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A Factory Worker at 13, Hong Kong's Iconic Billionaire Retires

By James Pomfret and Jennifer Hughes

HONG KONG, March 16 (Reuters) - Li Ka-shing's rise from penniless immigrant in 1940 to billionaire tycoon is the consummate success story in Hong Kong, a city which progressed alongside him from trading outpost to one of the world's biggest financial centres.

A factory apprentice when he was 13, Li, who announced his retirement on Friday at 89, was called "Superman" in the ultra-capitalist hub for his work ethic and business success.

Li has used his business acumen, as well as a habit of personally investing alongside his companies, to amass a fortune estimated by Forbes at $35.3 billion, making him the world's 23rd richest man.

"I've been working for a long time, too long," a relaxed and sprightly Li said on Friday after announcing he would step down on May 10.

While Hong Kong's adoration of the billionaire and his rags-to-riches
A Factory Worker at 13, Hong Kong's Iconic Billionaire Retires

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