Many people are always curious, Ho Ying-tung or Li Ka-shing ? If we compare it now, Li Ka-shing's assets can be surpassed by Ho Ying-tung's ten streets. The current assets of Ho Ying-tung's family are about 30 billion yuan, which was announced by Hong Kong media when Ho Ying-tung died. The Huo family has not developed much business in recent years, so their assets are basically the same.
Li Ka-shing is different. His business is increasing and he is growing at a rapid rate every year. Now his assets are at least about 1 trillion yuan. Li Ka-shing is definitely the well-deserved richest man in Hong Kong and the richest man in Chinese. However, if Ho Ying-tung wanted to be the richest man back then, then there would be nothing Li Ka-shing would have done.
When Huo Yingdong invested in the mainland, he did not think about making money at all. He invested more than 8 billion yuan in Nansha, and almost no return was given. If Ho Ying-tung invested these funds in cities such as Beijing, Shanghai, Guangzhou and Shenzhen, the return now will not be 100 times, or at least dozens of times. In addition, Ho Ying-tung also donated at least 10 billion yuan in his life.
Ho Ying-tung also donated all his assets in Nansha and Macau's gambling shares. Li Ka-shing donated one-third of his assets, while Ho Ying-tung left almost one-tenth of his assets, and he asked him to donate most of his assets.
Hotel's starting point is for national development, followed by personal development. Li Ka-shing’s starting point is to make money by himself. While making money by himself, he can donate some of the funds to charity. The two people have completely different positions and their heights are completely different.
In fact, in the 1950s, Ho Ying-tung was much richer than Li Ka-shing. Li Ka-shing only started his business in 1950, when he was 22 years old. At that time, with the help of his uncle and cousin, he founded his own plastic factory in Hong Kong. By 1957, Li Ka-shing's plastic factory had an annual revenue of US$300,000. But this is revenue, not profit.
But at this time, Ho Ying-tung had become a super rich man with real estate. At that time, Ho Ying-tung had acquired the embassy building of the famous old-fashioned wealthy family in Hong Kong. When trading
, Ho Ying-tung directly brought a bag of cash, totaling 2.8 million. Ho Ying-tung's behavior also directly scared the other party. At that time, Ho Ying-tung didn't understand finance, he didn't know that he could take out a loan, nor did he know that the bank could pay checks. But Ho Ying-tung was rich at the time.
This transaction can also show Ho Ying-Tong's strength at that time. Ho Ying-tung's first pot of gold was earned from post-war materials. Later he made a little money from the transportation materials of Korean War . By the mid-1950s, a fire broke out in Kowloon , Hong Kong, and many houses in the shanty town were burned down.
So Ho Ying-tung began to seize the opportunity. He invented floor flower , installment payment and other methods, and began to develop real estate in Hong Kong. At the most, Ho Ying-Tong had 60 buildings under construction at the same time, which could be said to be a lot of money. By the early 1960s, Ho Ying-tung was already the richest Chinese in Hong Kong, and his strength was far superior to Li Ka-shing of the same period.
Li Ka-shing is still working on plastic spending , but he also made some money, but he has not started working on real estate yet. Li Ka-shing actually did real estate in 1971. Li Ka-shing initially started doing real estate, and was engaged in industrial buildings, not real estate.
Li Ka-shing built 7 industrial buildings in Hong Kong one after another, and then rented these industrial buildings to collect rent and make money. By 1971, Li Ka-shing had collected 3.9 million yuan in rent every year. Li Ka-shing's real rise was because he boldly bought the bottom in the 1960s. He took advantage of the sharp drop in the property market, and he bought a lot of land. However, the smart Li Ka-shing did not come to develop real estate immediately after buying these lands, and he was waiting.
It was not until the Hong Kong property market began to recover in 1971 that he used these lands to develop real estate. In 1972, Li Ka-shing's company was successfully listed and successfully raised 30 million yuan.But what everyone unexpectedly thought was that by the end of that year, Li Ka-shing's company successfully made a profit of more than 40 million yuan. On the one hand, it was because Li Ka-shing’s early land acquisition cost was very cheap, and on the other hand, it was because the Hong Kong property market took off after the 1970s. Starting from 1972, the Hong Kong stock market entered the era of shark fin making, and the stock market drove the property market to take off.
However, this time was also the turning point in Ho Ying-tung's life. Throughout the 1960s, Li Ka-shing, Cheng Yu-tung, Li Ka-ki and others were buying at the bottom. But Ho Ying-tung lost his development opportunities. He was constantly suppressed by the British because they thought Ho Ying-tung was too close to the mainland. When Ho Ying-tung bought the land, they declared it invalid.
Ho Ying-tung built an office building, so they did not power the building and forced Ho Ying-tung to sell his shares. Later, Ho Ying-tung could no longer develop in the Hong Kong real estate industry, so he had to turn to foreign development. Ho Ying-tung went to internationally to take on projects to make money, but he missed the best opportunity to buy at the bottom. After the 1970s, Ho Ying-tung's career was far inferior to Li Ka-shing.
After the 1980s, a large number of Hong Kong wealthy people went to the mainland to invest, and Ho Ying-tung ushered in another development opportunity. But this time Ho Ying-tung voluntarily gave up the opportunity to make money. Instead of investing in big cities to make money, Ho Ying-tung chose to go to the deserted Nansha.
Ho Ying-tung believes that developing Nansha will be of great help to the overall national economic development. So he almost developed Nansha with his own efforts.
