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.