Asia's richest billionaire has assets twice the announced figure

According to Bloomberg Magazine, Mr. Li Ka-shing currently has a total net worth of up to 29.2 billion USD.

Asia's richest man Li Ka-shing recently said that his real assets are at least 40% higher than the estimates often published by the press. At the same time, he also emphasized that he will not acknowledge his position as a tycoon of Hong Kong's financial world.

His real assets are at least 40% more than the estimates often published by the press (Photo: KT)

The 85-year-old billionaire shared: “I think it doesn’t matter whether you are a billionaire or not. What matters more is whether your life is meaningful and whether people trust and admire you or not.”

According to Bloomberg, Mr. Li Ka-shing currently has a total net worth of 29.2 billion USD. This amount of assets has helped him become the richest person in Asia and ranked 22nd in the list of the richest people in the world.

The bulk of his wealth is in shares in listed companies, including real estate developer Cheung Kong, Hutchison Whampoa and Canadian oil and gas producer Husky Energy (HSE).

Cheung Kong announced its business results yesterday (March 2) showing that its 2013 profit increased from 32 billion Hong Kong dollars to 35.3 billion Hong Kong dollars (equivalent to 4.5 billion USD). Meanwhile, Hutchison Whampoa increased 20% to 31.1 billion Hong Kong dollars last year.

Mr. Li said that for at least the past 10 years, foreign magazines have estimated his assets at about half the actual amount. He said that the magazines may not have considered Husky as his assets, but he was actually the largest shareholder. It was a personal investment.

Previously, Bloomberg had calculated his stake in Husky with an estimated number of about 350 million shares with a value at this time of about 10.5 billion USD, equivalent to 1/3 of Mr. Li's assets./.

According to vov