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World's Billionaires - #11

Wednesday, March 5, 2008provided by

© TED ALJIBE/AFP/Getty Images

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.

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