Sir Ka-shing Li, GBM, KBE, JP is a Hong Kong business magnate, investor, and philanthropist. According to the Bloomberg Billionaires Index, as of April 16, 2014 he is the richest person in Asia, with a net worth of $31.9 billion. He is the Chairman of the Board of Hutchison Whampoa Limited and Cheung Kong Holdings as of 2008; through them, he is the world's largest operator of container terminals and the world's largest health and beauty retailer.
Considered one of the most powerful figures in Asia, Li was named "Asia's Most Powerful Man, Li Ka-Ching" by Asiaweek in 2001. His companies make up 15% of the market cap of the Hong Kong Stock Exchange. Forbes Magazine and the Forbes family honoured Li Ka-shing with the first ever "Malcolm S. Forbes Lifetime Achievement Award" on 5 September 2006, in Singapore. In spite of his wealth, Li has cultivated a reputation for leading a no-frills lifestyle, and is known to wear simple black dress shoes and an inexpensive Seiko wristwatch, which is at odds with the house he owns in one of Hong Kong's most expensive precincts, Deep Water Bay in Hong Kong Island.