Lee Shau Kee

Lee Shau-kee is a business magnate & investor. He is best familiar real estate tycoon. His estimated net worth is …….

Photo: Tksteven / CC BY (https://creativecommons.org/licenses/by/3.0)

QUICK FACTS

Born: January 29, 1928

Age: 92 years

Born Place: Shunde District, Foshan, China

Gender: Male

Spouse: Lau Wai-kuen (divorced)

Net Worth: US$30.1 billion (March 2019)

Occupation: Founder and former long-time Chairman of Henderson Land Development
ex-Chairman of Hong Kong and China Gas
ex-Chairman of Miramar Hotel

BIOGRAPHY

Lee Shau-kee GBM (Chinese: 李兆基; born 7 March 1928 in Shunde, Guangdong, China) is a Hong Kong business magnate, investor, and philanthropist. He is well known real estate tycoon and majority owner of Henderson Land Development, a property conglomerate with interests in property, hotels, restaurants and internet services. In 2019, aged 91, Lee stepped down as chairman and managing director of the company, in favour of two of his sons, Peter and Martin Lee. He retains a role as an executive director.

His personal wealth is estimated to be $31.5 billion, making him the second wealthiest man in Hong Kong, and the 27th richest in the world Before the handover of Hong Kong in 1997, he was the fourth-richest person in world.

Since 2006, Lee has accrued substantial profits from his holdings of Mainland-controlled stocks. This return on investment has earned him nicknames including “Hong Kong’s Buffett” (香港巴菲特) and “Asia’s Master of Stock” (亞洲股神). He is also affectionately known as “Uncle Four”, one of the very few fourth-born children in the world to have become a multi-billionaire.

Lee has five children, including elder son Peter Lee Ka-kit and younger son Martin Lee Ka-shing, and eight grandchildren. He is a follower of Buddhism.

Philanthropy

Lee is one of the main sponsors of the HKICC Lee Shau Kee School of Creativity, having donated more than HK$20 million through the Lee Shau Kee Foundation.

In 2007, he donated HK$500 million to the University of Hong Kong and HK$400 million to the Hong Kong University of Science and Technology.

In 2015, Lee donated a site in Yuen Long to charity organisation Po Leung Kuk for it to develop Hong Kong’s biggest youth hostel. Lee announced that the units would be leased to young people between the ages of 18 and 30 at half the market rate.

Other than public philanthropy, Lee has given his Henderson Land staff cash gifts to celebrate the birth of four of his grandchildren, in amounts totalling HK$60 million over a nine-year period.

In May 2018, Lee donated HK$100 million to Hang Seng Management College supporting its strategic development.

CURRENT POSITIONS

  • Founder, ex-Chairman and managing director, of Henderson Land Development
  • ex-Chairman of Hong Kong and China Gas
  • ex-Chairman of Miramar Hotel and Investment
  • Vice-Chairman and independent non-executive director of Sun Hung Kai Properties
  • Member of board of directors of Hong Kong Ferry (Holdings) and the Bank of East Asia
  • Named as part of Peter Storrie’s consortium to buy Portsmouth Football Club

The contents of this page are sourced from Wikipedia article on 4 July 2020. The contents are available under the CC BY-SA 4.0 license.

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