Li Ka-shing Donates HK$118 Million To Shantou University
Every undergraduate attending Shantou University for the next four years will have their tuition paid by Hong Kong’s richest man, Li Ka-shing.
His eponymous foundation will be providing over HK$113 million in scholarships from 2019 to 2022, which is enough to grant full scholarships for every student enrolling each year.
A representative from Shantou University told Caixin that it plans to enroll about 3,100 undergraduates in 2019, and tuition varies between HK$5,600 to HK$11,300.
Determined to contribute to the development of his hometown, Shantou, Li helped to establish the university in 1981 and it remains the only public university that receives funding from the Li Ka Shing Foundation.
In December 2018, Li announced that he would be retiring as chairman from CK Hutchison Holdings and Hutchison Whampoa. Inspired by his humble beginnings, Li has dedicated his life to giving back to the community. He’ll be donating a third of his wealth to charities.
Li started his foundation in 1980, and has since donated over HK$20 billion to schools, hospitals and universities in 27 countries and regions.
“Knowledge and education can change a young person’s destiny, healthcare promotes and restores human dignity, and medical research makes possible new and better forms of care,” he once said.