Hong Kong Billionaire Puts Another $40 Million Into Facebook

Thursday, March 27th, 2008

Erick Schonfeld is the Editor in Chief of TechCrunch. He oversees the editorial content of the site, helps to program the Disrupt conferences and CrunchUps, produces TCTV shows, and writes daily for the blog. He is also the father of three adorable children. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular... → Learn More

facebooklogo2.gifWhat’s another $40 million to a billionaire? Hong Kong’s Li Ka-shing, chairman of telecom giant Hutchison Whampoa, revealed during a conference call that he has raised his stake in Facebook by another $40 million or more. This is on top of the $60 million he previously invested.

That brings his total personal investment in the U.S. social networking site to at least $100 million. No word on whether Facebook’s $15 billion valuation has changed from when Ka-shing first joined Microsoft in putting money into the company. We’re guessing not.

Tags:

Sponsored Ads

blog comments powered by Disqus

Sponsored Ads

Sponsored Ads

Events

Crunchies Awards
January 31, 2012
Davies Symphony Hall
San Francisco CA
Learn MoreBuy Tickets