Ly Gia Thanh has two sons, Ly Trach Cu, the male chief, Li Zhugei is the second man, two years younger than his brother. Possession of the largest fortune in Hong Kong, but the second richest billionaire in Asia, still cares for "poor" children.
When Li Zhugeu and Li Zhenghe were very young, Li Jiacheng took him to the poor area, took them to trams and buses, to understand the poverty and sympathy for the poor, even though he had a driver. and private car.
Ly Gia Thanh said: "Children are rich or are kept in glass cows. Even if they become a tall tree, their roots are not strong. If I ruin my son this way, go back long ago. Long will life be If they fall, they will be helpless. "
When the two boys grew up and university began, Li Jiacheng took to the business ventures: "They just sit there to see. My purpose is not to teach them to do things. But they need to know, things are not easy, but it takes a lot of effort, lots of meetings and the help of many people to complete ".
"Born at the finish" means no less effort than others. The billionaire Ly worked 16 hours a day until he was 80, so he wanted his son to do the same. Ly Trach Cu – the right man of his father – worked the whole night, slept next to the office fax machine and was ready to take orders on a row, if he could deliver the job at any time, count the all night. Lying Trach Giai – with his own career scene – he also worked 18 hours a day, and could not open his eyes to any definite meetings.
For Li Jiacheng, morality is the most important thing in the world. He once told his son: "I work together with other people, I have to respect religion! Suppose you get 70% from a gain is reasonable, 80% is ok, but we take Gia 60% is ok "The highest empire of talent is understanding one's religion.
Providing inheritance to the oldest son, but still supporting the second child, he said: "Richard (Ly Trach Giai's English name) has the company he likes, and has some big companies "It will take me Although I do not encourage Trach Giai to go the other way with my family, I am very happy with what my son is doing," – Ly Gia Thanh asserted that his financial support You can even get your son's current property " Fold a few times, and the two brothers will "have no conflict" about business interests.
In 1985, at the age of 21, Li Zedou began to participate in the family business. His youth is not like other "heirs". Without the appearance of glossy supercars, the night-time games than the riot, Ly Trach Cu focused entirely on his work and had to start from a very low position in a group.
In 1990, Ly Trach began to work Cu directly in front of his father in Cheung Kong's central office. Ly Trach Cu when he was new to a business, his father always gave small projects, whether he would play a supporting role for Ly Gia Thanh in real estate project projects in Vancouver (a port city). coast in British Columbia, Canada). "Prince" simply has "lamp book", must practice skills of "transfer" in his father's business.
In 1996, Li Zhugeu was appointed president of CKI, the company's core business, operating in Canada, Australia, the Philippines, and the United Kingdom, as well as in China and Hong Kong.
In 2012, Li Jiacheng announced that Victor (the English name of Ly Trach Cu) would take over his billion-dollar business empire. But it is not until March 16, 2018, that Ly Gia Thanh officially announces retirement and leads his son.
In an interview in 2016, Ly Gia Thanh said that stockholders did not have to worry about the issue of follow-up, because the eldest son had been accompanying him for many years and was almost consistent. Group work for a very long time.
Ly survived Gia Thanh to his eldest son, Trach Cu, and inherited the entire sector for property, port, retail and energy. And indeed, under the management of Ly Trach Cu, Hutchison Holdings CK has grown rapidly, retaining the dominant Hong Kong company with 323.00 employees, operating in 50 countries, in the fields of telecommunications, port, infrastructure, retail and energy.
CK Hutchison Holdings has also invested tens of billions of dollars to develop the brands of US, Canada and Australia, and to retain the dominant company in Hong Kong, where & # 39; family businesses are the & # 39; economy. The city is leading in decades.
Linus Yip, chief strategist of First Shanghai Securities, said: "The follow-up plan of Ly Gia Thanh is a little surprising, because it's a little bit earlier than we expected. But it's an analytical move. Extremely for the entire business and can benefit from their long-term development by eliminating a time bomb, "said Yip. "The transfer process went smoothly and wasn't a big influence on management."
"He doesn't want to be special," said Todd Bonner, a friend of Li Zeng's at Stanford University. "He has his own apartment, but he chose to live in a small room in a bedroom. He just wanted to live a simple life. That's why we became friends."
After nearly four years of living and working in Toronto, one day in 1990, Li Zengjia received a phone call from Father. Gia Thanh wanted to repay and work at Hutchison Whampoa. Li Zhugei listened to his father back to Hong Kong. Initially, Li Zengjia worked in the financial sector with Li Jiacheng's business. But his passion is always on the other side: his ambition to supply satellite television services in Asia.
Li Zeng thought: "Why not repair broken satellites, use it to broadcast Hong Kong TVs via a satellite, to ignore the clutter of cable TV?"
In the beginning, Ly Gia Thanh also doubted his son's idea, but still decided to invest USD 62.5 million (sources that claim that Ly Gia Thanh invested $ 400 million) ).
With the support of his father, Li Zifei founded Star TV – the first satellite cable TV service in Asia. After only 3 years, Star TV attracted 45 million viewers from 11 million households in Asia, mobilizing $ 300 million in advertising from hundreds of companies. Eventually he sold the Star TV to Rupert Murdoch's News Corp for $ 950 million. In 1993, Li Zengjia set up Pacific Century Group (PCG) an investment group in many areas such as technology, communications, telecommunications, financial services …
In 1996, he founded Pacific Century CyberWorks (PCCW) – a telecommunications equipment distribution company. PCCW surpassed SingTel (Singapore), received Cable & Wireless HKT in 2000. In 2010, PCG acquired AIG, AIG Investments, and changed its name to PineBridge. Beginning in 2017, PineBridge works in over 20 countries and manages over $ 85 billion in assets.
PCG also has FWD life insurance companies – the company was founded by Li Zhixin after buying ING Groep NV insurance and pension funds in Macau, Hong Kong and Thailand. At the end of 2017, FWD managed over $ 26 billion in assets, with more than 2.5 million customers on the Asian market.
More popularly, Li Zedong has been a representative of Hong Kong's government at & # 39; an APEC Business Advisory Council (ABAC) in 2009-2014.
In the early 2000s, Hong Kong's businessmen predicted that Li Trach Giai, with much success, would receive the "throne" from his father, Ly Gia Thanh. But after all, Li Zhixiang decided to leave the family corporation. But without being the heir, Li Zhugeong also became a billionaire. In 2018, Li Zenglin reached 15th in Hong Kong's richest 50 ranking.