Now Li’s ownership in the businesses he founded — property developer CK Asset Holdings Ltd. and conglomerate CK Hutchison Holdings Ltd. — represent more than half of his US$29.5 billion fortune, according to the Bloomberg Billionaires Index. He still owns a 6.9% stake in Zoom, but its value has tumbled to US$1.6 billion from as much as US$11 billion at the stock’s peak in October 2020, when it represented one-third of Li’s net worth.
Zoom Video Communications Inc. once comprised the biggest portion of Li Ka-shing’s fortune. Those days are gone.
The Hong Kong legend known as “Superman” for his business acumen has trimmed his Zoom stake as the video-conferencing app’s stock has fallen to pre-Covid levels. He offloaded 2.9 million shares between March and December, a regulatory filing showed this week — a holding worth about US$275 million ($367.1 million), based on the average price for the period.
