Richard Li
| Richard Li | |
|---|---|
| Born |
8 November 1966 British Hong Kong |
| Citizenship | Hong Kong, Canada |
| Partner(s) | Isabella Leong (2008–2011) |
| Children | 3 sons |
| Parent(s) |
Li Ka-Shing (father) Chong Yuet-Ming (mother) |
| Richard Li | |||||||
| Traditional Chinese | 李澤楷 | ||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 李泽楷 | ||||||
|
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Lǐ Zékǎi |
Richard Li Tzar Kai is a Hong Kong businessman and philanthropist. He is the younger son of businessman Li Ka-Shing and brother of Victor Li.
Li was 15th in the Forbes List of Hong Kong's 50 Richest people for 2016. The same publication named Li as 317th in the list of the world's billionaires, with an estimated fortune of $4.7 billion.
Li attended St. Paul's Co-educational College in Hong Kong and left at age thirteen to be educated at Menlo School in Atherton, California. To earn money, he took shifts at McDonalds and also worked as a caddy at the local golf course. He attended Stanford University, studying computer engineering, but did not receive a degree; he states that he withdrew from the school for personal reasons after three years.
Li acquired Canadian citizenship in the 1980s. His Canadian citizenship has proven valuable to him in his financial dealings, allowing him to make bids for PCCW to purchase stakes in companies such as Air Canada and Bell Canada Enterprises without running afoul of restrictions on foreign ownership.
Li is chairman of PCCW, HKT Trust and HKT Limited, and chairman of PCCW's and HKT's executive committee. He is also chairman and chief executive of the Pacific Century Group, chairman of Pacific Century Premium Developments Limited (PCPD), chairman of PCPD's executive committee and chairman of Singapore-based Pacific Century Regional Developments Limited.
In September 2009, Li bought the asset management operations of AIG, AIG Investments, for around $500 million. Renamed PineBridge Investments, the business currently has approximately $83 billion of assets under management.
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Wikipedia