Hong Hong's Top Businessman - Richard Li

Hong Hong's Top Businessman - Richard Li

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As Chairman of PCCW, Hong Kong's largest telecommunication company and Asia's leader in the information technology services industry, Richard Li Tzar Kai is not a man with idle hands. Richard Li is also a member of the Washington D.C. Center for Strategic and International Studies International Councilors Group, the Global Information Infrastructure Commission, a Chinese University of Hong Kong Council Member, and the Hong Kong Computer Society.

Beyond his professional memberships, Richard Li has an impressive and varied business background.

Net Worth

A businessman and investor, Richard Li has brokered some of Chinas most amazing deals. Richard Li's net worth has been reported in the range of $1.1 billion, according to Forbes magazine. He is considered to be among the richest men in the world. Richard Li is the youngest son of Li Ka-shing, China's richest man who is estimated to have a net worth of $18.8 billion.

Borrowing $250 million from his father in 1991, Richard Li launched the StarTV satellite outfit. Later, in 1995, Li sold StarTV to Rupert Murdoch for $950 million. Richard Li used the profit from this sale to finance his investments in technology, real estate and financial services and to start Pacific Century Group.

Ask Men

Providing information of interest to men through its online portal, Ask Men lists Richard Li within the Ask Men Top 49 Men of 2006 list. His placement is due to his extensive business accomplishments and aspirations.

Business Week

Placed with such business moguls Walter Buckley III of Internet Capital Group, Vinod Khosla of Kleiner Perkins Caufield & Byers, Masayoshi Son of Softbank, and Jim Breyer of Accel Partners, Richard Li has been placed on The E.BIZ 25 by Business Week.

Business Week states Richard Li's placement on this prestigious list is due to his turning PCCW into one of Asias largest internet companies and promoting e-commerce in Hong Kong.

SARS Response

The severe acute respiratory syndrome virus (or SARS) devastated Asia and 29 other countries around the world in 2003. The SARS breakout resulted in quarantines, hysteria, travel restrictions, and approximately 774 deaths. With direct guidance from Richard Li, PCCW rose to the aid of those affected by the outbreak by providing vital telecommunication services to medical staff, patients, and fundraisers. Additionally, Richard Li volunteered PCCW to set video conferencing allowing desperately needed communications with families for quarantined SARS victims and volunteers. Richard Li also had PCCW supply telephone medical and legal advice hotlines support for isolated patients and communities, a special story time program for children under quarantine protection, and charity fundraisers and community activists call center support.

As well as providing technical services, Richard Li and PCCW combined to donate $1 million to the SARS victims' Business Community Relief Fund. In his annual report for the company, Richard Li praised PCCW employees for their contribution in the fight against SARS in Hong Kong. Richard Li further stated his pride in PCCW's people for serving the community with the company in efforts to ease the economic and social hardships, noting that many gave up their free time to help out as volunteers.

About the Author:
Learn more about Richard Li and why he was ranked as one of the wealthiest and most admirable men alive today.



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