In Europe and the United States, there are many old giants, such as the Rothschild family that we are familiar with, and the Rockefeller family in the United States. However, there are very few veteran giants like Asia. Many of these European and American giants have been rich for a hundred years and are now no longer found on the wealth list, but they are very powerful, even richer than many of the richest men on the wealth list.
But now in China, there is a family that is developing in this direction, and this family is the Li Ka-shing family. Recently, the Li Ka-shing family has gained a lot. Father Li Ka-shing has just earned 20 billion yuan, and his son Li Zekai has earned another 200 billion yuan. The Li Ka-shing family can be regarded as the richest family in China.
Recently, Li Ka-shing's Hutchison Pharmaceuticals was successfully listed in Hong Kong. After the company went public, its market value soared by 110% on the first day, surpassing the 70 billion mark. Li Ka-shing holds more than 40% of the shares, with a total profit of 30 billion.
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The 30 billion that Li Ka-shing earned here is still a small amount, and Li Zekai will soon have a big crocodile to be listed. Li Zekai's private investment company will soon be listed in the United States. This company holds more than 70% of the shares of FWD Insurance, the largest insurance company in Southeast Asia. FWD Insurance currently has total assets of up to 500 billion Hong Kong dollars. After listing, the market value is expected to reach 30 billion US dollars. According to Li Zekai's holdings, he will make 200 billion Hong Kong dollars in profit.
The wealth of Li Ka-shing and Li Zekai's father and son is more than that. Li Ka-shing's business covers more than 50 countries around the world, involving industries such as ports, energy, telecommunications, real estate, and retail. Li Ka-shing's Hutchison Telecommunications has recently prepared a special dividend. Li Ka-shing personally will receive approximately 2 billion dividends from Hutchison Telecommunications.
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Li Ka-shing's wealth is now underestimated because his business is not highly valued in the capital market. However, although these businesses are not highly valued, they can earn a lot of cash dividends for Li Ka-shing every year. When Li Ka-shing sold part of Watson's shares, he received a dividend of 7 billion. In addition, the Cheung Kong Group and the two flagship companies of CKH Holdings can contribute nearly tens of billions of dividends to Li Ka-shing every year. The total profit of the two companies is as high as 70 or 80 billion.
The dividends Li Ka-shing has received over the years is an astronomical figure. This is why Li Ka-shing is the richest man with the most cash.
In fact, many people cannot believe how big Li Ka-shing's business is. Just talk about Li Ka-shing’s port business, five of the world’s 10 largest ports are in the hands of Li Ka-shing. In addition, 13 of the 21 ports in Hong Kong are in the hands of Li Ka-shing. In addition, Shenzhen’s Yantian Port, Zhuhai’s International Container Terminal, and Jiangmen’s International Container Terminal are also Li Ka-shing’s assets.
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Li Ka-shing's port business alone has a profit of more than tens of billions a year. In fact, the port business is very similar to commercial real estate, which is similar to the rent collection model. Although the investment is large and the payback period is very long, it is very stable. These businesses are very much liked by Li Ka-shing.
In addition, Li Ka-shing released a report some time ago. This report records in detail all the properties of the Li Ka-shing family in the world, including the value of the property, rental income, etc., of which 100 billion are located in the mainland, and the remaining 300 billion. In Hong Kong, there are about 20 to 30 billion in assets in Singapore and the United Kingdom.
The market value of Li Ka-shing's Cheung Kong Industrial Center in Hong Kong alone is now as high as 30 or 40 billion. In addition, the market value of the Hutchison Building under reconstruction has exceeded 20 billion. Relying on these real estate properties, Li Ka-shing can collect about more than 7 billion rents worldwide a year.
Generally speaking, if you are in an asset-heavy business, funds must be very tight. But Li Ka-shing is an exception, his company debt ratio is very low. So why can Li Ka-shing achieve such a result with such a low debt ratio? The answer is cycle.
Li Ka-shing is very good at using economic cycles. During the economic downturn, the revenue and profits of these infrastructure businesses were affected, and their valuations were very low. But in fact, the value of these assets is still there. As long as the economy picks up, the market value will rise. Therefore, Li Ka-shing can always buy these assets at very low prices when the economy is low. When the economy picks up, Li Ka-shing will sell some of the non-core assets, and then hold some of the core assets in his hands and hold them for a long time. There are benefits.
The Li Ka-shing family has also gradually disappeared from the wealth list. Most of their wealth has been hidden from them, and no one knows their true wealth.
The father just made 30 billion yuan, and his son made another 200 billion yuan, making it the richest family in China.