Sir Li Ka-shing, GBM, KBE , is a wealthy businessman from Hong Kong. He is the richest person of Chinese descent in the world, one of the richest and most influential investors in Asia, and the eleventh richest man in the world according to Forbes with an estimated wealth of $26.5 billion on February 11, 2008. Presently, he is the Chairman of Hutchison Whampoa Limited and Cheung Kong Holdings in Hong Kong.
Considered one of the most powerful figures in Asia, Li was named "Asia's Most Powerful Man" by Asiaweek in 2001. Forbes Magazine and the Forbes family honored Li Ka-shing with the first ever "Malcolm S. Forbes Lifetime Achievement Award" on September 5, 2006, in Singapore. In spite of his wealth, Li has a reputation for leading a no-frills lifestyle, and is known to wear simple black dress shoes and an inexpensive Seiko wristwatch. Li is also regarded as one of Asia's most generous philanthropists, donating over US$1 billion to date to charity and other various philanthropic causes.