Be Prudent In Tough Times - Li Ka Shing

Li Ka Shing
Company: Hutchison Whampoa
Net Worth:$26.5 Billion

In Hong Kong, they refer to him simply as “Superman.” To the rest of the world, Li Ka-shing is known as one of the most astute businessmen and investors today. What began as a small venture into the plastics industry has grown into a global empire; Li’s fortune is an estimated $26.5 billion, earning him the ninth spot on the Forbes list of the world’s richest people. From living as a refugee and being forced to drop out of high school, to becoming “Asia’s Most Powerful Man” as ranked by Asiaweek, Li overcame the odds to create one of the most successful stories of entrepreneurship ever to come out of Asia.

Best Advice For Entrepreneurs:

“The first year, as I didn’t have much capital, I did everything myself, which kept my overhead low. I am very prudent financially because of those hard times I went through. I spent nothing. I had a haircut every three months. I shaved my head like a monk.”

More Li Ka Shing:

• Hong Kong Money Man: The Beginnings of Li Ka Shing
• Becoming the Asian Superman: Li’s Business Takes Off
• Lesson #1: Plan for the Worst to Reduce the Risk of Risk

More Advice For Tough Times:

• Tough Times Call for Decisive Action
• PERSEVERING THROUGH TOUGH TIMES: Moving Forward Despite the Obstacles
• Staying Positive in Tough Times