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Hong Kong billionaire property developer
Lee Shau Kee dies at 97
[March 18, 2025]
HONG KONG (AP) — Lee Shau Kee, a Hong Kong billionaire property
developer who led one of the biggest real estate empires in the former
British territory, has died. He was 97.
The company that he founded said that Lee died on Monday evening
peacefully with his family by his side. No cause of death was given.
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Henderson Land Development's founder and chairman Lee Shau Kee attends a
news conference as he announces his retirement after the company's
general meeting in Hong Kong, Tuesday, May 28, 2019. (AP Photo/Kin
Cheung, file) |
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Lee
founded Henderson Land Development Co. Ltd. in 1976, and was its
chairman and managing director until 2019. He was succeeded by
his sons, Peter Lee and Martin Lee, the company’s chairpersons.
Forbes listed Lee as Hong Kong’s second-richest person with
$29.2 billion in its latest ranking.
Under Henderson Land's belt are landmarks like the International
Finance Centre complex and ifc mall in Central, a vibrant
commercial district.
Lee was born in Guangdong province, the coastal region in
southern China across from Hong Kong. He moved to the city in
1948, and became a key player in the real estate industry.
Like other Hong Kong tycoons, Lee was also one of the key
philanthropists who contributed to the development of Hong Kong
and mainland China. In 2007, the Hong Kong government awarded
him the Grand Bauhinia Medal as a recognition of his outstanding
contribution to education and community service.
Hong Kong leader John Lee expressed condolences over the
tycoon's death and praised him for being an outstanding business
leader and entrepreneur. Lee highlighted his generous donations
to various universities in Hong Kong and mainland China and his
support in nurturing talent.
Lee Shau Kee is survived by two sons and three daughters that he
had shared with his ex-wife.
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