Chairman and CEO, Pacific Century Group NET WORTH $1.3 billion AGE 31 ADDRESS 38/F Citibank Plaza, 3 Garden Road, Hong Kong BIO The first the rest of the world heard of Richard Li was when he
signed a $525 million deal with Rupert Murdoch. Li was 26. But
the founder of Asia's first satellite-delivered cable service,
Star TV, has a pedigree that has made him a celebrity in Hong
Kong's fast-paced business world since birth: he is the son of
Hong Kong tycoon Li Ka-shing and heir to a $9 billion fortune.
The Stanford University grad started Hong Kong-based Pacific
Century Group in 1993, and the company's broad interests include
high tech, property and insurance. 1998 POWER PLAY Li's latest
project is the creation of a media company offering interactive
TV and Internet service in Asia. He sealed a joint venture with
Intel, which will provide technology and financing in exchange
for a 40% stake. He's now hunting for companies to make websites
and web tools that can accommodate Asian users. PLACE YOUR BETS Pacific Century Group's property wing is the only one listed, and
with the Asian property slump it's not a safe buy. But Li hasn't
ruled out taking his high-tech wing public. When he does,
investors should be ready to pounce.
