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Lee Shau-kee

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Lee Shau-kee
李兆基
Lee in 2013
Born(1928-02-20)20 February 1928
Died17 March 2025(2025-03-17) (aged 97)
CitizenshipHong Kong
Occupation(s)Founder and former long-time Chairman of Henderson Land Development
ex-Chairman of Hong Kong and China Gas
ex-Chairman of Miramar Hotel[1]
SpouseLau Wai-kuen (divorced)
Chinese name
Chinese李兆基
Transcriptions
Standard Mandarin
Hanyu PinyinLi Zhaoji
Websitewww.leeshaukee.com.hk

Lee Shau-kee GBM (Chinese: ; 20 February 1928 – 17 March 2025) was a Hong Kong business magnate, investor, and philanthropist.[2] He was a real estate tycoon and majority owner of Henderson Land Development, a property conglomerate with interests in property, hotels, restaurants and internet services in Hong Kong and other countries. 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 retained a role as an executive director.[3]

His personal wealth was estimated to be US$27.8 billion as of July 2024, making him the second wealthiest man in Hong Kong (behind Li Ka-shing), and the 63rd richest in the world.[4] Before the handover of Hong Kong in 1997, he was the fourth-richest person in the world.[5]

Philanthropy

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Lee was 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 had 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]

Positions

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Lee Shau Kee Lecture Centre at The University of Hong Kong

Personal life and death

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Lee had five children, including elder son Peter Lee Ka-kit and younger son Martin Lee Ka-shing, and eight grandchildren.[13][10]

Lee died at his residence on the evening on 17 March 2025, at the age of 97.[14]

See also

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References

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  1. ^ a b c d e f "Dr the Hon LEE Shau Kee". www.hld.com. Retrieved 7 September 2024.
  2. ^ "Forbes Profile: Lee Shau Kee". Forbes. 11 June 2021.
  3. ^ "Hong Kong second richest man Lee Shau Kee steps down as property company chair". AFP via HKFP. Retrieved 17 March 2025.
  4. ^ "Real Time Billionaires". Forbes. Retrieved 9 July 2021.
  5. ^ "HK remains best place for business CCTV News - CNTV English". Archived from the original on 5 July 2012.
  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". HKU Giving. 17 March 2008. Retrieved 17 March 2025.
  8. ^ "$400M Donation to Support HKUST's Drive Towards World Class Excellence | The Hong Kong University of Science and Technology". Hong Kong University of Science and Technology. Retrieved 17 March 2025.
  9. ^ "Tycoon Lee Shau-kee donates site for Hong Kong's biggest youth hostel". South China Morning Post. 16 January 2015. Retrieved 17 March 2025.
  10. ^ a b "Hong Kong tycoon Lee Shau-kee hands out HK$15 million for birth of seventh grandchild". South China Morning Post. 6 October 2015. Retrieved 17 March 2025.
  11. ^ "李兆基博士捐出港幣一億元 支持恒生管理學院長遠策略發展". Hang Seng Management College (in Chinese (Hong Kong)). Retrieved 17 March 2025.
  12. ^ Names revealed behind Portsmouth chief Storrie's consortium, Tribal Football, 2009
  13. ^ Top 10 richest Chinese in the world
  14. ^ "Henderson Land Group founder Lee Shau-kee passes away at 97". The Standard. Retrieved 17 March 2025.
[edit]
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