Richard Li Net Worth is
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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 26th in the Forbes List of Hong Konga??s 40 Richest people for 2010. The same publication named Li as 773rd in the list of the worlda??s billionaires, with an estimated fortune of $1.3 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 and chairman of PCCW'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 June 2011, Hong Kong's stock exchange approved the carve-out of the telecommunications and mobile assets by PCCW, which also has broadband television, consulting and property businesses. The exchange initially rejected the proposal in April due to regulatory concerns. In September 2011 the final hurdles were cleared by Hong Konga??s stock exchange for PCCW to list its telecommunications assets as the citya??s first publicly traded business trust. On 12 October 2011 PCCW shareholders approved the plan to spin off its telecommunications unit. The listing could raise more than $1 billion.

Richard Li Latest News

Richard Li's PCCW Said To Sell Beijing Property For $900M

A real estate firm controlled by Richard Li, the billionaire son of Asia’s richest man, announced this week that it is in advanced talks to sell a Beijing office building for a price that is said to be in the range of $900 million. The move by Hong Kong ...
Posted: January 14, 2014, 6:18 pm

'Unreasonable delay' ends White Rock fraud trial

Prosecutor Richard Li confirmed Wednesday that a judicial stay of proceedings was entered Tuesday morning in Surrey Provincial Court, in the case against Karen Ann Chura. Defence counsel applied for the stay on the basis of unreasonable delay, Li said.
Posted: October 17, 2016, 10:00 am

$3M Settlement, $450K Fee OK'd In Del. Mavenir Merger Suit

Morgan Stanley & Co. LLC is represented by William M. Lafferty, Susan Wood Waesco, Ryan D. Stottmann and Richard Li of Morris Nichols Arsht & Tunnell LLP and Todd G. Cosenza of Willkie Farr & Gallagher LLP. Pardeeep Kohli is represented by Gregory V.
Posted: October 13, 2016, 4:01 am
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