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Richard Li

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841:, PCCW provided telecommunication services to patients, medical staff, and fundraisers. Li also established a story time program for children kept home to prevent infection, and call centre support for charity fundraisers and community activists. Under Li, PCCW also donated $ 1 million to the Business Community Relief Fund for Victims of SARS, with employees volunteering man-hours as well. Later in 2007, PCCW volunteers participated in the District Elderly Campaign, which delivers gift packages to the elderly. 55: 611:
Trust, the listing plan was approved by the exchange in June 2011 and PCCW shareholders on October 12, 2011, allowing for the creation of Hong Kong's first publicly traded business trust. The IPO ultimately raised around $ 1.2 billion. with PCCW maintaining a majority interest in both HKT Trust
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In 2018, Li was quoted stating that his insurance businesses took up "70% to 80% of his time," with Li focused on expanding FWD in the Southeast Asian markets. In 2019, FWD had around $ 30 billion in assets under management. Also in 2019, Li's HKT announced it was
880:, gave birth to their son Ethan in April 2008, followed by twin sons in June 2010. Leong announced in March 2011 that the couple had amicably ended their relationship and that both would be caring for the children. Li is a 750:
He continued to chair Pacific Century Group in 2020, and remained chairman of PCCW Ltd. and HKT Limited. Also on the boards of companies such as PineBridge, Li oversees PCCW subsidiaries such as PCCW Media and the IT and
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magazine, the service "triggered a vast cultural shift, injecting a massive dose of Western popular entertainment into... more than 50 countries ." STAR TV proved lucrative, and in 1993 and 1995 Li sold the network to
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for US$ 38 billion in 2000, in "what was then Asia's largest corporate takeover." The acquisition made PCCW the largest fixed-lined network and wireless operator in Hong Kong. Li joined the board of the
550:(PCG), an Asia-based investment group with Li serving as CEO and chairman. Li subsequently oversaw PCG's investments in real estate, financial services, technology, and media & telecommunications. 2065: 1218: 2532: 747:
establishing one of the first licensed virtual banks in Hong Kong, and in 2020 launched 5G wireless services. Under Li, the insurance group bolttech was launched in early 2020.
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list of Hong Kong's 50 richest people for 2017. The same publication named him 385th in the list of the world's billionaires, with an estimated fortune of $ 4.3 billion.
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In 2004, he created the property company PCPD, or Pacific Century Premium Developments, as a spinoff from PCCW, and was chairman of PCPD from 2004 until 2019.
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Apprentices with the National Arts Centre's Institute for Orchestral Studies selected to hold the title of Richard Li Young Artists Chair for 2009–2010 season
2507: 1903: 1056: 834:, which led to the establishment of the Annual Richard Li Young Artist Chair, putting young musicians each year under the mentorship of musical maestros. 2487: 1273: 2288: 1732: 1603: 442:. Richard Li currently serves as chairman of PCG, PCCW Ltd. and HKT Limited. He is also on the boards of companies including Pinebridge Investments. 1827: 2317: 1933: 2517: 2069: 1412: 2502: 760: 729: 1760: 1853: 573:(PCCW). Serving as the company's chairman starting in 1999, he remained chairman when the company changed its name to PCCW Ltd. in 2002. 469: 2527: 2497: 1434: 2192: 1578: 2512: 861: 2242: 881: 796: 623:, for HK$ 18.8 billion. The transaction was completed in early 2014. In March 2015, PCCW Media acquired the mobile video provider 693: 631:. Viu was rolled out to 24 markets globally over the next two years, and, by 2017, Viu, Vuclip, and the music streaming service 2492: 811: 2429: 2015: 2522: 1904:"How a failing Japanese ski resort became Aspen of Asia as luxury hotels and wealthy Asians replaced backpackers and hostels" 1878: 721: 371: 306: 1552: 1510: 1142: 2172: 838: 320: 1355: 752: 448:
listed his net worth in 2020 at $ 4.5 billion, ranking him 20th on its list of the richest businesspeople in Hong Kong.
