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In line with Forbes, the web value of Hong Kong enterprise tycoon and billionaire Ly Gia Thanh – in keeping with Forbes – presently hovers across the $34.Three billion mark and ranks 43rd on the earth.

In the meantime, the second richest individual right here is Mr. Ly Trieu Co, who presently owns 32 billion USD and ranks 47th on the earth.

Ly Gia Thanh is called a “superman” in Hong Kong. He’s the founding father of two massive companies CK Hutchison Holdings and CK Asset Holdings. In Could 2018, he determined to retire and depart the “recreation”.

Nonetheless, this determination didn’t make him “much less” wealthy as a result of the “actual property king” can also be identified for making sensible funding choices. His inclination to put money into expertise has helped him proceed to keep up his title of Hong Kong’s Richest Man.

Listed here are eight of probably the most notable tech investments of Ly Gia Thanh and his enterprise capital fund:

Zoom Video Communications Inc.

  8 divine investments to help Ly Gia Thanh continuously occupy the throne of the richest billionaire in Hong Kong: Technology is a priority!  - Photo 1.

Eric Yuan, founding father of Zoom and Li Ka-shing. Photograph: SCMP

Proudly owning 8.5% of the shares of the corporate that owns this on-line assembly software, billionaire Ly Gia Thanh has witnessed a pointy enhance within the worth of his property. His preliminary funding of lower than $40 million changed into $11 billion, a 3rd of his complete fortune.

Billionaire Lee has invested in Zoom twice, as soon as in 2013 and once more in 2015. After the Covid-19 pandemic took maintain around the globe, Zoom has seen breakthrough development. .

Many workplaces, organizations work and train on-line, making the necessity to arrange conferences and digital lessons enhance quickly. The enterprise that owns this app recorded exponential gross sales development within the 2nd and third quarters of 2020.

Because of that, at one level, Ly Gia Thanh’s fortune elevated by 3.2 billion USD in simply someday. That is the billionaire’s largest single funding in the intervening time.

Fb

  8 divine investments to help Ly Gia Thanh continuously occupy the throne of the richest billionaire in Hong Kong: Technology is a priority!  - Photo 2.

The “big” Fb was determined to take a position very “brightly” by billionaire Li from the very first days. Photograph: DPA

Mr. Ly stated: In 2007, when the social networking web site Fb was nonetheless struggling and never producing income, it took him solely 5 minutes to make an funding determination. He acknowledged a whole lot of potential to have the ability to unlock, together with the optimistic sign that the variety of Fb customers is consistently rising.

Via his Ly Gia Thanh Basis, he raised his stake on this enterprise to 0.8% to a complete worth of US$120 million.

After Fb was formally listed for the primary time and was valued at over 100 billion USD, Ly Gia Thanh’s large fortune elevated by about 1 billion USD.

Siri

This digital assistant software program is a byproduct from SRI Worldwide’s Heart for Synthetic Intelligence, co-founded in 2007 by Dag Kittlaus, Tom Gruber, Adam Cheyer and Norman Winarsky.

In 2009, billionaire Ly Gia Thanh noticed the potential of Siri’s improvement and determined to take a position $7.5 million. It wasn’t till a 12 months later that Apple realized the significance of this digital assistant software program and determined to purchase it.

Skype app

  8 divine investments to help Ly Gia Thanh continuously occupy the throne of the richest billionaire in Hong Kong: Technology is a priority!  - Photo 3.

The truth is, Skype is the earliest expertise startup invested by Ly Gia Thanh since 2005. When this firm was dealing with losses, the Hong Kong billionaire stood out and invested closely. Only a 12 months later, eBay paid as much as $ 2.5 billion to have the ability to purchase this software.

Waze

Horizons Ventures fund of billionaire Ly Gia Thanh has invested 30 million USD in Waze – Israel’s GPS navigation software. The applying is very appreciated for its options and was acquired by Google in 2013 for $1.1 billion.

Along with the profitable offers “harvesting candy fruits”, Ly Gia Thanh additionally consistently “incubates” in different companies similar to:

MioTech

MioTech is a synthetic intelligence platform for fintech startups. This startup is predicated in Hong Kong. Horizons Ventures has made two investments on this enterprise. The primary time was in 2017 with 7 million USD and the 2nd time was lately.

Spotify

  8 divine investments to help Ly Gia Thanh continuously occupy the throne of the richest billionaire in Hong Kong: Technology is a priority!  - Photo 4.

Jonathan Forster, Normal Supervisor of the web music service Spotify – a unit backed by Ly Gia Thanh. Photograph: SCMP

Spotify is a service that provides digital music from main report labels similar to Sony, EMI, Warner Music Group and Common. Billionaire Ly Gia Thanh and his enterprise capital fund Horizons Ventures have “poured” some huge cash right here.

Since Spotify was first launched in October 2008, the Hong Kong billionaire has invested $21.6 million in it. By August 2009, one other $50 million was invested.

By 2020, Spotify will attain 133 million premium customers worldwide. Thus, Spotify’s income can attain billions of {dollars}. The unit’s regular development milestones actually convey nice earnings to Ly Gia Thanh.

Unimaginable Meals

  8 divine investments to help Ly Gia Thanh continuously occupy the throne of the richest billionaire in Hong Kong: Technology is a priority!  - Photo 5.

Li Ka-shing tastes a veggie burger subsequent to Stanford College molecular biologist Patrick Brown. Photograph: Handout

At the moment, vegetarian meat is being broadly accepted by individuals. However Horizons Ventures has been seeing the potential of this meals since 2014.

In 2020, Unimaginable Meals elevated the variety of eating places by 160%. In the latest funding spherical, roughly $500 million was spent, bringing the overall funding to $1.Three billion.

Phuong Thuy