Richard Li
Hong Kong, Hong Kong
Drop Out, Stanford University
Hong Kong
telecom
$4,500,000,000
413
#413 Billionaires 2019
#21 Hong Kong's 50 Richest 2019
He is the younger son of Hong Kong's richest billionaire Li Ka-Shing. He chairs Asia-based investment company Pacific Century Group. Pacific Century Group owns most of life insurance company FWD, which operates in seven countries across Asia, including Hong Kong and Singapore.The group also has interests in businesses spanning financial services, technology and property. Li established a communications and media empire with PCCW, a Hong Kong-based company which controls the city's largest mobile phone operator HKT.In 2017 FWD paid $424 million for 50% stake in One George Street, an office building in Singapore's central business district.
Li started Star TV in 1991 with $400 million he received from his father. He then sold the company, which had a viewership of 50 million households, to Rupert Murdoch's News Corp.During his studies at Stanford, Li worked as a cashier at McDonald's and as a caddy at a golf course. He dropped out of university to start his own business.
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