Hong Kong tycoon Li Ka-shing steps down, son Victor now holds reins


HONG KONG: Hong Kong’s richest man, Li Ka-shing, held his last meeting with shareholders and handed to his eldest son the keys to his US$35.3bil empire, bringing to a close a rags-to-riches story that made him an icon in the financial hub.

Li, who started out as a factory apprentice at 12, is stepping aside from a conglomerate that employs 323,000 employees and has assets in more than 50 countries spanning property, power, telecoms and oil.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , likashing

Next In Business News

Bursa Malaysia-Teraju team up to boost Bumiputera IPO participation
Dayang records higher 4Q net profit
Dialog continues positive turnaround
Heineken Malaysia delivers steady FY25 earnings
Toll highway segment drives Taliworks’ 4Q revenue
CPO futures likely to trade between RM3,800-RM4,000 per tonne until July 2026
Carlsberg Malaysia posts record net profit of RM376mil in FY25
Perdana Petroleum posts lower net profit of RM56.09mil in FY25
Pos Malaysia welcomes MyCC review, flags competition concerns
INSKEN leverages AI to empower entrepreneurs in high-value sectors

Others Also Read