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Li Ka-shing, Hong Kong’s richest man, made early Zoom bet that’s now worth $3 bn

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Li Ka-shing's overall fortune has tumbled $5 billion amid the pandemic Li Ka-shing built Hong Kong’s biggest fortune on old-fashioned real estate and infrastructure.

It’s a bet on technology that’s paying off in the current crisis. Li, called “Superman" by his admirers, was an early investor in Zoom Video Communications Inc.

and owns about 8.6% of the San Jose-based company, according to regulatory filings. The value of Li’s stake has surged 80% this year to $2.9 billion -- the only public holding of his tracked by the Bloomberg Billionaires Index to record a gain.

His overall fortune is down about $5 billion to $26 billion this year after Hong Kong was hit by protests and the coronavirus pandemic.

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