Asia's Richest Man Sets Succession Plan

Hong Kong telecommunications billionaire , the younger son of Asia's richest man , is in acquisition talks with "several sizeable companies,"??the elder Li??said at a press conference on Friday, according to a front-page report in today's South China Morning Post.?? The businesses hold "long-term" prospects and aren't in the media and entertainment industries,??the father??said. , ...

HONG KONG (Reuters) - Octogenarian Hong Kong billionaire Li Ka-shing mapped out a succession plan for one of Asia's biggest family empires, ensuring a smoother transition for the Cheung Kong group than that of real estate rival Sun Hung Kai Properties .

Octogenarian Hong Kong billionaire Li Ka-shing mapped out a succession plan for one of Asia's biggest family empires, ensuring a smoother transition for the Cheung Kong group than that of real estate rival ...

Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, apparently overtaking North America for the first time. There were 1,453 people around the world with a personal wealth of $1 billion or more as of January, said the Hurun Report, a luxury magazine publisher that compiled the list.

Hong Kong billionaire Li Ka-shing on Friday confirmed that his eldest son will eventually control his business empire, but the 83-year-old tycoon dismissed suggestions that he is about to retire.Eldest son Victor Li has long been expected to take over Cheung Kong Group and Hutchison Whampoa after his father steps aside, so Li's comments to reporters after a shareholders' meeting came as no surprise.

Moving??up during the course of his life from??humble circumstances as a fatherless teenager to one of the world?s??richest business leaders and most generous philanthropists, Li Ka-shing for many in Asia represents a model of how to succeed in the world.?? Books about his approach to life and business ? mostly in Chinese and all unauthorized ...

Having lost your older son in an stand off with the police, the younger one gravely wounded and recently moved to maximum security prison, while alleging both have been set up by the FBI in the recent Boston Marathon bombing, what do you do? Abandon all plans to see them, apparently, despite announcing just a few days ago that burying your dead and "finding out the truth" is the main priority.