Sunday, November 8, 2009, 7:19AM ET - U.S. Markets Closed.
World's Billionaires - #11
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Li Ka-shing
Hong Kong
$26.5 bil
- Once a poor immigrant, Li got his start selling plastic flowers in Hong Kong in the 1950s.
- Now Hong Kong's richest person.
- His fortune is centered on conglomerates Cheung Kong and Hutchison Whampoa. Through them, he is the world's largest operator of container terminals, world's largest health and beauty retailer, a major supplier of electricity to Hong Kong and a real estate developer. Hutchison Essar sold its stake in an Indian mobile business for $11 billion in 2007; the group still has other telecom interests.
- Li also has a $12 billion stake in Canadian oil company Husky Energy.
- He has announced plans to donate one-third of wealth over time.
- Eldest son Victor helps him run his massive empire; son Richard struck out on his own in early 1990s and is a billionaire in his own right.
Rates
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Loan Type Today Last Week 30 Year Fixed 5.13% 5.16% 15 Year Fixed 4.70% 4.60% 1 Year ARM 3.98% 4.00% 30 Year Fixed Jumbo 6.06% 6.10% 5/1 ARM 4.30% 4.26% 3/1 ARM 4.75% 4.80% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 8.35% 8.39% $50K Home Equity Loan 8.36% 8.41% $75K Home Equity Loan 8.39% 8.44% $30K HELOC 5.24% 5.26% $50K HELOC 4.99% 5.00% $75K HELOC 4.99% 5.00% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.90% 6.96% 48 Month New Car Loan 7.05% 7.12% 60 Month New Car Loan 7.11% 7.18% 36 Month Used Car Loan 7.39% 7.43% 48 Month Used Car Loan 7.50% 7.51% Source: Bankrate -
Card Type Today Last Week Business Credit Cards 9.69% 9.69% Low Interest Credit Cards 11.91% 11.91% Cash Back Credit Cards 12.36% 12.36% Reward Credit Cards 12.85% 12.85% Instant Approval Credit Cards 13.32% 13.32% Balance Transfer Credit Cards 13.46% 13.46% Source: CreditCards.com
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