Lee Shau-kee

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.[2]

For the actor with the same Chinese name, see Lee Siu-kei.
This is a Chinese name; the family name is Lee.
The Honourable

Lee Shau-kee

GBM
李兆基
Born (1928-03-07) 7 March 1928
Shunde, Guangdong, China
CitizenshipHong Kong
OccupationFounder and former long-time Chairman of Henderson Land Development
ex-Chairman of Hong Kong and China Gas
ex-Chairman of Miramar Hotel
Net worth US$30.1 billion (March 2019)[1]
Spouse(s)Lau Wai-kuen (divorced)
Websitewww.leeshaukee.com.hk

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[3] Before the handover of Hong Kong in 1997, he was the fourth-richest person in world.[4]

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.[5]

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.[6]

In 2007, he donated HK$500 million to the University of Hong Kong[7] and HK$400 million to the Hong Kong University of Science and Technology.[8]

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.[9]

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.[10]

In May 2018, Lee donated HK$100 million to Hang Seng Management College supporting its strategic development. [11]

Current positions

Family

Lee has five children, including elder son Peter Lee Ka-kit and younger son Martin Lee Ka-shing, and eight grandchildren.[13][5] He is a follower of Buddhism.[14]

See also

References
  1. The World's Billionaires
  2. Hong Kong second richest man Lee Shau Kee steps down as property company chair, AFP via HKFP, 28 May 2019
  3. Lee Shau Kee – Forbes, Forbes.com. Retrieved May 2012.
  4. http://english.cntv.cn/program/newshour/20120626/113531.shtml
  5. , South China Morning Post. Retrieved December 2015.
  6. HKICC Lee Shau Kee School of Creativity "Main sponsor / personMain sponsor / person" Archived 4 November 2011 at the Wayback Machine, HKICC Lee Shau Kee School of Creativity, 26 October 2010
  7. Dr Lee Shau Kee Donated HK$500M to HKU
  8. $400M Donation to Support HKUST’s Drive Towards World Class Excellence
  9. Lee Shau Kee donates site to youth hostel
  10. http://www.scmp.com/news/hong-kong/economy/article/1864594/hong-kong-tycoon-lee-shau-kee-hands-out-hk15-million-birth
  11. Dr Lee Shau Kee Donated HK$100 Million to Support HSMC’s Strategic Development, 2018-05-07 Retrieved 2018-05-26
  12. Names revealed behind Portsmouth chief Storrie's consortium, Tribal Football, 2009
  13. Top 10 richest Chinese in the world
  14. https://www.lotus-happiness.com/10-buddhist-billionaires-asia/
Order of precedence
Preceded by
David Li
Recipient of the Grand Bauhinia Medal		 Hong Kong order of precedence
Recipient of the Grand Bauhinia Medal		 Succeeded by
Andrew Li
Recipient of the Grand Bauhinia Medal
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