Hong Kong property tycoon, Lee Shau-kee, once the richest man in Asia, has passed away at the age of 97. His death was announced by Henderson Land Development, the real estate giant he founded in 1976 and led for over four decades. Lee died peacefully surrounded by his family, though the cause of death was not disclosed. At the time of his passing, his net worth was estimated at nearly $30 billion, according to Forbes.
Born in Guangdong Province, China, Lee moved to Hong Kong in his youth and began his career in gold and foreign currency trading.
This early experience laid the groundwork for his future success in the business world. He later transitioned into real estate, a sector that would become the cornerstone of his wealth and legacy. In 1958, Lee co-founded Sun Hung Kai Properties, one of Hong Kong’s largest property developers, alongside two other founders.
Lee’s entrepreneurial spirit led him to strike out on his own in 1976, founding Henderson Land Development. Under his leadership, the company flourished, becoming a major player in Hong Kong’s real estate market. His sons, Peter and Martin Lee, took over the reins of Henderson Land Development after his retirement in 2019. Lee’s business acumen and vision played a significant role in shaping Hong Kong’s economic landscape and contributing to the city’s prosperity.
Lee was not only a successful businessman but also a dedicated philanthropist. He made significant contributions to education and job development programs, leaving a lasting impact on society. In recognition of his contributions, Lee was awarded Hong Kong’s highest honor, the Grand Bauhinia Medal, in 2007. His legacy extends beyond his business achievements, as he is remembered as an outstanding leader and entrepreneur who contributed to Hong Kong’s economic development and stability.
Chief Executive John Lee praised Lee’s contributions, highlighting his role in shaping the city’s prosperity.
Source: BBC
