hong Kong.
![Hutchison Whampoa now operates globally and has 250,000 staff, after turning to telecommunications in the 1980s. Below, Hutchinson House in central Hong Kong.](https://staticbiassets.in/thumb/msid-46693125,width-700,height-525,imgsize-1781742/hutchison-whampoa-now-operates-globally-and-has-250000-staff-after-turning-to-telecommunications-in-the-1980s-below-hutchinson-house-in-central-hong-kong-.jpg)
Li has been seen with some of the world's most powerful people. Here he is with UK Prime Minister David Cameron at Oxford University, launching a research centre.
![Li has been seen with some of the world](https://staticbiassets.in/thumb/msid-46693127,width-700,height-525,imgsize-106945/li-has-been-seen-with-some-of-the-worlds-most-powerful-people-here-he-is-with-uk-prime-minister-david-cameron-at-oxford-university-launching-a-research-centre-.jpg)
Today, Li Ka-Shing vies for the title of Asia's wealthiest man with Alibaba's Jack Ma. In 2000, Li was voted Asia's most powerful man in an Asiaweek poll, above China's president.
![Today, Li Ka-Shing vies for the title of Asia](https://staticbiassets.in/thumb/msid-46693128,width-700,height-525,imgsize-129025/today-li-ka-shing-vies-for-the-title-of-asias-wealthiest-man-with-alibabas-jack-ma-in-2000-li-was-voted-asias-most-powerful-man-in-an-asiaweek-poll-above-chinas-president-.jpg)
In his home of Hong Kong, the polytechnic university named a tower after Li Ka-Shing, after a generous donation.
![In his home of Hong Kong, the polytechnic university named a tower after Li Ka-Shing, after a generous donation.](https://staticbiassets.in/thumb/msid-46693130,width-700,height-525,imgsize-200144/in-his-home-of-hong-kong-the-polytechnic-university-named-a-tower-after-li-ka-shing-after-a-generous-donation-.jpg)
But he's got bigger towers too. Cheung Kong Centre (right) is the third-tallest building in Hong Kong and owned by Hutchison Whampoa. Li's office is at the top.
![But he](https://staticbiassets.in/thumb/msid-46693131,width-700,height-525,imgsize-381785/but-hes-got-bigger-towers-too-cheung-kong-centre-right-is-the-third-tallest-building-in-hong-kong-and-owned-by-hutchison-whampoa-lis-office-is-at-the-top-.jpg)
Li makes a point of illustrating that he's not flashy, despite his colossal wealth. For instance, for many years he wore a £30 watch — which he made sure everyone knew.
![Li makes a point of illustrating that he](https://staticbiassets.in/thumb/msid-46693132,width-700,height-525,imgsize-334562/li-makes-a-point-of-illustrating-that-hes-not-flashy-despite-his-colossal-wealth-for-instance-for-many-years-he-wore-a-30-watch-which-he-made-sure-everyone-knew-.jpg)
He's an academic philanthropist, too. The University of California, Berkeley, named the Li Ka Shing Center for Biomedical and Health Sciences after him.
![He](https://staticbiassets.in/thumb/msid-46693134,width-700,height-525,imgsize-1102049/hes-an-academic-philanthropist-too-the-university-of-california-berkeley-named-the-li-ka-shing-center-for-biomedical-and-health-sciences-after-him-.jpg)
But his palatial residence in Hong Kong's Deep Water Bay — where even a four-bedroom family house can set you back £13 million — tells another story.
![But his palatial residence in Hong Kong](https://staticbiassets.in/thumb/msid-46693136,width-700,height-525,imgsize-1305844/but-his-palatial-residence-in-hong-kongs-deep-water-bay-where-even-a-four-bedroom-family-house-can-set-you-back-13-million-tells-another-story-.jpg)
Li Ka-Shing's holdings are mostly owned through Hutchison Whampoa and Cheung Kong. But he also owns a majority stake in Canada's Husky Energy.
![Li Ka-Shing](https://staticbiassets.in/thumb/msid-46693138,width-700,height-525,imgsize-56644/li-ka-shings-holdings-are-mostly-owned-through-hutchison-whampoa-and-cheung-kong-but-he-also-owns-a-majority-stake-in-canadas-husky-energy-.jpg)
Li Ka-Shing's son Victor Li Tzar-kuoi is vice chairman of Cheung Kong. He was kidnapped for ransom by infamous Hong Kong gangster Cheung Tze-keung in 1996.
![Li Ka-Shing](https://staticbiassets.in/thumb/msid-46693139,width-700,height-525,imgsize-482223/li-ka-shings-son-victor-li-tzar-kuoi-is-vice-chairman-of-cheung-kong-he-was-kidnapped-for-ransom-by-infamous-hong-kong-gangster-cheung-tze-keung-in-1996-.jpg)
It hasn't all been smooth sailing for Hutchison Whampoa. It was embroiled in a dock strike in 2013 and has been vilified by unions. In this picture, the characters on this protester's mask mean "monster" or "evil."
![It hasn](https://staticbiassets.in/thumb/msid-46693140,width-700,height-525,imgsize-477199/it-hasnt-all-been-smooth-sailing-for-hutchison-whampoa-it-was-embroiled-in-a-dock-strike-in-2013-and-has-been-vilified-by-unions-in-this-picture-the-characters-on-this-protesters-mask-mean-monster-or-evil-.jpg)
What was the dock strike over -- pay?
After agreeing a £10.25 billion ($15.28 billion) sale, Hutchison Whampoa acquired UK mobile operator O2, which owns the naming rights to London's iconic millennium dome.
![After agreeing a £10.25 billion ($15.28 billion) sale, Hutchison Whampoa acquired UK mobile operator O2, which owns the naming rights to London](https://staticbiassets.in/thumb/msid-46693141,width-700,height-525,imgsize-125442/after-agreeing-a-10-25-billion-15-28-billion-sale-hutchison-whampoa-acquired-uk-mobile-operator-o2-which-owns-the-naming-rights-to-londons-iconic-millennium-dome-.jpg)
It's not Hutchison Whampoa's first big European venture. It already owns mobile operator Three, as well as Superdrug.
![It](https://staticbiassets.in/thumb/msid-46693145,width-700,height-525,imgsize-288006/its-not-hutchison-whampoas-first-big-european-venture-it-already-owns-mobile-operator-three-as-well-as-superdrug-.jpg)
Li currently ranks behind Jack Ma on the Bloomberg Billionaires Index, which puts him in 20th place worldwide, but he says his wealth is underestimated by 40%.
![Li currently ranks behind Jack Ma on the Bloomberg Billionaires Index, which puts him in 20th place worldwide, but he says his wealth is underestimated by 40%.](https://staticbiassets.in/thumb/msid-46693146,width-700,height-525,imgsize-378950/li-currently-ranks-behind-jack-ma-on-the-bloomberg-billionaires-index-which-puts-him-in-20th-place-worldwide-but-he-says-his-wealth-is-underestimated-by-40-.jpg)
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