Li retakes Asia's richest person crown
By Bloomberg | China Daily | Updated: 2015-01-13 08:26
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 17 years following his announcement of a $24 billion reorganization plan.
The 86-year-old Hong Kong tycoon has a $30.8 billion fortune based on the trading of his shares. That puts him almost $3 billion ahead of Jack Ma, the billionaire chairman of Hangzhou-based Alibaba Group Holding Ltd, who's worth $28.2 billion as of Friday, according to Bloomberg Billionaires Index.
The increase in Li's wealth is set to make him the 15th richest person in the world, overtaking European retail billionaires Bernard Arnault and Stefan Persson.
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