Hong Kong's richest man Li Ka-shing, 89, waves after speaking to the press on the official day of his retirement as his son Victor Li (L), 53, looks on at the Harbour Grand hotel in Hong Kong on May 10, 2018.
Li formally stepped down as chairman of CK Hutchison at the annual shareholders' meeting today, and his son Victor Li will take over his corporate empire in real estate, telecommunications, ports and retail, with over 300,000 employees in over 50 countries.