The get rich story of a man who started small
To get rich, this man worked hard to acquire his wealth.
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Today this man's wealth make him the 11th richest man in the world with an estimated wealth of $26.5 billion.
He was born in the Chinese city of Chui Chow and was the humble son of a teacher. His father died when Li was only 15 years old, and he took on the responsibility of supporting his family.
How to get rich
Li dropped out of school and went to work for a Hong Kong plastics company where he worked 16 hours a day. His hard work paid off because he started his own plastics company, Cheung Kong Industries, in 1950.
He then scraped together enough financing in 1979 to buy a controlling interest in Hutchison Whampoa, which he then leveraged to build a business empire that includes: banking, construction, real estate, plastics, cellular phones, satellite television, cement production, pharmacies, supermarkets, hotels, transportation, airports, electric power, steel production, ports, shipping, and even the ports at both ends of the Panama Canal.
Making money with tar sands
One of Li’s savviest purchases was a little-known company, which was considered by many to be a horrible investment because of the low price of oil in 1991.
His purchased of Calgary-based Husky Energy has turned out to be a brilliant move and one of the jewels in Li’s portfolio.
Northern Alberta is sitting on the biggest petroleum deposit in the world. It has 300 billion barrels of proven reserves … and another TRILLION barrels that are just waiting for recovery technology to improve.
To earn money, you must apply the knowledge you learn and work smart and hard.
Watch and learn from one of the richest man in the world, Li Ka Shing...
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