Hong Kong Real Estate Billionaire Lee Shau Kee, Once Asia’s Richest Person, Dies At 97 [Forbes]
HONG KONG&CHINA GAS S/ADR (HOKCY)
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Source: Forbes
Lee Shau Kee, the self-made billionaire who built one of Hong Kong's largest property empires, died on Monday. He was 97. Lee's company, Henderson Land Development, announced he passed away peacefully, surrounded by his family. Lee founded Henderson Land in 1976 and was the chairman until 2019, when he handed the reins to his sons Peter and Martin, making them co-chairmen. At the time of his death, Lee was the second-wealthiest person in Hong Kong with , according to Forbes' Real-Time Billionaires list. Lee was among the first generation of entrepreneurs in Hong Kong who started making a fortune from property development between the 60s and 70s, when the city was facing a shortage of affordable housing. During the period, Lee cofounded Sun Hung Kai Properties with Fung King Hey and Kwok Tak Seng, the father of Hong Kong's billionaire Kwok brothers, and later went out on his own to establish Henderson Land. Both Sun Hung Kai and Henderson Land became major players in Hong Kong's
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