By: CNBC.com News
March 08, 2012 at 01:44 AM EST
Facebook IPO Could Reap $800 Million for Asia's Richest Man: Steve Forbes
Asia's richest man, Hong Kong tycoon Li Ka-Shing, could be up to $800 million richer once Facebook's IPO hits the market, says Steve Forbes, publisher of Forbes magazine. He adds that Li's stake in the social networking phenomenon could be worth nearly 7 times more than his investment, estimated at $120 million.
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