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Li Ka-shing Firm Quashes Widely Circulated Death Hoax
15 Oct
Summary
- Rumors of 98-year-old billionaire Li Ka-shing's death spread on Chinese social media.
- CK Asset Holdings, the billionaire's company, firmly denied the false death reports.
- Li Ka-shing, with a net worth of $48.4 billion, is a prominent Hong Kong philanthropist.
On October 15, 2026, a false rumor began circulating on Chinese social media asserting the death of 98-year-old Hong Kong billionaire Li Ka-shing. His company, CK Asset Holdings, has officially dismissed these claims as entirely untrue.
Li Ka-shing, estimated to be worth $48.4 billion, is a globally recognized businessman and philanthropist who founded CK Group. Born in 1928, he left school at 12 and moved to Hong Kong, establishing Cheung Kong Plastics in 1950. The company later expanded into real estate and other diverse sectors including ports, retail, and telecommunications.
He announced his retirement as chairman of CK Hutchison Holdings and CK Asset Holdings in March 2018, with his elder son, Victor Li, succeeding him. The Li Ka Shing Foundation, established in 1980, has invested significantly in education, medical services, and research, with a focus on mainland China and Hong Kong.
