Business > World

The richest man in Hong Kong is funding an entire college class' tuition for up to 5 years - here's his incredible rags-to-riches life story

29 days ago   |   By Business Insider

Hong Kong 's wealthiest man, Li Ka-shing, announced June 16 that he would fund up to 5 years of tuition for Shantou University's incoming class.
Li is the 28th-richest person in the world and has an estimated net worth of $30.3 billion, according to Forbes .
Often called "Superman," he has an incredible "rags-to-riches" story that saw him go from being impoverished in southern China to building a conglomerate that spans across 50 countries and 323,000 employees.
Visit Business Insider's homepage for more stories.
Hong Kong billionaire Li Ka-shing announced June 16 that he would fund up to...
Read more ...

 

The richest man in Hong Kong just pledged to cover 5 years of tuition for an entire college class, and it's going to cost him $14.4 million a year to do it

The richest man in Hong Kong just pledged to cover 5 years of tuition for an entire college class, and it's going to cost him $14.4 million a year to do it

29 days ago   |   By Business Insider

Li Ka-Shing , the richest man in Hong Kong , announced on June 16 that his foundation will cover the entire cost of the tuition for Shantou University's incoming class for up to five years.
The pledge will cost him $14.4 million a year, according to the BBC .
Li's announcement comes a month after American billionaire Robert F. Smith pledged to pay off the Morehouse College class of 2019's student loans and a year after The Home Depot co-founder Ken Langone began paying the tuition of every student at NYU's medical school.
Visit Business Insider's homepage for more stories.
Shantou...
Read more ...

 


Search by Tags

   World  


Stocks are jumping after two Fed officials signal rate cuts are coming - 'it...

Stocks are jumping after two Fed officials signal rate cuts are coming - 'it pays to act quickly'

World stocks jumped on Friday after comments from two Federal Reserve officials cemented traders' expectations of a cut to interest rates later this month. "You don't need to... Read more ...

Buzz Aldrin peed his pants on the moon and 18 other wild facts you never...

Buzz Aldrin peed his pants on the moon and 18 other wild facts you never learned about NASA's Apollo 11 mission

Fifty years ago, on July 20, 1969, Apollo 11 astronauts Neil Armstrong and Buzz Aldrin became the first people to walk on the moon . In the years since, behind-the-scenes... Read more ...

Toys 'R' Us Is Coming Back But With A Different Approach

Toys 'R' Us Is Coming Back But With A Different Approach

More than a year after filing for bankruptcy, the chain is relaunching in Texas and New Jersey. Its new stores will feature spaces for toy demonstrations and events. Read more ...

Trump says a US warship destroyed an Iranian drone that flew dangerously close

Trump says a US warship destroyed an Iranian drone that flew dangerously close

President Donald Trump announced that the US shot down and "destroyed" an Iranian drone near the Strait of Hormuz on Thursday. The Pentagon confirmed the news to INSIDER. The... Read more ...

Stocks snap a two-day losing streak on further expectations of a July rate cut

Stocks snap a two-day losing streak on further expectations of a July rate cut

All major US indexes climbed on Thursday as the markets reacted to more dovish commentary from the Federal Reserve around rate cuts. New York Fed President John Williams... Read more ...

Rep. Ilhan Omar greeted with new chant upon arrival in Minnesota: 'Welcome...

Rep. Ilhan Omar greeted with new chant upon arrival in Minnesota: 'Welcome home Ilhan'

US Rep. Ilhan Omar was welcomed back to Minnesota as members of her district gathered to greet her at the airport, chanting "Welcome home Ilhan." The Democratic congresswoman... Read more ...

Police shut down an Adidas pop-up selling 99-cent Arizona Iced Tea sneakers...

Police shut down an Adidas pop-up selling 99-cent Arizona Iced Tea sneakers after 2 teenagers were assaulted in massive crowds

Police shut down a pop-up selling Arizona Iced Tea-branded Adidas sneakers for 99 cents in New York City on Thursday due to safety concerns. The event drew massive crowds, with... Read more ...

If President Trump intervenes in the $10 billion JEDI cloud contract, both...

If President Trump intervenes in the $10 billion JEDI cloud contract, both Amazon and Microsoft could end up as losers

Amazon and Microsoft, the finalists in the Pentagon's $10 billion JEDI contract, could both end up as the losers as Trump steps into the process. Trump said he wanted to look... Read more ...

June 2019 NPD: Super Mario and Crash Bandicoot top the chart

June 2019 NPD: Super Mario and Crash Bandicoot top the chart

It's time for the June 2019 NPD report for the video games industry. Super Mario Maker 2 came out on top for the month, and Crash Team Racing was No. 2. Read more ...

'They lack humanity': Jon Stewart and 9/11 first responders excoriate GOP...

'They lack humanity': Jon Stewart and 9/11 first responders excoriate GOP senators who blocked renewal of funding for 9/11 victims

Comedian Jon Stewart and 9/11 first responders are slamming the two Republican Senators who blocked swift passage of a bill to permanently renew the 9/11 Victim Compensation... Read more ...