904: 521: 416: 38:. In accordance with Hong Kong custom, the Western-style name is Richard Li and the Chinese-style name is Li Tzar-kai. 764: 2482: 1938: 1015: 554: 814:, but his association with the university has since ended. He is a full member of the Hong Kong Computer Society. 612:
and HKT Limited. In November 2011, Li became chairman of HKT Trust, HKT Limited, and HKT's executive committee.
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In his early financial dealings with PCCW, his Canadian citizenship allowed him to bid on companies such as
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is a Hong Kong businessman and philanthropist. The founder and chairman of the private investment group
109: 1113: 1046: 848:, Li's PCG donated surgical masks to health care workers and NGOs in Hong Kong in February 2020. 696:
as a non-executive director to both FWD and PineBridge. By 2016, Li had overseen FWD's expansion into
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as FWD chairman in October 2013. In 2015, Li then appointed former Canadian foreign affairs minister
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As chairman of both PCCW and PCCW's executive committee, in 2011 Li was involved in the spinoff and
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in 2007 through his company Pacific Century Premium Developments, development was delayed by the
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had been bundled into the company PCCW OTT. That August, PCCW OT secured new investors including
616: 514: 64: 2040: 1294: 1251: 845: 608: 590: 585: 510: 480:. In high school, he worked at McDonald's and as a caddy at the local golf course. He studied 424: 216: 78: 1629: 725: 530: 343: 1765: 1630:"PCCW Media raises $ 110M for its video and music streaming services in Asia | TechCrunch" 1307: 938: 837:
Through PCCW, Li has overseen a number of relief efforts and charity programs. During the
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for Information Technologies and Telecommunications, as well as a representative of the
2262: 1195: 873: 776: 689: 536: 236: 27: 984: 807:, for "helping raise Hong Kong's profile in this important regional business forum". 419:, a pan-Asian television network. After founding PCG in 1993, he went on to establish 2466: 2198: 1439: 905:"Richard Tzar-Kai LI - Personal Appointments (free information from Companies House)" 784: 20: 1854:"FWD Group Completes Acquisition of AIG Fuji Life Insurance Company | FWD Hong Kong" 672:
Re-entering the insurance business, in March 2013, Li's PCG acquired the Hong Kong,
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until 1987. Citing personal reasons, he withdrew from university after three years.
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For the first three years of his career, Li managed funds at an investment bank in
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Li is currently a member of the Global Information Infrastructure Commission, the
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By 2018, he had invested a total of US$ 930 million in the project, with an
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in the 1980s. In 1990 he began working in the fund-management department at
465: 457: 439: 364: 159: 118: 87: 1705:"PineBridge Investments, assets under management, data as of 30 June 2017" 888:. In 2016, Li bought his own top-level domain (.richardli) for $ 250,000. 584:
without running afoul of restrictions on foreign ownership. PCCW acquired
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medal for "outstanding business and charitable contributions to Canada."
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for around $ 500 million, renaming the asset management company
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Using the funds raised from the sale of STAR TV, in 1993 Li founded
2091: 688:, Li expanded FWD Group through acquisitions, appointing 1413:"HKT's acquisition of CSL makes Richard Li telecoms kingpin again" 759:
estimated his net worth at $ 4.5 billion, ranking him 20th on its
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This article is about the businessman. For the film director, see
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from 1992 until 1993 and deputy chairman from 1993 until 2000.
