Richard Li Net Worth

Richard Li, the younger son of Li Ka-shing, is a Hong Kong-based entrepreneur who has established a communications and media empire with PCCW and is now expanding into the insurance sector. He is the chairman of Pacific Century Group, the majority owner of FWD, a life insurance company operating in Hong Kong and Southeast Asia. In November 2016, FWD announced its acquisition of AIG's Fuji Life Insurance, and PCCW launched ViuTV, a Chinese-language free-to-air TV service in Hong Kong, with an English-language channel coming this year. Pacific Century Group also has interests in financial services, technology, and property.
Richard Li is a member of Telecom

Age, Biography and Wiki

Birth Day November 08, 1966
Birth Place Hong Kong, Hong Kong, Hong Kong
Richard Li age 56 YEARS OLD
Birth Sign Sagittarius
Citizenship Hong Kong  Canada
Partner(s) Isabella Leong (2008–2011)
Children 3
Parent(s) Li Ka-Shing Chong Yuet Ming
Relatives Victor Li Tzar-kuoi (brother)
Traditional Chinese 李澤楷
Simplified Chinese 李泽楷
TranscriptionsStandard MandarinHanyu Pinyin Transcriptions Standard Mandarin Hanyu Pinyin Lǐ Zékǎi Lǐ Zékǎi
Hanyu Pinyin Lǐ Zékǎi

💰 Net worth: $4.6 Billion (2024)

Richard Li, also known as Telecom in Hong Kong, is a renowned business tycoon whose net worth is estimated to be $4.6 billion in 2024. As the chairman of Pacific Century Group, a diversified investment group with a strong presence in the telecommunications sector, Li has played a pivotal role in shaping Hong Kong's telecom industry. His strategic acumen and visionary leadership have propelled him to great success, allowing him to amass such an impressive fortune. With his vast wealth and influential position, Richard Li continues to make significant contributions to the development of Hong Kong's telecommunications landscape.

2009 $1.1 Billion
2010 $1.3 Billion
2011 $1.4 Billion
2012 $1.3 Billion
2013 $1.9 Billion
2014 $1.9 Billion
2015 $4.5 Billion
2016 $4.6 Billion
2017 $4.4 Billion
2018 $4.47 Billion

Biography/Timeline

1980

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.

1993

Richard Li founded Pacific Century Group (PCG) in 1993, an Asia-based long-term private investment group with interests across three core Business pillars – financial services, Technology, media & telecommunications (TMT), and property. In 1996, Pacific Century CyberWorks (PCCW) is founded, and was later renamed to PCCW Limited. Four years later, PCCW acquired Cable & Wireless HKT, formerly known as The Hong Kong Telephone Company Ltd., and formed the company with businesses in telecommunications, media, IT solutions, property development and investment, and other businesses.

2002

During the 2002–03 SARS outbreak, PCCW under Li's direction aided victims by providing Telecommunication services to patients, medical staff, and fundraisers; namely, they set up video conferencing for quarantined SARS victims and volunteers to communicate with their families, telephone hotline support for isolated patients and communities to receive medical and legal advice. Li also established a story time program for children kept home to prevent infection, and call centre support for charity fundraisers and community Activists.

2006

In 2006, Li donated CA$1 million to the Canadian National Arts Centre Foundation, which led to the establishment of the Annual Richard Li Young Artist Chair, putting young Musicians each year under the mentorship of musical maestros.

2007

Later, in 2007, under Li's direction PCCW volunteers participated in the District Elderly Campaign sponsored by the Oriental Daily News Charitable Fund, the Sun Charitable Fund, and Po Leung Kuk. The campaign' mission was to deliver gift packages to the elderly living in the Lower Ngau Tau Kok Estate.

2009

Li was a representative of the Hong Kong government at the APEC Business Advisory Council (ABAC) from 2009 to 2014. He was praised by the Secretary for Commerce and Economic Development, Rita Lau, for "helping [to] raise Hong Kong's profile in this important regional Business forum".

2011

In March 2011, Isabella announced to the media that the couple have ended their relationship. They have both announced that the split is amicable and that they will both take care of the children.

2013

In October 2013, FWD Group appoint Ronald Arculli as Chairman. In April 2015 former Canadian foreign affairs minister John Baird was appointed as non-executive Director to FWD and PineBridge.

2015

In March 2015, PCCW Media acquired mobile video provider VuClip and launched Viu. As of August 2017, Viu’s over-the-top (OTT) video Service rolled out to 24 markets globally including Hong Kong, Singapore, Indonesia, Malaysia, India and Thailand.

2017

PCCW OTT provides video streaming services under the “Viu” and “Vuclip” brands as well as a music streaming Service under the “MOOV” brand. In August 2017, it secures new Investors including Hony Capital, Foxconn Ventures and Temasek.

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