Hong Kong: The Mugnate of the property of Hong Kong Lee Shau Kee, one of many richest males within the metropolis, died on Monday (March 17) on the age of 97, Henderson Land, the group that based, in a word.
Nicknamed “Uncle Four”, since he was the oldest fourth amongst his brothers, Lee was born in a household of the center class who owned gold and silver outlets within the southern province of Guangdong.
He moved to Hong Kong when he was 20 years outdated and based his property firm, Henderson Land, in 1976. He remained as president till his retreat in May 2019.
The firm is collectively managed by its two kids, Peter and Martin Lee. Lee Shau Kee had an estimated wealth of $ 30 billion from Forbes earlier than dying.
Like the opposite households of the town, Lee’s empire has gone past the true property sector, with participations in firms starting from retail to move. And additionally like his friends, Lee’s success had partially spoken of a superb relationship with former Chinese leaders.
As a part of a delegation by Hong Kong Tycoons, Lee visited China to satisfy the previous chief of the Chinese paramount Deng Xiaoping and as soon as he sat subsequent to the deceased former president Jiang Zemin, confirmed the photographs on his private web site.
I favored the highlight
Unlike the brand new generations of Ultra filled with Hong Kong, which not often converse in public, the primary era has loved the highlight and have been express on many points.
Lee urged younger folks to not get married quickly in the event that they did not have a secure revenue, saying that it was tough to construct a profession after the bills to develop kids.
In addition to “Uncle Four”, Lee was recognized by different names, together with “Warren Buffett by Hong Kong”.
“The buy of actual property securities is extra worthwhile than to do actual property enterprise,” he stated how his quadruplicated fortune inside a couple of years earlier than the inventory market crashed in 2008.
Before the monetary disaster, he was lively in fairness investments within the 2000s, additionally in Chinese state -owned firms similar to Bank of China and Petrochina, and had spoken of his expertise in public.
But after his investments have had a hit and acquired letters of grievance from some retail traders who had adopted his instance, he jokingly joked that he’s solely a “false god of shares”.
Lee was a philanthropist, after giving billions of {dollars} each to Hong Kong and continental China. In 2018, he stored his promise that he would donate $ 1 billion in HK (128.70 million {dollars}) in charity our bodies when the Hang-Chip Hang Seng index of the town reached 30,000 factors.
Leave two sons and three daughters.
