I'll donate more, Li Ka-shing says

PUBLISHED : Friday, 06 August, 2010, 12:00am
UPDATED : Friday, 06 August, 2010, 12:00am

Asia's richest man, Li Ka-shing, stopped short of pledging to donate at least half of his wealth, but expects to be more generous in the next 10 years than he was in the past three decades. Li, 82, said he had pledged one-third of his assets to the Li Ka Shing Foundation. 'The contributions made by the foundation over the past 30 years are relatively small - only about HK$10 billion or more. But in the coming 10 years, I expect the foundation will commit more than the total over the past 30 years,' he said.

His comments came as he was asked if he would follow the lead of a group of United States billionaires and leave 50 per cent or more of his wealth to charity.

He said more than 80 per cent of the fund in the past had benefited causes on the mainland.