Pursuits
Billionaire Li Set to Reclaim Spot as Asia’s Richest Person
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Hong Kong billionaire Li Ka-shing is set to regain his spot as Asia’s richest person as flagship Cheung Kong Holdings Ltd.’s shares surged the most in more than six years following his $24 billion reorganization plan.
The 86-year-old tycoon has a $30.8 billion fortune as of the close in Hong Kong. That puts him almost $3 billion ahead of Jack Ma, the billionaire chairman of Hangzhou, China-based Alibaba Group Holding Ltd., who was worth $28.2 billion as of Jan. 9, according to Bloomberg Billionaires Index.