Superman' Li Ka-shing confirms retirement at age 89
New post
Superman' Li Ka-shing confirms retirement at age 89
Image:Li Ka-shing started in business in his early teens, working for a Hong Kong plastics firm
Li Ka-shing, the Hong Kong businessman dubbed 'Superman', has confirmed he will retire in May ahead of his 90th birthday.
The announcement was made in a regulatory filing to the Hong Kong stock exchange via his sprawling ports-to-telecoms company CK Hutchison (CKH), which includes the UK mobile provider Three in its stable.
His other UK business interests include ownership of Northumbrian Water and the port of Felixstowe.
CKH confirmed Mr Li's eldest son Victor would assume the chairmanship, though his father would keep an advisory role.
His retirement will bring the curtain down on a career in business spanning 75 years that has earned him a net worth of $35bn (£25bn), according to Forbes, ranking him in the top 30 richest people in the world.
The story of how he achieved his success is one of rags to riches, however he has always stayed true to his humble roots in China by refusing many of the trappings of wealth and giving over $2bn to charitable causes.
After fleeing war in China aged 12, Mr Li started out in his early teens working for a Hong Kong plastics firm to provide for his family after dropping out of school.
His first solo venture was making and exporting plastic flowers - sowing the seeds for an empire that would eventually span more than 50 countries and earning the jovial entrepreneur the nickname 'Superman' in his adopted home of Hong Kong.
He received an honorary knighthood from the Queen in 2000.
Confirmation of his retirement coincided with the release of Hutchison's annual results showing a 6% increase in profits to $4.5bn.
Coconut-Dill Salmon With Green Beans and Corn Time : 40 minutes A fillet of salmon is foil-wrapped and placed on a hot grill to steam in its own juices after being bathed in a fragrant mixture of coconut cream, lemon, and dill. The fish is served with a light salad of fresh corn, tomatoes, green beans, and a sprinkling of feathery dill. The outcome, either warm or cold, is an excellent low-lift dish for a large gathering or a supper that can be prepared ahead of time. INGREDIENTS Yield : 6 to 8 servings 1(2-pound) salmon fillet (skin on or off) 2tablespoons plus 1 teaspoon olive oil Coarse kosher salt (such as Morton) and black pepper 1cup unsweetened coconut cream or coconut milk 2tablespoons dark brown sugar 1tablespoon sherry vinegar 1teaspoon Dijon mustard 1lemon 1cup chopped fresh dill 8ounces green beans, trimmed and halved crosswise 1cup fresh corn kernels (from 1 to 2 ears corn) 1pint cherry tomatoes, lightly crushed open or sliced into halves PREPARATION Step 1 Hea...
Falafel is generally a scrumptious vegetarian choice, and it makes a good fundamental filling for a pita sandwich. Throw in a few new veggies and tahini sauce and you have a feast. Falafel can be delighted in at room temperature or warmed prior to appreciating. RECIPES 1 tablespoon olive oil 6 pita bread loaves 18 cooked falafel balls, from homemade or store-bought falafel mix 2 medium tomatoes, diced 1 medium cucumber, unpeeled and diced 1 medium white or red onion, thinly sliced 1/4 cup finely chopped fresh parsley 3 sandwich pickles, sliced, optional Tahini sauce, homemade or store-bought, to taste. PREPARATION STEP 1 Gather the ingredients. STEP 2 Heat a large nonstick skillet or griddle to medium-high heat. Coat with olive oil and heat a pita round for 2 minutes on each side. The pita may begin to brown a little. Repeat with the remaining pita rounds, making sure to cut the top part to reveal the pocket after heating. STEP 3 Stuff each pita round wi...
Pregnant Khloé ‘went Ballistic’ When She Found Out About Tristan’s Cheating EXCLUSIVE: Khloé Kardashian "went ballistic" when she found out her baby daddy Tristan Thompson was fooling around behind her back with an Instagram model! What might be the outcome??
US, South Korea set to revise bilateral missile treaty By Laura Smith-Spark , North Korea to US (CNN) South Korean President Moon Jae-in and President Donald Trump have agreed "in principle" to revise a bilateral treaty that limits the weight and range of the South's ballistic missiles. The move could give South Korea more independence from the United States to react to the threat from North Korea, analysts say. The two leaders spoke in a phone call Friday. "President Moon and President Trump reaffirmed their view that it is important to apply maximum sanctions and pressure on North Korea so that it refrains from making provocations and comes out to the dialogue table to peacefully resolve its nuclear issue," presidential spokesman Park Soo-hyun said in a written statement. According to the statement, the two also agreed "in principle on the revision of ...
Comments
Post a Comment
comments below