1143:"Asia: Pacific Century Group completes acquisition of ING units" 632: 570: 420: 415:(PCG), Li started his career in the 1990s with the founding of 150: 1733:"Richard Li appoints Ronald Arculli as chairman of insurer FWD" 1604:"Hony Capital, Foxconn Ventures and Temasek invest in PCCW OTT" 1963:"Southeast Asia has huge potential for insurance – Richard Li" 1469:"PCCW Said to Win Approval for First Hong Kong Business Trust" 1047:"UPDATE 3-PCCW's HKT Trust to raise $ 1.2bln in Hong Kong IPO" 662: 540: 431: 2456: 1761:"Richard Li's FWD Group acquiring an Asian insurance empire" 615:
With Li as chairman, in December 2013 HKT agreed to acquire
2110:"Appointment of Hong Kong, China's representatives to ABAC" 1928: 1926: 1828:"Richard Li's FWD Poised to Buy AIG's Fuji Life Insurance" 1494:"PCCW Seeks Listing for TrustPCCW Seeks Listing for Trust" 1275:
H.K. tycoon Richard Li confirms he is no Stanford graduate
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for $ 2.1 billion, renaming it FWD Group. With backing by
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Members of the Election Committee of Hong Kong, 2021–2026
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Members of the Election Committee of Hong Kong, 2017–2021
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Members of the Election Committee of Hong Kong, 2007–2012
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in the United States and Canada, as well as a licensed
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spent their childhoods in Hong Kong, where Li attended
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In 2010, PCG acquired the asset management business of
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Li was awarded the Lifetime Achievement Award by the
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Li attending the trophy presentation ceremony of the
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Elzio Barreto and Lee Chyen Yee (23 November 2011).
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in November 2011. He has also been presented with a
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Cable and Satellite Broadcasting Association of Asia
1754: 1752: 1750: 1076: 1074: 661:In September 2009, Li oversaw PCG's acquisition of 384: 370: 363: 349: 342: 337: 319: 305: 296: 275: 264: 252: 244: 232: 222: 200: 195: 179: 148: 138: 107: 76: 45: 1897: 1895: 1770: 1727: 1725: 2372:"Talk of other women way off the money, says Li" 933: 931: 929: 927: 925: 799:(ABAC) from 2009 to 2014. He was praised by the 460:, Richard Li Tzar-kai is the son of businessman 2167: 2165: 801:Secretary for Commerce and Economic Development 761:list of the richest businesspeople in Hong Kong 1511:"PCCW shareholders approve HKT Trust spin-off" 1247:"Hong Kong Rich Kid Turns Asia on Its Headset" 781:Center for Strategic and International Studies 513:in Hong Kong. At Hutchison Whampoa, he was an 755:company PCCW Solutions. As of December 2020, 325: 311: 8: 2173:"FAA Registry: Airmen Certification Inquiry" 2066:"Global Conference 2015 Speaker: Richard Li" 520:In 1990, Li began building his own company, 2533:Alumni of St. Paul's Co-educational College 1407: 1405: 603:of PCCW's telecommunications assets on the 1010: 1008: 1006: 1004: 334: 53: 42: 2318:"Isabella Leong gives birth to twin sons" 1879:"Great Eastern Vietnam sold to FWD Group" 1350: 1348: 1346: 1344: 1342: 1016:"Richard Li May Join Bell Canada Bidders" 739:, apartments, and two hotels including a 593:in 2001, retaining the role until 2017. 