Asia Pacific, Billionaire, News

Li Ka Shing to Plan Retirement by Next Year

Li Ka Shing to Plan Retirement by Next Year

Founder of CK Hutchison Holdings Li Ka Shing plans to retire by next year as Chairman of CK Hutchison Holdings Ltd. He has not specified a date but is most likely to step down by his 90th birthday in July next year. Li plans to remain as senior advisor and keep his office atop the headquarters building.

“Li who is known in Hong Kong as “Superman” for his business acumen is the city’s richest person and his US$32.6 billion wealth is second in Asia behind that of Jack Ma.”

~ Bloomberg

Li who is known in Hong Kong as “Superman” for his business acumen is the city’s richest person and his US$32.6 billion wealth is second in Asia behind that of Jack Ma. Though he would pass on the control of his group to his elder son, the retirement of Li Ka Shing would signify the end of an era.

Related Reports: Bloomberg, Wall Street Journal

 

About CK Hutchison Holdings

CK Hutchison is among the largest companies listed on the main board of The Hong Kong Stock Exchange. CK Hutchison has five core businesses – ports and related services, retail, infrastructure, energy and telecommunications.

Visit: CK Hutchison


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