CASe Studyt : Richard Li : Milestones

PCCW chairman Richard Li has been ranked 10th on Fortune magazine's global list of richest people under 40. RICHARD LI AND HIS DEALS
1966 - Born in Hong Kong
1979 - Age 13, sent to California, attends Menlo Park School
1983 - Goes to Stanford, obtains degree in computer engineer
1987 - Age 21, moves to Canada, works at Gordon Capital investment bank
1990 - Returns to Hong Kong to work for father's company Hutchison Whampoa
May 1991 - Establishes STAR satellite television network
July 1993 - Sells controlling stake (63.6%) in STAR to Rupert Murdoch's News Corp. for $525m; subsequent deal in 1995 for total News Corp. control takes sale total to $950.5m
1993 - Launches Pacific Century Group (PCG)
Nov 1995 - March 1997 - Develops real estate projects in Toronto, southern China, Beijing and Tokyo
March 1998 - PCG announces joint venture with Intel (with 40% stake) called Pacific Century Convergence Corp. to develop information technology systems
March 1999 - Hong Kong government announces award of Cyber-port project to PCG which pledges to invest around $1bn
May 1999 - Announces reverse takeover for Hong Kong-listed Tricom, which is renamed Pacific Century CyberWorks; pays $315m for the deal
May 1999 - Announces creation of CyberWorks Ventures, a listed high-tech venture capital investment fund
May 1999 - Joint venture created with Credit Suisse First Boston to manage and invest in Asian properties
August 1999 - launches Pacific Century CyberWorks Limited
August - October 1999 - spends some $600m buying stakes in 13 information technology companies - AsiaWeek
2000 February
Richard Li buys Cable & Wireless HKT for $38 billion (USD)
Li, son of billionaire Li Ka-shing, was ranked 10 with a fortune of HK$12.4 billion.