#14 Top 20 Billionaires in the World

Li Ka-shing

Net Worth: $21 billion

Source: Diversified

Residence: Hong Kong

• Betting on recovery, upped stakes in publicly traded conglomerates Cheung Kong and Hutchison Whampoa. Cheung Kong paid $100 million for shares in Russian aluminum maker Rusal ahead of its January Hong Kong public offering. Hutchison Whampoa is attempting to take its telecom subsidiary private for $545 million in cash; awaiting regulatory approval.

• Through HW, Li is world's largest operator of container terminals, world's largest health and beauty retailer by number of outlets, a major supplier of electricity to Hong Kong and a real estate developer.

• Has a large holding in Canadian oil firm Husky Energy, which recently announced its third discovery in South China Sea.

• Asia's most generous individual has given out $1.4 billion to education, medical research.

• Humble origins: quit school at age 15 to support his family; made plastic flowers that he exported to U.S. in the 1950s.

• Eldest son, Victor, helps him run businesses; son Richard struck out on his own in early 1990s and is a billionaire in his own right.

Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010

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