We’ve compiled a list of quotes from the richest man in Asia, Li Ka-Shing, who has an estimated net worth of US$31.3 billion. The Hong Kong business tycoon is currently the chairman of the board for CK Hutchison Holdings; which total assets in 2016 were US$133.28 billion.
Li Ka-sing has inspiring rags to riches story, where he was forced to drop out of school as a child to support his family. Ka-sing opened his first manufacturing business at the age of 22, now his businesses span from property development, retail, telecommunications, energy and more.
Top 50 Li Ka-shing quotes on success
1. “You must know and understand your business like the back of your hand. Otherwise, your company would be here today, gone tomorrow.”
2. “Whatever industry I get into I buy books about that industry. That’s what I’m like. So when I was manufacturing plastics, I had a copy of a well-known trade magazine from the U.S. called Modern Plastics. There was so much information in it and a new copy was released each month. It got to the point where we had far more orders than we could handle. I was actually spending 20-30% of my time in the factory and the rest of my time devising what I should do in the future.”
3. “Once you’re in sales, you will also learn what sells and what not. Use the sensitivity of detecting market sentiments as a platform for running your business and in the identification of product winners in the future.”
4. “I wasn’t lucky. I worked hard to achieve the goals I set for myself.”
5. “I was rich before I was 30 and I had everything my family and I needed for the rest of our lives. I could of retired.”
6. “Businessmen must move with the times…the correlation between knowledge and business as the key to success is closer than ever.”
7. “Broaden your vision, and maintain stability while advancing forward. That is my philosophy.”
8. “Reputation is the key to success. You have to be loyal to your customers.”
9. “If you think, then you will be prepared. If you are prepared, then you will have no worries.”
10. “Education is still key.”
11. “The more you know, the more prepared you will be when opportunity knocks. If you are lazy and wile your time away, you would not know how to take advantage of opportunities even if they stared you in the face.”
12. “Our principal policy is never to take financial risk.”
13. “Times were really tough in the beginning. When I started my business in 1950, I only had HK$50,000, so I was in a tight spot financially. I already had some work experience, but I had an advantage in competing with other companies. I was willing to learn the latest industry trends.”
14. “You can believe in Fung Shui if you want, but ultimately people control their own fate. The most important thing is to improve yourself and give it your best. Then many things previously thought to be impossible will become possible.”
15. “It doesn’t matter how strong or capable you are; if you don’t have a big heart, you will not succeed.”
16. “Buying land is not like buying antique. It is not the only deal available.”
17. “Treat people with sincerity and build a good organization. Otherwise, it doesn’t matter how famous or how capable you are.”
18. “I never forget to maintain stability while advancing, and I never forget to advance while maintaining stability. Stability and advancement must always be in balance.”
19. “I always had a fighting heart. I only had a small amount of capital when I started my own business.”
21. “The first year, as I didn’t have much capital, I did everything by myself, including the first set of account books. I needed to go the Inland Revenue Department, and I asked my auditor if my accounts were correct, since I had no experience doing accounting. He said that it was complete and that I could take this to the government. I had no experience, but I learned by reading books on accounting. When you want to understand the balance sheet, you needed to know a little bit about accounting. I did so many things by myself, which kept my overhead low. I have made a profit every year since 1950. I have never lost a penny in any year.”
22. “I have set boundaries for myself. There are certain business I won’t get into…This is my principle and I will stick to it.”
23. “My life philosophy in two sentences, it’s an ancient Chinese saying; always be industrious. The virtuous welcome onerous duties.”
24. “This is my life. I seek improvement ceaselessly. I don’t stop, even at this age.”
25. “My biggest hope is that when China becomes wealthier, the rich people, and those all around Asia, will donate more to charity.”
26. “I was once an employee myself, so I know what employees want.”
27. “You have to prepare for the worst-case scenario. If nobody buys your property, can you support your debt? For 56 years, especially after we went public, Cheung Kong has never had any financial problems.”
28. “Having money doesn’t mean you’ll be happy, but the reality is, you can’t do anything without money.”
29. “I realized that despite being wealthy, I wasn’t happy as I’d expected. I was perplexed for a few nights. I went alone to a quiet road, a dead-end.”
30. “Actually, before I was even 30, I was wealthy enough that my entire family wouldn’t have to work for the rest of their lives.”
31. “I wasn’t lucky. I worked hard to achieve the goals I set for myself.”
32. “I started my own business in 1950. I only had some of my savings and some money borrowed from my relatives. I had about US$6,500 to start my business.”
33. “I needed to save every penny…I needed to be strong, and needed to find some way to secure a future. That’s why I am always conservative. I never forget to maintain stability while advancing, and I never forget to advance while maintaining stability.”
34. “I think you must use a western management model. But then in terms of internal philosophy, I’ve adopted the most useful parts of the Confucian school of thought.”
35. “Just because you’re doing well now, doesn’t man you should be set in your ways.”
36. “How many times have you heard that Cheung Kong’s finances were in trouble over the last fifty years? Never; the reason is, we are always prepared for the worst. That is my policy.”
37. “I could actually have brought my first property at the age of 26,27. Of course when I brought my apartment at 28 I was happy. And my business was very successful.”
38. “My business had the fastest growth when I was around 27 to 30. It grew exponentially.”
39. “When I was young I enjoyed studying. I want even 10 when I got into Junior High.”
40. “I was working and studying at the same time, so it was a race against time to learn more.”
41. “First of all, I am an optimist. When you study hard and work hard, your knowledge grows, and it gives you confidence. The more you know, the more confidence you gain. When I was 10 years old, I lost my schooling, but I still had plenty of hope to return to school.”
42. “Doing business may be tough, but I am willing to learn, to innovate, and to work hard, which are the reasons why my business can continue to grow.”
43. “I have always understood that the world changes a lot.”
44. “I am always very careful with my cash flow. That means I have the extra capital to get into another industry whenever I want to.”
45. “I am very prudent financially because of those hard times I went through. I spent nothing. I had a haircut every three months. I shaved my head like a monk.”
46. “Despite my achievements, I can still remember poverty. I told my children and grandchildren that ‘The fruit that you eat will never taste as beautiful as the fruit that I ate during the turmoil of war. You will never cherish it as much as I do.”
47. “Vision is perhaps our greatest strength. It has kept us alive to the power and continuity of thought through the centuries; it makes us peer into the future and lends shape to the unknown.”
48. “I wake up every day just before 6:00 am and exercise and play golf for an hour and a half. I insist on reading before I go to bed at night. I am still energetic during the day. Your energy comes from being interested in your work.”
49. “Education is the primary focus of my foundation.”
50. “If I wanted to retire today, I could do so, even in the next five minutes, or whenever. No problem.”
51. “I respect all the religions I know of. I have also built churches.”
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