You may be wondering who the richest Real Estate Investor will be. The wealthiest real estate magnate in the world currently is Li Ka-Shing, who was born in Chaozhou, China in the year 1928. He has a net worth of $30.5 billion which makes him the 41st richest person in the world. Comparing his net worth to Gold and Crude oil, it is equivalent to 17.6 million troy ounces of gold or 314 million barrels of crude oil.
Hutchison Holdings Ltd, a company established by Billionaire Li Ka-Shing saw its profit increase 4.3% in the first half of this year despite warnings of increasing threats from a global recession.
Recent reports show the flagship company of the CK Group achieved a net income of HK$19.9 billion (US$2.43 billion) for the six month period ending in June. From the same time the previous year, total revenue increased by 8.1% to HK$229.6 billion. In comparison to the previous year, it increased the interim dividend to HK$0.84 per share.
Li Ka-Shing Portfolio
- The majority of Li’s wealth is made up of shares in publicly traded businesses such as the San Jose-based Zoom video communications, the Hong Kong-based conglomerate, CK Hutchison Holdings, the Canadian oil and gas producer Cenovus Energy and the real estate developer, CK Asset. In 2015, he reorganized his businesses, eliminating the network of firms that had shares in one another.
- Li owns 30% of CK Hutchison, which has a variety of assets, including ports, infrastructure, and mobile phone networks, as well as CK Asset, which is where his real estate holdings are held. CK Infrastructure and Hutchison Telecom Hong Kong are two other publicly traded holdings.