Mon Mar 17 12:30:00 UTC 2025: ## Hong Kong Tycoon Li Ka-shing Dies at 97

**HONG KONG –** Li Ka-shing, the founder of Cheung Kong Holdings and one of Asia’s most prominent businessmen, passed away peacefully at home surrounded by his family on [Date of death], at the age of 97. The news was announced by Cheung Kong Holdings, which described Li as an outstanding business leader known for his integrity and influence.

Li, often referred to as “Li Siu-shing” (Fourth Uncle), was born in Guangdong, China, in 1928. He arrived in Hong Kong in 1948 and founded Cheung Kong Holdings in 1976, taking the company public in 1981. His business empire encompassed property development, investment, and hospitality, including landmark developments like the International Finance Centre. He also served as chairman of Hong Kong and China Gas Company for over three decades.

Beyond his business acumen, which earned him the nickname “Hong Kong Buffett” and recognition as one of the world’s wealthiest individuals (ranked second on the 2023 Forbes Hong Kong Rich List with an estimated net worth of US$30.3 billion), Li was known for his significant philanthropic contributions. He established the Li Ka Shing Foundation, funding numerous educational and social development projects in Hong Kong and mainland China, including scholarships at Oxford University. In 2007, he received the Grand Bauhinia Medal, Hong Kong’s highest honor, for his extensive community service. His later philanthropic work included donating land for the construction of elderly care homes and youth hostels. Li stepped down as chairman of Cheung Kong Holdings in 2019, handing over the reins to his sons, while remaining an executive director.

Funeral arrangements will be announced at a later date by the family. Cheung Kong Holdings expressed deep sorrow at the loss and praised Li for his kindness, fairness, and dedication to his employees. His legacy of business leadership and philanthropy will be remembered for generations to come.

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