The tycoon made a noteworthy appearance at the Kai Tak Sports Park on Saturday, attending the second show of a four-night concert series. At 96 years old, Li Ka-shing was seen sitting comfortably in a private section of the main grandstand, accompanied by businesswoman Solina Chau, who graciously reserved the spot for him.
Chau, director of the Li Ka Shing Foundation and his longtime business partner, exuded warmth during the event. As the clock struck 9 p.m., Li was spotted exiting the private area in his bike-like wheelchair, radiating cheerfulness as he waved to the audience, thanking those around him for their support.
When confronted with questions about the recent controversy surrounding the sale of Panama ports, Li opted for silence. Chau quickly intervened, urging attendees to steer clear of such queries. “Mr. Li has retired. Thank you all very much. It is rare for him to come out like this,” she reassured.
This rare public outing comes on the heels of CK Hutchison Holdings announcing a deal to sell its global ports business—including two pivotal docks at opposite ends of the Panama Canal—to a consortium led by the U.S. investment giant, BlackRock. Just last month, Li had made an appearance as the founder of the Li Ka Shing Foundation, donating a non-invasive liver cancer treatment system to the Hong Kong Sanatorium & Hospital.
Originating from Guangdong province in China, Li, who will soon celebrate his 97th birthday, is a distinguished investor, industrialist, and philanthropist in Hong Kong. His journey began at a young age when he left school to sell plastic flowers, eventually accumulating his vast fortune through real estate investments. Having been the city’s richest individual for years, Li retired in 2018, handing over the reins of his vast empire to his eldest son, Victor Li Tzar-kuoi.
Following the passing of billionaire Lee Shau Kee in March, Li is now the last surviving founder of Hong Kong’s illustrious “big four” tycoon families. His fleeting visit to the stadium serves as a testament to his unwavering influence and the legacy he has built over decades. Who knew a concert could be a stage for such impactful history?
Why is Li Ka-shing’s appearance at the concert significant?
Li’s appearance underscores his enduring status and influence in the business world, especially given his rarity in public engagements since retirement.
What recent event prompted questions from the public?
Li faced inquiries regarding the controversial sale of his global ports business, including significant docks in Panama, to BlackRock.
What unique aspect does Li’s background add to his public persona?
Li’s journey from selling plastic flowers to becoming a billionaire industrialist showcases a remarkable rags-to-riches story, which adds a compelling layer to his legacy.
