Chinese Billionaire Li Ka-shing: The Man Nicknamed “Superman”
Li Ka-shing, a Chinese billionaire with an estimated fortune of $28.4 billion, is a prominent figure in the global real estate industry. Known as “Superman,” Li has earned this nickname due to his exceptional investment skills, as reported by Bloomberg.
The Rise of “Superman”
Li Ka-shing gained recognition as “Superman” for his accurate predictions about the Chinese stock market crisis in 2007 and the subsequent surge in housing prices in Hong Kong in 2009.
A Journey from Plastic Flowers to Real Estate
Li started his career by establishing a plastic flower factory in 1950. Over time, he ventured into real estate investment, which marked the beginning of his ascent as a real estate tycoon.
Li Ka-shing’s Diversified Fortune
His vast fortune comprises of shares in various public companies, including CK Asset and CK Hutchison Holdings, both renowned property development firms. Additionally, his business extends to owning properties in Singapore and the UK.
A Strategic Acquisition
Li’s business empire expanded significantly when he acquired a 22% stake in Hutchison Whampoa, a British trading house that possessed valuable assets such as docks, shipyards, real estate, and retail stores in Hong Kong.
A Conglomerate Reorganization
In 2015, Li completed a major restructuring of his conglomerate by establishing Cheung Kong Holdings, which encompasses his real estate assets, and CK Hutchison, responsible for managing ports and retail businesses.
Source: Bloomberg
