Li Ka-shing

Li Ka-shing is Hong Kong's richest person. He is chairman of the board of conglomerate CK Hutchison Holdings.

‘Superman’ Li Ka-shing hung up his cape but will continue to serve as senior adviser to CK Hutchison, while his son, Victor Li will succeed  him as the chairman of the company. Photo: Sam Tsang

The problems facing Hong Kong’s seriously rich

“Superman” Li Ka-shing has announced his retirement and handed over the baton to his eldest son, Victor Li Tzar-kuoi. It has been the same story for the families of other prominent tycoons. Second, third or even fourth-generation offspring are taking over the families’ business empires.