With a $28 billion fortune, you might think that Li Ka-shing would opt for a timepiece that would be out of reach of the masses, but you’d be wrong.
In an interview with Bloomberg, the 87-year-old billionaire was seen sporting the solar powered $500 Citizen Eco-Drive watch, stating that it was cheap, practical and robust.
“Suppose this watch is a hundred thousand dollars. I need to be careful,” Li pointed out. “But this is a few hundred US dollars, I can play golf, I go swimming, get any exercise, I don’t need to be careful.”
He also revealed that he kept the watch set 30 minutes early, “because even if I forget an appointment, anywhere in Hong Kong, I can be there in half an hour.”
But the best part of the interview was when the reporter revealed her own wristwatch, a Audemars Piguet Royal Oak with a diamond bezel, which is estimated to cost 30 times as much as Li’s more frugal alternative.
The tycoon, referred to as “superman” by Hong Kongers for his illustrious business career, came under fire from state media last year after selling up some of his holdings on the mainland.
Reports indicate that following Britain’s decision to leave the European Union, Li emerged as one of the biggest losers from the event, with shares in his companies falling by as much as 8 percent.
Watch Li talk about his inexpensive watch here: