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The incredible rags-to-riches life story of Hong Kong’s richest man

Hong Kong tycoon Li Ka-shing waves goodbye to journalists after announcing his retirement as chairman of CK Hutchison Holdings Ltd at a news conference in Hong Kong, China March 16, 2018.

Hong Kong billionaire Li Ka-shing announced June 16 that he would fund up to 5 years of tuition for Shantou University’s incoming class.

Before he retired in 2018, Li ran CK Hutchison Holdings and CK Asset Holdings, the two massive conglomerates that he built in Asia’s most famous rags-to-riches story. Li now focuses on his charitable foundation, the Li Ka Shing Foundation, and has pledged one-third of his wealth to philanthropy.

While he is no longer the richest man in Asia, the 91-year-old still ranks as the 28th-richest person in the world and has a current estimated net worth of $30.3 billion.

Often called “Superman” and Asia’s answer to Warren Buffet by the media, Li has an incredible and inspiring life story. He went from dropping out of school as a child to support his family to becoming the first person of Chinese origin to buy one of the British-built Hong Kong companies that dominated the city since its colonial days.

Christi Danner contributed reporting to an earlier version of this story.

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