Coronavirus: Hong Kong's richest tycoon gives $18 million to battle virus

Mr Li Ka-shing, 91, has a net worth of about US$28.3 billion, according to the Bloomberg Billionaires Index.
Mr Li Ka-shing, 91, has a net worth of about US$28.3 billion, according to the Bloomberg Billionaires Index.PHOTO: X00306

HONG KONG (BLOOMBERG) - The charity of Hong Kong's richest man donated HK$100 million (S$18 million) to help Wuhan, the city at the epicentre of China's coronavirus outbreak.

The money from the Li Ka Shing Foundation will be distributed via the Red Cross Society of China, according to an article posted on Monday (Feb 10) on the website of the Beijing's liaison office, which represents the mainland government in Hong Kong.

The founder of real estate, telecom and ports conglomerate CK group is among the Hong Kong tycoons giving money to charities, hospitals and local governments in mainland China during the outbreak that has infected more than 40,000 people and killed more than 900.

Such donors along with some political leaders have donated a combined 1 billion yuan (S$198.85 million), goggles, protection suits and gloves for use in the mainland, according to the liaison office.

Mr Li Ka Shing, 91, has a net worth of about US$28.3 billion (S$39.3 billion), according to the Bloomberg Billionaires Index.

The Li Ka Shing Foundation is also sourcing supplies around the world to help medical workers in Hong Kong and Wuhan, a spokesman for the group said on Monday (Feb 10).

The liaison office report also cited Shimao Property Holdings' donation of HK$30 million.

The Lee family, which controls Henderson Land Development, set up an anti-epidemic foundation with seed funding of 10 million yuan, the report said.

Mr Adrian Cheng, scion of the family group behind New World Development, and Chow Tai Fook Jewellery Group, donated 10 million yuan to a hospital in the southern city of Guangzhou, it said.