“Richest man in Asia” Li Ka-Shing dumps all his Chinese property holdings

Consortium of Defense Analysts

Li Ka-Shing

Li Ka-shing, 85, is a Hong Kong business magnate, investor, and philanthropist. According to the Bloomberg Billionaires Index, as of October 7, 2013, Li is the richest person in Asia, with a net worth of $30 billion, much of it from shrewd property investment.

Born in southern China in 1928, due to his father’s death, Li was forced to leave school before the age of 15 and found a job in a plastics trading company where he labored 16 hours a day. By 1950 he started his own plastics manufacturing company, Cheung Kong, which developed into a leading real estate investment company in Hong Kong that was listed on the Hong Kong Stock Exchange in 1972.

Given Li’s business acumen, it is noteworthy that according to Simon Black of Sovereign Man, April 16, 2014, Li Ka-Shing is dumping all his property investments in China.

Li had been investing in mainland China back in the…

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