Chapter 312 Hiding wealth!

The rich Li family.

Although Li Ka-shing has not won the richest man in China or Asia again in recent years, everyone knows that Li Ka-shing has hidden wealth and has given up his position to those young people.

Think about it with your brain, how much wealth Li Ka-shing has hidden.

If someone else's company or listed large company can win the list of rich people. Those smart people who are not confused by the media know that the Li family's wealth is definitely far more than those on the so-called rich people.

When it comes to China's richest man, everyone will mention Ma Qu, Wang Jianlin, Xu Jiayin, etc., and Li Ka-shing in his early years seems to have been forgotten by everyone for a long time. In fact, on the rich list, Li Ka-shing ranks fifth, with about US$31.3 billion.

Many people don’t understand that he is not the God of Management among Chinese, nor is he focused on real estate, and has assets all over the world, how could he be so behind? Didn’t he say he is about to buy the entire UK? Why is he so much money?

In 1950, 22-year-old Li Ka-shing founded "Changjiang Industrial Co., Ltd." and initially operated plastic products. Because the Yangtze River is a Chinese river that gathers all rivers, Li Ka-shing deeply believed that everyone was easy to follow and united, so he named the company "Changjiang". This became the starting point and foundation of Li Ka-shing's future career. The name of Changjiang has been used to this day.

Nowadays, Changjiang Industrial and Changjiang Infrastructure are two flagship companies of Li Ka-shing Wealth. Li Ka-shing also owns famous companies such as Hutchison Whampoa. Li Ka-shing's industries can be mainly divided into real estate, energy, technology, telecommunications, retail, transportation, etc. Almost everything we can see, Li Ka-shing is involved. His business covers 56 countries around the world. This gives him very good risk resistance. No matter which economy in the world declines, it will not have much impact.

Currently, Li Ka-shing has invested in 48 ports in 25 countries, including port equipment at both ends of the Panama Canal. From Watsons in Asia to Kruidvat in Europe, Li Ka-shing's retail department has opened 12,000 stores in 25 markets.

Currently, 39% of the main profits of Li Ka-shing's business empire come from Europe, with the UK being the main position. The total assets of the Lee Business empire in the UK are as high as HK$390 billion, including 3 ports, 3 chain stores, 1 mobile operator, 1 railway group, 1 regional power grid company, 2 regional gas companies, and 1 water company.

Since Li Ka-shing acquired more than half of Canadian Husky Petroleum's interests in 1986, Li's business empire's overseas investment journey has never stopped again. In 1996, it listed Orange Telecom in the UK; in 2010, Changjiang Infrastructure acquired the British Power Grid Company for US$9.1 billion, and in February of that year it acquired Austria's third largest mobile communications company; it acquired the British Power Grid, water and gas assets for HK$155 billion, acquired Austria's 3g communications business for HK$1.3 billion, acquired Canadian power plant assets for HK$718 million, and acquired Dutch Energy Company for HK$9.7 billion...

To date, the overseas territory of the Lee business empire has spread to Europe, the Cayman Islands, Asia and other countries and regions. Among them, its investment in the UK is described as "buying the entire UK".

Since many European projects were bought at lower prices, the overseas investment of the Lee Business Empire was also called "bottom-buying". In European countries such as Ireland, Austria, Italy, etc., there are investment and acquisitions of telecommunications services; in the Netherlands, there are chain stores.

While buying at the bottom of Europe and shrinking China, Hong Kong and the Mainland, Li Ka-shing did not give up Asia. Hong Kong is still the base camp of Lee, with huge businesses in South Korea, China and Japan.

Although he is from a traditional industry, Li Ka-shing has also made great achievements in the technology industry. He has invested in Facebook twice and now owns 4.5% of Facebook shares. Li Ka-shing once said that Facebook is a very excellent company that can be used for a long time. His vision is indeed very unique. Now the market value of Facebook has exceeded 500 billion US dollars, and this investment alone has earned more than 20 billion US dollars.

It can be said that Li Ka-shing’s stocks are just Facebook, and it is close to the value of Jack Ma’s own Alibaba’s stocks. So why does Li Ka-shing have so many assets, but only has more than 30 billion US dollars in wealth list!!!

Li Ka-shing has 22 listed companies and countless non-listed companies. When he split his two sons in 2012, everyone saw part of his business empire. At that time, Li Ka-shing could be said to be the richest man in the world, and Bill Gates might not have as much money as he did.

Li Ka-shing has invested in 48 ports in 25 countries. Li Ka-shing's retail department has opened 12,000 stores in 25 markets. There are also British power grid companies, etc., and its industries are spread all over the world. Facebook even has 4.5% of its shares. With these 4.5% of its shares, it has more than 20 billion assets. How can it be a total of US$31.3 billion announced on the Rich List today?

If you really believe it, you will be drunk.

Li Ka-shing is hiding wealth.

The Li Ka-shing Foundation disclosed that it owns Shenzhen AVIC, Zhixiang Real Estate, Kelian Systems, Changjiang Life, Huaneng International, Zhihong Technology, Xingqian Chemical, Prosperity Industry, Shengli Beer, Chief Sifang, Chief International, Chief Technology and Zhongju Battery? The assets of so many companies.

Later, Li Ka-shing donated all the profit rights of Facebook stocks and one-third of the Li Ka-shing Trust Fund he held to the Li Ka-shing Foundation. This part of the wealth is huge, and it can be said that this part of the wealth has surpassed the wealth of any entrepreneur in the Chinese world.

Later, he divided his property into 4 points. It was already obvious when he split his son in 2012 that all the wealth of the Li family was packaged into the Li Ka-shing Trust Fund. Currently, two-thirds of the ownership of this trust fund are in the hands of Li Zeju and one-third of them are in the hands of Li Ka-shing.

In addition, Li Ka-shing's cash donations exceeded 15 billion yuan, with the largest number in the Chinese community.

He is obviously the richest, but he is not very conspicuous on the rankings. This is also the personality of Chaoshan people, who are low-key and pragmatic, do not make a name for themselves, and do not show off. If we really count it, it is estimated that the richest man in the world is likely.

The study door rings.

Li Ka-shing stood up.

Open the door.

Xi Ming saw the old man Li Ka-shing smiling affectionately, and he stretched out his hand.

Still the same humble look.

Xi Ming once again shook hands with the old man who had stood in the business world for more than half a world.

"Mr. Xi is a very powerful young man. When I visited my humble house, my small study room was full of glory." Mr. Li's words made Xi Ming feel a little uneasy. This made him embarrassed to praise him. You must know that this was praised by Li Chaoren.

But when his mind calmed down slightly, Xi Ming disagreed. This was just a routine for Li Ka-shing to communicate.

It was not a sincere praise, Xi Ming immediately understood.

"Old Li, you are the most powerful person. Your way of hiding wealth has confused most people in the world. How did you do it? The younger generation needs to learn more from you?" Xi Ming also asked straight to the point. Today he wanted to use attack as the defense. He knew why Li Ka-shing was looking for him. He knew that the Li family had investigated him. Since the Li family had come out clearly, he said that his hypocritical trick was meaningless in Xi Ming's opinion.

Li Ka-shing is a living legend. It is said that it is a legend. He is old and a rotten sword. But he is now young and a sharp sword. He can't even play with such a foolish person. It's better to be straight to the point and defend with attack!
Chapter completed!