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Li Ka-shing Backs Victor as Heir, Bankrolls Younger Richard

Li Ka-shing, Asia’s richest man, backed his heir Victor to make a success of running the $68 billion property-to-ports empire and pledged to provide other son Richard with funding “any time.”

The 84-year-old last month transferred Richard’s stake in the family trust that controls Hutchison Whampoa Ltd. and flagship developer Cheung Kong (Holdings) Ltd. to Victor.