· the li ka - shing foundation will cover full tuition for four to five years for undergraduates, starting with the incoming class of 2019 at shantou university, in the guangdong province. · according to a statement from his foundation, li ka shing will be paying roughly $14 million every year for the next four to five years in order to cover the full cost of every undergraduate’s tuition. With an annual commitment of rmb100m, the foundation hopes this scheme can alleviate financial burdens for families and encourage the pursuit of personal interests and further learning to better prepare graduates for the challenges of an increasingly complex global economy. · li ka - shing , the richest man in hong kong, announced on june 16 that his foundation will cover the entire cost of the tuition for shantou university’s incoming class for up to five years. Li is the 28th-richest person in the. · hong kong s wealthiest man, li ka - shing , announced june 16 that he would fund up to 5 years of tuition for shantou universitys incoming class. · according to a statement from his foundation, li ka shing will be paying roughly $14 million every year for the next four to five years in order to cover the full cost of every. · hong kong’s richest man, li ka - shing , has pledged to pay off the student fees for an entire class of chinese universities students - a move that will cost him a whopping 100 million. The pledge will cost him $14. 4 million a year, according to the bbc.