Lee Shau-kee: A Visionary Real Estate Tycoon and Philanthropist

In the realms of real estate, business acumen, and philanthropy, Lee Shau-kee emerges as a living testament to entrepreneurial success and unwavering generosity. Born on March 7, 1928, in Shunde, Guangdong, China, Lee Shau-kee has transcended humble beginnings to become one of Hong Kong’s most celebrated figures. As the founder and former long-time chairman of Henderson Land Development, a conglomerate with diverse interests, Lee Shau-kee’s impact extends well beyond the corridors of business.

From Modest Roots to Real Estate Mastery

Lee’s journey to becoming one of Hong Kong’s wealthiest individuals has been nothing short of extraordinary. Over the years, he has elevated Henderson Land Development into a property conglomerate spanning property development, hotels, restaurants, and internet services. With the tenacity of a true entrepreneur, Lee diligently cultivated his empire.

In 2019, at the age of 91, Lee Shau-kee relinquished his role as chairman and managing director, passing the torch to his sons, Peter and Martin Lee. Despite stepping down, he maintained an active role as an executive director, securing the company’s prominent position in the real estate market.

The Wealth and Impact

Lee Shau-kee’s personal wealth stands as a testament to his business prowess. As of July 2021, he boasted an estimated net worth of approximately $33.0 billion, making him the second wealthiest person in Hong Kong, following only the legendary Li Ka-shing. Once the fourth-richest person globally before the Hong Kong handover in 1997, Lee’s ascent from humble beginnings to unparalleled success remains a remarkable achievement.

His current net worth is 2,670 crores USD (2024), according to Forbes.

Affectionately known as “Uncle Four,” a moniker derived from being one of the few fourth-born children globally to attain multi-billionaire status, Lee Shau-kee’s unique journey reflects unparalleled success arising from modest roots.

The Philanthropic Visionary

Lee Shau-kee’s influence stretches beyond corporate boardrooms, exemplifying a commitment to philanthropy and societal contributions. The HKICC Lee Shau Kee School of Creativity stands as a testament to his philanthropic commitment, with over HK$20 million donated through the Lee Shau Kee Foundation.

In 2007, Lee generously contributed HK$500 million to the University of Hong Kong and HK$400 million to the Hong Kong University of Science and Technology, leaving an enduring impact on education and research.

A noteworthy philanthropic gesture was Lee’s donation of a Yuen Long site to the charity organisation Po Leung Kuk to develop Hong Kong’s largest youth hostel. This initiative aims to provide affordable accommodation for individuals aged 18 to 30.

Lee Shau-kee’s generosity extends to Henderson Land employees, with cash rewards totalling HK$60 million distributed over nine years to celebrate the births of his grandchildren.

Ongoing Philanthropy and Influence

In 2018, Lee reaffirmed his commitment to charitable causes with a HK$100 million donation to Hang Seng Management College, supporting its strategic development. These contributions underscore his dedication to education and youth development.

Current Roles and Family Legacy

Lee Shau-kee’s influence in Hong Kong’s business landscape remains impactful. Holding key positions and contributing significantly to organisations like Hong Kong and China Gas, Miramar Hotel and Investment, Sun Hung Kai Properties, and Hong Kong Ferry (Holdings), he continues to be a vital figure in the business world.

Family holds a special place in Lee’s heart, with five children, including Peter Lee Ka-kit and Martin Lee Ka-Shing, carrying forward his legacy. The proud grandfather of eight grandchildren, Lee Shau-kee’s family remains an integral part of his extraordinary journey.

Conclusion

Lee Shau-kee’s remarkable journey from modest beginnings to becoming one of Hong Kong’s most influential business magnates is undeniably inspirational. His dedication to philanthropy has left an indelible mark on education, youth development, and the community. The legacy of Lee Shau-kee, fondly known as “Uncle Four,” stands as a testament to the transformative power of hard work, entrepreneurship, and the enduring importance of giving back to society.