In this success post, we are going to share the story of Li Ka-Shing, a Hong Kong business magnate, investor, and philanthropist. Ka-Shing is the 31st richest person across the globe, and he is the senior advisor for the CK Hutchison Holdings.
Li Ka-Shing is the world-leading port investors, developer, and operator of the largest health and beauty retailer in Asia and Europe.
As of 2020, Li-Ka Sing’s net worth is approx. $31 billion dollars.
Li ka-Shing Early Life
Li Ka-Shing was born on the 29th of July 1928 in Changzhou, China. His family was of modest means, and his father headed a local primary school.
Ka-Shing grew up in a period of great political turmoil in China. His family fled to Hong Kong in the year 1940 after the Japanese invasion of China.
Ka-Shing’s father became sick with tuberculosis and later died a painful death when Ka-Shing was 15 years old.
Li ka-Shing Career
In the year 1950, Li founded a plastic manufacturing company in Hong Kong with personals savings and funds borrowed from relatives. He read trade publications and business news before deciding to supply the world with high-quality plastic flowers at low prices.
Eight years later, he decided to purchase a site and develop his own factory building. As a result, people fled to Hong Kong. Li believed the political crisis would be temporary, and property prices would eventually raise and bought land from the fleeing residents at low prices.
In the year 1971, he named his real estate ‘Cheung Kong Holdings’. Li stated on a number of occasions his goal of surpassing the Jardines owned Hong Kong Land as a leading developer.
The company became highly successful and in the year 1984, the company also moved its legal domicile from Hong Kong to another British overseas territory.
As of 2020, Li-Ka Shing’s net worth is around $31 billion dollars.
Some of the great rules for success in business from Li-Ka Shing
Now that you know all about the Li Ka-Shing’s net worth, and how he achieved success. Let’s have a look at some of the lessons we can learn from him:
1. Be prepared
The more you know, the more prepared you will be at the time opportunity knocks. If you are lazy and while your time away, you would not know how to take advantage of opportunities even if they stared you in the face, always be prepared.
2. Vision is our greatest strength
Vision is perhaps our greatest strength. It has kept us alive to the power and continuity of thought through the centuries; it makes us peer into the future and lends shape to the unknown.
3. Understand your business
You must know and understand your business like the back of your hand. Otherwise, your company would be here today, gone tomorrow.
Also Read: Mark Zuckerberg Biography: Success Story of Facebook Co-founder
