Richard Li Tzar-kai is a Hong Kong businessman and philanthropist. The founder and chairman of the private investment group Pacific Century Group (PCG),
Li started his career in the 1990s with the founding of STAR TV, a pan-Asian television network. After founding PCG in 1993, he went on to establish PCCW and HKT Trust.
In 2010, PCG acquired the asset management business of AIG Investments and renamed it to PineBridge Investments. In 2013, PCG founded FWD Group. Richard Li currently serves as chairman of PCG, PCCW Ltd. and HKT Limited. He is also on the boards of companies including Pinebridge Investments. Forbes listed his net worth in 2020 at 4.5billion,rankinghim20thonitslistoftherichestbusinesspeopleinHongKong.Bornin1966inHongKong,RichardLiTzar−kaiisthesonofbusinessmanLiKa−shing.LiandhisolderbrotherVictorspenttheirchildhoodsinHongKong,whereLiattendedSt.Paul′sCo−educationalCollege.HeleftHongKongatagethirteentobeeducatedatMenloSchoolinAtherton,California.Inhighschool,heworkedatMcDonald′sandasacaddyatthelocalgolfcourse.HestudiedcomputerengineeringatStanfordUniversityuntil1987.Citingpersonalreasons,hewithdrewfromuniversityafterthreeyears.Forthefirstthreeyearsofhiscareer,LimanagedfundsataninvestmentbankinToronto,Canada,acquiringCanadiancitizenshipinthe1980s.In1990hebeganworkinginthefund−managementdepartmentatHutchisonWhampoainHongKong.AtHutchisonWhampoa,hewasanexecutivedirectorfrom1992until1993anddeputychairmanfrom1993until2000.In1990,Libeganbuildinghisowncompany,STARTV,apan−Asiansatellite−televisionnetworkthatstreamedAmericantelevision.AccordingtoWiredmagazine,theservice"triggeredavastculturalshift,injectingamassivedoseofWesternpopularentertainmentinto...morethan50countries[by2005]."STARTVprovedlucrative,andin1993and1995LisoldthenetworktoRupertMurdochforatotalofUSD950.5 million.
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