R ichard Li is a Hong Kong billionaire who is a powerful and influential figure in the Asian telecommunications and media industries. He is the younger son of the legendary Hong Kong tycoon, Sir Li Ka-shing, one of Asia's richest and most powerful business figures. While his older brother, Victor Li, has taken over the leadership of the family's main conglomerate, CK Hutchison, Richard has forged his own separate and highly successful business empire.
He is the chairman of the Pacific Century Group, a diversified holding company. The group's flagship asset is PCCW, a major telecommunications and media company in Hong Kong. He has also built a major insurance business through his company, FWD Group, which has a significant presence across Asia. He is known for his shrewd and often audacious deal-making. He famously sold his early satellite television venture, Star TV, to Rupert Murdoch's News Corp for a massive profit in the 1990s, a deal that was the foundation of his personal fortune. He is a Canadian citizen but is based in Hong Kong.
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Richard Li Tzar-kai is a Hong Kong businessman, the self-made billionaire Chairman and Executive of PCCW (HKSE: 0008) (telecom) and Pacific Century Group (PCG) (finance and investments). His wealth is generational, tied to the Li family fortune, founded by his father, Li Ka-shing, the legendary Hong Kong tycoon.
Li holds a B.S. in Computer Engineering from Stanford University. His philosophical approach centers on technological disruption, strategic M&A, and long-term asset hold in the essential telecom, media, and finance sectors (often competing with his father's group). His structural contribution is tied to pioneering the modern telecommunications and insurance markets in Asia.
Richard Li's strategic genius was his commitment to technological diversification. He founded Pacific Century Group (PCG) in 1993. His structural contribution is immense: orchestrating the acquisition and consolidation of Hong Kong telecom assets (PCCW) and establishing FWD Group, which became a major pan-Asian insurance company. He successfully navigated the complex regulatory environment of the Asian telecom sector.
His wealth is secured by the colossal, long-term, stable profitability of the global telecommunications, insurance, and financial services sectors.
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Graduates with a B.S. in Computer Engineering from Stanford University (Academic Achievement).
Founds Pacific Century Group (PCG) (Founding).
PCG acquires control of HK Telecom (PCCW) (Telecom Apex).
PCG expands aggressively into insurance (FWD Group) (Strategic Diversification).
Continues as Founder and Chairman, guiding the massive conglomerate (Executive Oversight).
Richard Li's wealth is concentrated in his controlling stake and executive leadership of the publicly traded telecom giant, PCCW (HKSE: 0008), and his private conglomerate, Pacific Century Group (PCG).
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Richard Li's social impact is structural, stemming from PCCW's role in providing essential telecom and internet infrastructure in Hong Kong. His FWD Group provides essential insurance and financial protection to millions of Asian consumers. His Richard Li Foundation supports various educational and community initiatives. His structural contribution is tied to the successful industrialization and scale of the Asian telecom and financial services sectors.
His personal philanthropy supports various community and educational initiatives.
Richard Li maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global financial and technology sectors.
Residing in Hong Kong, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and the long-term stewardship of the PCG empire.
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+0.01% | +$0.27M
-0.32% | -$12.32M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
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