No Retirement Age for Asia’s Billionaires – Bruce Einhorn

syeg287ofdlo32958720.jpg“Elderly dynamos” who retain power in their companies – even after they’ve hit their 80s or 90s – are at the center of this article from Business Week:

In his eight decades in the media business, Sir Run Run Shaw has built the Chinese-speaking world’s most successful film and TV empire. He was co-founder of Shaw Brothers, the legendary movie studio that made many of the most popular Chinese movies in the 1950s, 60s, and 70s. He launched Television Broadcasts, the Hong Kong TV station known as TVB that has produced the most popular Cantonese dramas and launched the careers of movie and recording heartthrobs idols like Andy Lau. He received a knighthood from Queen Elizabeth II and has become a noted philanthropist, donating money to local universities and following in the footsteps of Alfred Nobel by funding a prize in his own name to honor achievements in astronomy, math, life science, and medicine.

There’s one thing Sir Run Run hasn’t managed to do, though: Figure out how to retire. [Full text]

[Image source: Business Week. A collage of some of Asia’s oldest tycoons, including Run Run Shaw, Li Ka-shing, and Robert Kuok.]

Also, in somewhat related news, Xinhua reports that China has the second largest billionaire population, after the US.

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.