787:. He was previously the Governor of the 2263:"Richard Li - Towards A Winning Vision" 2159:, Chinese University of Hong Kong, 2020 2146:, Chinese University of Hong Kong, 2011 1467:Hu, Fox; Lee, Mark (9 September 2011). 1082:"A.I.G. Closes Deal to Sell Pinebridge" 978: 976: 974: 972: 970: 968: 966: 964: 962: 896: 2538:People who fabricated academic degrees 2243:"100,000 masks for Hospital Authority" 1303: 1292: 1114:"Li Is Back in Game with AIG Purchase" 557:from 1993 until 2000, and chairman of 293: 1245:Courtney, Christine (11 April 1994). 1059:from the original on 13 December 2011 810:Li served as a council member of the 783:' International Councillors Group in 627:, and launched the streaming service 7: 1385:"Milestones - Pacific Century Group" 1322:"Leadership - Pacific Century Group" 730:2011 earthquake and tsunami disaster 619:New World Mobility, a subsidiary of 2428:Francisco, Kieren McCarthy in San. 2508:Hong Kong financial businesspeople 2267:2015.forbesglobalceoconference.com 1961:Olano, Gabriel (31 October 2018). 1577:Frater, Patrick (10 August 2017). 862:Queen Elizabeth II Diamond Jubilee 743:nearing completion by late 2019. 14: 2488:Cable television company founders 1987:Pui Gwen, Yeung (8 August 2019). 720:After Li purchased the 470:St. Paul's Co-educational College 2155:Chinese University of Hong Kong 2142:Chinese University of Hong Kong 1112:Carew, Rick (7 September 2009), 983:McGill, Douglas C. (July 2005), 765:list of the world's billionaires 553:He was an executive director at 2406:, RichardLi.com, archived from 1902:Giles, Oliver (22 April 2018). 1628:Russell, Jon (10 August 2017). 1278:, 26 March 2001, archived from 826:1 million to the Canadian 812:Chinese University of Hong Kong 391: 377: 2518:Naturalized citizens of Canada 2378:, 2 March 2011, archived from 2324:, 14 July 2010, archived from 2295:, 16 June 2009, archived from 2221:Richard Li's Philanthropy page 1799:Chase, Steven (2 April 2015). 1759:Weinland, Don (28 June 2019). 797:APEC Business Advisory Council 356: 326: 312: 1: 2503:Hong Kong emigrants to Canada 1492:Nisha Gopalan and Polly Huy, 1217:Zhang, Karen (4 July 2019). 753:business process outsourcing 2096:Hong Kong APEC Policy Group 1967:Insurance Business Magazine 771:Boards and public positions 464:. Li and his older brother 2569: 2528:Stanford University alumni 2498:Hong Kong chief executives 844:After the outbreak of the 571:Pacific Century CyberWorks 555:Hongkong Electric Holdings 25: 18: 2513:Hong Kong philanthropists 607:. With the spinoff named 402: 333: 301: 288: 191: 167: 156: 126: 115: 95: 84: 72: 52: 2459:at Pacific Century Group 2092:"Hong Kong ABAC Members" 1909:South China Morning Post 657:PineBridge and FWD Group 605:Hong Kong Stock Exchange 586:Cable & Wireless HKT 569:In 1996, Li established 452:Early life and education 307:Traditional Chinese 2224:, Faces of Philanthropy 1535:"PCCW, company profile" 1360:The Wall Street Journal 1118:The Wall Street Journal 601:initial public offering 582:Bell Canada Enterprises 438:. In 2013, PCG founded 321:Simplified Chinese 144:Charles Chan Kwok-keung 2493:Hong Kong billionaires 2376:The Hong Kong Standard 680:insurance business of 667:PineBridge Investments 436:PineBridge Investments 61:Queen Elizabeth II Cup 2523:Pacific Century Group 2131:Hong Kong Gov website 2114:Hong Kong Gov website 1557:Marketing Interactive 1389:Pacific Century Group 1326:Pacific Century Group 839:2002–03 SARS outbreak 647:. Li was 15th in the 548:Pacific Century Group 413:Pacific Century Group 110:Pacific Century Group 16:Hong Kong businessman 2299:on 29 September 2009 1356:"Topics: Richard Li" 828:National Arts Centre 822:In 2006, Li donated 793:Hong Kong government 789:World Economic Forum 507:Canadian citizenship 482:computer engineering 478:Atherton, California 186:Peter Oei Hong Leong 2434:www.theregister.com 2351:Channelnewsasia.com 2293:Channelnewsasia.com 2251:. 