Li Ka-shing's net worth has evaporated by nearly 654.38 billion. What caused it?

The reason is that the British economy is depressed, and naturally Li Ka-shing's net worth has evaporated by nearly 654.38+0 billion.

According to the 2022 annual results released by Changjiang Industry, the total revenue during the period was HK$ 335.7 billion, down 9.1%year-on-year; The net profit was HK$ 654.38+05.4 billion, down by 654.38+08.2% compared with the same period of last year, which means that the value of Li Ka-shing has shrunk by nearly RMB 654.38+00 billion.

1. Why did Li Ka-shing's wealth shrink?

In fact, although Li Ka-shing's worth has shrunk, it is not entirely due to his own problems. The reason is that his two sons were convicted, namely, Li Zeju, the eldest son, and Li Zekai, the second son, which also caused their property to shrink. If the market value of A shares held by Li Ka-shing in the middle of last year is about 4 trillion, the second son Li Zeju holds a market value of about 70 billion US dollars this year, while Li Zekai's net worth is as high as 50 billion US dollars; According to the market value, the market value of the second son Li Zekai is about $80 billion. In other words, at present, his son Li Zekai is worth about 40 billion yuan (about 70 billion US dollars).

Second, how did Li Ka-shing become the richest man from a businessman?

As we all know, when Li Ka-shing started his business, Li Ka-shing traveled almost all the places where he could see capital because of his extreme thirst for capital. So he quickly borrowed a lot of cash from the bank. Then, after slowly accumulating funds in the market, I didn't rush to sell my assets, but chose to earn more in the stock market. Then he began to invest heavily in real estate, and even set foot in hotels, shipping, ports and other fields. Since then, Li Ka-shing has gradually changed his family assets from a Hong Kong businessman to the richest man in Hong Kong by virtue of his massive investment in investment properties. Today, Li Ka-shing's family assets exceed HK$ 654.38+050 billion and its employees are nearly 8,500. He also became one of the richest entrepreneurs in China with a net worth of US$ 42 billion (about RMB 379.2 billion).