Li Zekai's FWD Insurance hit the listing for the fourth time, before this company has failed three impact listings, originally FWD Insurance planned to be listed in the United States, but because of the new regulations in the United States, Li Zekai chose to return to Hong Kong to list, but the listing in Hong Kong was not smooth.
This is the fourth time that FWD Insurance has hit the listing, but in 2022, FWD Insurance has handed over a not too beautiful report card. FWD lost nearly HK$10 billion last year. This loss is much larger than in 2020 and 2021.
FWD was founded by Li Zekai in 2013, he acquired the Asian business of ING Insurance in the Netherlands in 2008, then he founded FWD Insurance in 2013, and acquired 10 insurance companies in 11 years, eventually forming FWD Insurance.
Today, FWD's business has spread to various countries in Southeast Asia, and Li Zekai has always hoped to develop FWD Insurance to China. However, FWD Insurance has been established for 10 years and has not really started to turn a profit. This is also where many people question Li Zekai.
There are also many questions about whether FWD Insurance can be successfully listed this time. FWD Insurance is not simple, and the market once valued it as high as $60 billion. Li Zekai's personal holding exceeds 70%, and if FWD Insurance goes public, the market value will really reach as high as $60 billion.
Then Li Zekai's personal net worth will exceed 42 billion US dollars, which is equivalent to saying that Li Zekai will surpass his father Li Ka-shing on the wealth list and become the new richest man in Hong Kong. However, all this must be based on the success of FWD's listing.
If FWD Insurance fails to list again because of huge losses, then Li Zekai's confidant Liang Luoshi will undoubtedly become a big loser. Why do you say that?
Liang Luoshi met Li Zekai in 2008, and then Li Zekai ransomed her from the emperor, and after the two were together, Liang Luoshi gave birth to three sons for Li Zekai, including a pair of twins. However, in 2012, the two announced a peaceful breakup, but they would raise their children together.
After that, Liang Luoshi took his three sons to live in Canada, and in recent years, Liang Luoshi returned to Hong Kong with three sons, and they also lived in the Repulse Bay mansion arranged by Li Zekai, which was built by Li Zekai for more than 200 million yuan, and now has a market value of more than 2 billion.
Li Zekai himself did not live here, but gave the house to Liang Luoshi's mother and son to live in. Liang Luoshi has been back for a few years, and Li Zekai and her have not announced reconciliation. Nowadays, the emotional state of the two people is also curious by many people.
However, it does not matter whether they reconciled, because Li Zekai did not marry later and did not have children with other women, so Liang Luoshi's three children are still Li Zekai's only successors.
All of Li Zekai's future assets will be left to these three children. When Li Ka-shing announced his retirement plan in 2012, he once said that his business would be handed over to Li Zeju, and he would leave his cash assets to Li Zekai to support him to start a business.
Li Zekai can set up such a huge company as FWD Insurance in ten years, in fact, it also relies on the funds supported by Li Ka-shing. He has spent tens of billions to acquire insurance companies in Southeast Asia and then integrate them into FWD.
In addition to FWD Insurance, Li Zekai also controls three listed companies, this part of the assets is about 40 billion, the majority of his assets must be in FWD Insurance, if this company can develop, then the future is the world's insurance giant.
This share worth tens of billions of dollars is reserved for Liang Luoshi's three sons, so Liang Luoshi will naturally become a big winner. Liang Luoshi is only in her 30s now, and her life has just begun. Although Liang Luoshi is not short of money, no one in this world will refuse a few more zeros in assets.
If Li Zekai could leave more assets for Liang Luoshi's three sons, she would definitely laugh. Therefore, whether FWD Insurance can be successful in listing has a great impact on Liang Luoshi. Of course, this world also has a great influence on Li Zekai.
Because Li Zekai has always wanted to prove himself, now he finally has the opportunity to surpass his father, but he has always failed. Of course, compared with the listing, Li Zekai should probably focus more on the operation of FWD Insurance, the company has been established for 10 years, has not yet turned a profit, and the amount of loss is also quite large, which shows that there are still many problems in management and operation.
Li Zekai must further refine management, improve the efficiency of the company, and let the company turn losses into profits as soon as possible, which is the core place. The reason why Li Ka-shing can stand in the business world for decades is that although the market value of the listed companies he controls has not been high, it has been making a lot of money. This is where Li Ka-shing is powerful, and it is also where Li Zekai should study well.