Famous Entrepreneurs Information

Li Ka-shing
Net Worth: $16.2 billion
Source: Ports, retail, energy/Hong Kong
Age: 80
Marital Status: Widowed, two children

• Net worth of Hong Kong's "Superman" is down $10 billion in the past year, as stock of his publicly traded conglomerates Cheung Kong and Hutchison Whampoa tumbled.

• The two companies are about to start construction on a property project in Shanghai, China.

• HW's retail group plans to open 120 stores in China in 2009.

• Through the two companies, Li is world's largest operator of container terminals, world's largest health and beauty retailer by number of outlets, a major supplier of electricity to Hong Kong, and a real estate developer.

• His second-largest holding: Canadian oil firm Husky Energy, which cut spending by almost a third for 2009.

• Charitable foundation recently raised $510 million by selling 40% of its stake in Bank of China.

• Avid golfer plays almost every day; sank his 15th hole in one in September.

• Poor immigrant sold plastic flowers in Hong Kong in the 1950s.

• Eldest son, Victor, helps him run businesses; son Richard struck out on his own in early 1990s and is a billionaire in his own right.

by Luisa Kroll, Matthew Miller, and Tatiana Serafin

Labels: Cheung Kong, famous entrepreneurs, Husky Energy, Hutchison Whampoa, Li Ka-shing