Li ka-shing, so called "richest man" in both Hong Kong and the
whole Asia, promised on Thursday to donate more money to a charity
foundation named after him until the total assets of the foundation
value at one third of his personal assets.
He said at a press conference for announcing interim results of
Cheung Kong (Holdings) Limited that the three personal funds of the
foundation are being used for charity purpose, adding his family
and members of the board of the group are not allowed to take a
penny from the foundation.
According to statistics for Forbes, Li's personal assets reaches
150 billion HK dollars (US$19.23 billion). So the foundation is
expected to receive about 50 billion HK dollars (US$6.41 billion)
from Li.
Li Ka-shing Foundation was established in 1980 to co-ordinate
donations towards education, medical care, culture and other
community welfare projects in Hong Kong and Chinese mainland.
Li once said that "to be able to contribute to society and to
help those in need to build a better life, that is the ultimate
meaning in life. I would gladly consider this to be my life
work."
(Xinhua News Agency August 25, 2006)