12. Richard Li
Net Worth: $5.99 billion
Change from 2017 Ranking: ▲34.9%
Major company holdings: PCCW
Li could easily have simply waited to inherit the fortune of his father, Li Ka-Shing, Asia’s richest person, worth an estimated $31.9 billion. Instead, he built his own wealth. As a student, he worked shifts at McDonald’s and as a caddy at a golf course. Along with PCCW, he chairs Pacific Century Group, an Asia-based private investment group with interests in technology, media and financial services, among others. Li bought the asset management operations of AIG for around $500 million in 2009. Through PCCW, he also has stakes in Air Canada and BCE.