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Tycoon Li Ka Shing backs press freedom after attack on Hong Kong editor; says his wealth is "underestimated"

Published on Feb 28, 2014 6:48 PM
 
Influential Hong Kong tycoon Li Ka Shing on Friday, Feb 28, 2014, condemned a brutal attack on a veteran journalist and warned the territory will suffer serious harm if it loses press freedom. -- ST FILE PHOTO: EDWIN KOO

HONG KONG (AFP) - Influential Hong Kong tycoon Li Ka Shing on Friday condemned a brutal attack on a veteran journalist and warned the territory will suffer serious harm if it loses press freedom.

Mr Li, who is Asia's richest person, also said his fortune is at least 40 percent underestimated and that he won't "admit" to being a Hong Kong tycoon, Bloomberg reported.

"I think it's not important if you are a tycoon or not," Mr Li told reporters on Friday in Hong Kong. "It's more important if your life is meaningful or not, if people trust you; people admire and don't despise you."

Mr Li has a net worth of US$29.2 billion (S$37 billion), making him the richest person in Asia and the 22nd-richest in the world, according to the Bloomberg Billionaires Index.

 
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