One-third of Li Ka-shing’s wealth comes from $11b Zoom stake

One-third of Li Ka-shing’s wealth comes from $11b Zoom stake

Li Ka-shing, former chairman and senior adviser of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd., waves from his car as he leaves the companies' annual general meetings in Hong Kong, China, on Thursday, May 10, 2018. The 89-year-old tycoon, who announced his retirement plans in March, resigned as chairman of the two companies today. His eldest son, 53-year-old Victor Li, will take over. Photographer: Anthony Kwan/Bloomberg

Li Ka-shing’s Hong Kong business empire may be struggling, but he’s managed to remain the city’s richest man. That’s largely thanks to an early bet on Zoom Video Communications Inc. and Solina Chau, his long-time confidante who co-founded the billionaire’s venture-investment arm.