Richard Li, Chinese Investor and Businessman

Richard Li is the son of one of the richest men in Asia. Forbes magazine has reported Richard Li’s net worth in the range of $1.1 billion, which ranks him among the richest men in the world. With a loan from his father, he began built STAR TV into Asia’s first satellite broadcasting service which he sold to Rupert Murdoch’s News Corp in 1995. He then turned to the Internet where he was responsible for turning telecommunciations equipment distributor “Tricom Holdings” into Asia’s main Internet company and renaming it to PCCW.

In 2000, he bought another telecommunication company named Cable & Wireless HKT. This deal was Asia’s largest corporate takeover. In July of 2003, Li gave up his spot as PCCW’s chief officer and bumped down to chairman and executive director.Li and PCCW continue to grow and become more influential. In 2007, he acquired the Hong Kong Economic Journal

Richard Li acts as the Governor of the World Economic Forum for Information Technologies and Telecommunications. He also is an active member of the Center for Strategic and International Studies (CSIS), the International Advisory Board of the Center for International Development, the Global Information Infrastructure Commission, and the United Nations Information and Communication Technology Advisory Group.

His work doesn’t just include business, he is also a philanthropist. In 2003, PCCW helped SARS-devastated Asia by supplying call center support and a story time program for children kept at home to prevent infection. They also donated $1 million to the Buisness Community Relief Fund for victims of SARS. In 2007, PCCW participated in the District Elderly Campaign by delivering gift packages to people living in elderly-living homes.

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