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
746:
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
2552:
2547:
2542:
534:
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
2371:
1081:
588:
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.
1988:
653:
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.
2379:
1962:
1800:
2537:
800:
780:
1468:
596:
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.
2194:
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.
2401:
2247:
1908:
604:
506:
2346:
1279:
600:
581:
576:
In his early financial dealings with PCCW, his
Canadian citizenship allowed him to bid on companies such as
2296:
1493:
2477:
1534:
666:
435:
60:
1650:
1246:
2325:
628:
547:
412:
411:
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
2472:
2156:
2143:
827:
792:
788:
692:
as FWD chairman in
October 2013. In 2015, Li then appointed former Canadian foreign affairs minister
561:-based Pacific Century Regional Developments Limited starting in 1994, a role he still held in 2020.
481:
477:
185:
599:
As chairman of both PCCW and PCCW's executive committee, in 2011 Li was involved in the spinoff and
1223:
525:
485:
281:
268:
1771:
1219:"Son of HK's richest man to stay on Shantou University council, his foundation says amid concerns"
2126:
2109:
1805:
1086:
728:
in 2007 through his company
Pacific Century Premium Developments, development was delayed by the
635:
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
823:
502:
791:
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,
488:
until 1987. Citing personal reasons, he withdrew from university after three years.
1363:
1190:
636:
501:
For the first three years of his career, Li managed funds at an investment bank in
473:
350:
54:
1704:
775:
Li is currently a member of the Global Information Infrastructure Commission, the
2219:
701:
461:
256:
1553:"PCCW Media looks beyond Hong Kong with Vuclip investment - Marketing Magazine"
1989:"Billionaire Richard Li's HKT Says Profit Up 16%, Targets 5G Launch Next Year"
885:
740:
577:
276:
1677:
735:
By 2018, he had invested a total of US$ 930 million in the project, with an
697:
681:
558:
509:
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
877:
864:
medal for "outstanding business and charitable contributions to Canada."
804:
685:
677:
385:
1435:"After Selling PCCW, in which industry will RICHARD LI find his future?"
1384:
1321:
1051:
705:
644:
640:
620:
31:
1934:"Lured by deep powder, foreigners are investing in the Aspen of Japan"
1801:"John Baird lands yet another job as adviser to Hong Kong billionaire"
665:
for around $ 500 million, renaming the asset management company
1993:
1682:
1655:
943:
857:
831:
649:
624:
444:
226:
2407:
1137:
1135:
1133:
546:
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
736:
709:
673:
19:
This article is about the businessman. For the film director, see
2197:, Canada: National Arts Centre, 30 September 2009, archived from
517:
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
684:
for $ 2.1 billion, renaming it FWD Group. With backing by
2553:
Members of the Election Committee of Hong Kong, 2021–2026
2548:
Members of the Election Committee of Hong Kong, 2017–2021
2543:
Members of the Election Committee of Hong Kong, 2007–2012
1462:
1460:
1458:
1107:
1105:
524:, a pan-Asian satellite-television network that streamed
390:
376:
2289:"Isabella Leong a few obstacles away from becoming a Li"
2347:"Isabella Leong announces split from tycoon Richard Li"
2016:"Pacific Century Group appoints group CEO of bolttecht"
1185:
1183:
1181:
1179:
884:
in the United States and Canada, as well as a licensed
468:
spent their childhoods in Hong Kong, where Li attended
430:
In 2010, PCG acquired the asset management business of
2187:
2185:
1794:
1792:
1790:
1177:
1175:
1173:
1171:
1169:
1167:
1165:
1163:
1161:
1159:
472:. He left Hong Kong at age thirteen to be educated at
2430:"Meet the man who owns his own piece of the internet"
2127:"Re-appointment of Hong Kong representatives to ABAC"
1579:"Hony, Foxconn, Temasek Back PCCW Streaming Ventures"
1529:
1527:
856:
Li was awarded the Lifetime Achievement Award by the
355:
59:
Li attending the trophy presentation ceremony of the
1045:
Elzio Barreto and Lee Chyen Yee (23 November 2011).
1040:
1038:
1036:
860:
in November 2011. He has also been presented with a
858:
Cable and Satellite Broadcasting Association of Asia
1754:
1752:
1750:
1076:
1074:
661:In September 2009, Li oversaw PCG's acquisition of
384:
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349:
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275:
264:
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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
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2140:
2134:
2123:
2117:
2106:
2100:
2099:
2088:
2082:
2081:
2079:
2077:
2072:on 25 March 2016
2068:. Archived from
2062:
2056:
2055:
2054:
2052:
2037:
2031:
2030:
2028:
2026:
2012:
2006:
2005:
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1824:
1818:
1817:
1815:
1813:
1796:
1785:
1784:
1782:
1780:
1774:
1769:. Archived from
1756:
1745:
1744:
1742:
1740:
1729:
1720:
1719:
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1701:
1695:
1694:
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1371:
1362:, archived from
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1337:
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1311:
1305:
1300:
1298:
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957:
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935:
920:
919:
917:
915:
901:
878:Hong Kong singer
872:Li's girlfriend
726:Niseko, Hokkaido
641:Foxconn Ventures
456:Born in 1966 in
394:
393:
392:Lei5 zaak6 kaai2
380:
379:
359:
358:
335:
329:
328:
315:
314:
294:
214:
210:
208:
196:Personal details
182:
172:
141:
131:
103:11 November 2011
100:
67:on 30 April 2023
57:
43:
2568:
2567:
2563:
2562:
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2557:
2463:
2462:
2453:
2448:
2438:
2436:
2427:
2426:
2422:
2413:
2411:
2410:on 15 July 2011
2399:
2398:
2394:
2385:
2383:
2382:on 28 June 2011
2370:
2369:
2365:
2356:
2354:
2345:
2344:
2340:
2331:
2329:
2328:on 2 March 2011
2316:
2315:
2311:
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2300:
2287:
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2272:
2270:
2261:
2260:
2256:
2241:
2240:
2236:
2227:
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2213:
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2163:
2154:
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2107:
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2048:
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2014:
2013:
2009:
1999:
1997:
1986:
1985:
1981:
1971:
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1960:
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