20 February 2020. 2201:on 31 December 2009 1775:on 10 December 2022 1498:Wall Street Journal 1366:on 10 February 2013 985:"Empire of the Son" 763:, and 401st on its 716:Recent developments 526:American television 486:Stanford University 409:Richard Li Tzar-kai 282:Stanford University 269:Victor Li Tzar-kuoi 233:Domestic partner(s) 2353:, 28 February 2011 2133:, 23 December 2010 1942:. 31 December 2019 1834:. 14 November 2016 1806:The Globe and Mail 1709:www.pinebridge.com 1500:, 1 September 2011 1415:. 20 December 2013 1302:Unknown parameter 1282:on 1 December 2007 1087:The New York Times 1020:The New York Times 565:PCCW and HKT Trust 515:executive director 434:and renamed it to 65:Sha Tin Racecourse 2483:Bank of East Asia 2179:, Updated monthly 2116:, 20 January 2009 1735:. 24 October 2013 1252:Los Angeles Times 939:"#401 Richard Li" 846:COVID-19 pandemic 591:Bank of East Asia 543:$ 950.5 million. 511:Hutchison Whampoa 406: 405: 398: 397: 372:Yale Romanization 344:Standard Mandarin 292: 291: 217:British Hong Kong 79:Hong Kong Telecom 2560: 2445: 2444: 2442: 2440: 2425: 2419: 2418: 2417: 2415: 2397: 2391: 2390: 2389: 2387: 2368: 2362: 2361: 2360: 2358: 2343: 2337: 2336: 2335: 2333: 2314: 2308: 2307: 2306: 2304: 2285: 2279: 2278: 2276: 2274: 2259: 2253: 2252: 2239: 2233: 2232: 2231: 2229: 2216: 2210: 2209: 2208: 2206: 2189: 2180: 2169: 2160: 2153: 2147: 2140: 2134: 2123: 2117: 2106: 2100: 2099: 2088: 2082: 2081: 2079: 2077: 2072:on 25 March 2016 2068:. 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According to 503:Toronto, Canada 499: 494: 454: 432:AIG Investments 378:Léih jaahk káai 260:Chong Yuet-ming 259: 240: 215: 212: 211:8 November 1966 206: 204: 180: 174: 168: 163: 139: 133: 127: 122: 102: 96: 91: 68: 48: 39: 24: 17: 12: 11: 5: 2566: 2564: 2556: 2555: 2550: 2545: 2540: 2535: 2530: 2525: 2520: 2515: 2510: 2505: 2500: 2495: 2490: 2485: 2480: 2475: 2465: 2464: 2461: 2460: 2452: 2451:External links 2449: 2447: 2446: 2420: 2392: 2363: 2338: 2309: 2280: 2254: 2234: 2211: 2181: 2161: 2148: 2135: 2125:Press release 2118: 2108:Press Release 2101: 2083: 2057: 2032: 2007: 1979: 1953: 1939:Business Times 1922: 1891: 1870: 1858:www.fwd.com.hk 1845: 1819: 1786: 1746: 1721: 1696: 1669: 1642: 1620: 1595: 1569: 1544: 1523: 1502: 1485: 1454: 1443:. 12 July 2006 1426: 1401: 1376: 1338: 1313: 1265: 1237: 1209: 1155: 1129: 1101: 1070: 1032: 1000: 989:Wired Magazine 958: 921: 895: 893: 890: 882:licensed pilot 874:Isabella Leong 869: 866: 853: 850: 830:Foundation in 819: 816: 777:United Nations 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Index

Li Han Hsiang
Hong Kong name
surname

Queen Elizabeth II Cup
Sha Tin Racecourse
Hong Kong Telecom
Incumbent
Pacific Century Group
Incumbent
PCCW
Incumbent
Peter Oei Hong Leong
British Hong Kong
Canada
Isabella Leong
Li Ka-shing
Victor Li Tzar-kuoi
Alma mater
Stanford University
Traditional Chinese
Simplified Chinese
Standard Mandarin
Hanyu Pinyin
Yue: Cantonese
Yale Romanization
Jyutping
Pacific Century Group
STAR TV
PCCW

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