Bloomberg Billionaires Index

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# 65 Lee Shau Kee $20.7B

Random fact: Divorced in early 1980s. Still values ex-wife's calligraphy.

Overview

Lee is the founder and largest shareholder of Henderson Land Development, a publicly traded real estate conglomerate. The Hong Kong-based company reported revenue of HK$23.5 billion ($3 billion) in 2021. The property developer also operates in financial services, department stores, hotels and infrastructure.

As of :
Last change +$108M ( +0.5%)
YTD change -$2.26B ( -9.8%)
Biggest asset 12 HK Equity
Country / Region Hong Kong
Age 94
Industry Real Estate
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Lee Shau Kee's net worth of $20.7B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Lee's fortune derives from his 73% stake in Henderson Land Development, a publicly traded property developer. He owns the shares directly and through trusts and holding companies, according to the company's 2021 annual report.

Lee also owns 2% of Sun Hung Kai Properties, 22% of Sunlight Real Estate Investment Trust and less than 1% of Hong Kong Ferry directly, according to corporate filings.

His indirect stakes in Sun Hung Kai Properties, Hong Kong Ferry and Sunlight Real Estate Investment Trust are held through Henderson Land Development and are not included separately in the net worth calculation to avoid double-counting.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes, market performance and charitable giving.

Lee's publicly held stakes were confirmed by Henderson Land executives. They declined to comment on his closely held assets.

Biography

Birthdate: 3/7/1928
Family: Divorced, 5 children

Lee Shau Kee was born in 1928, the son of a Guangdong currency and gold trader. Lee immigrated to Hong Kong during the communist takeover of China in 1948. Lee found work in Hong Kong as a currency and gold dealer. His brother escaped to Macau.

Lee and seven partners, including Kwok Tak Seng and Fung King Hey, created a real estate business in 1958. Five years later, he founded Sun Hung Kai Properties with Kwok and Fung. The developer prospered as Hong Kong land values soared in the 1960s. All three men eventually became billionaires.

Lee left Sun Hung Kai in 1973 to form Henderson Development. His empire diversified into real estate management, hotels, natural gas distribution and a department store chain. He boosted Henderson's Hong Kong land bank to about 21.2 million square feet by June 2011, buying up old buildings and farmland, mostly in the New Territories, as prices fell during the 2008 financial crisis.

Milestones
  • 1928 Born in Guangdong, China.
  • 1948 Lee arrives in Hong Kong, working for a currency and gold dealer.
  • 1963 Forms Sun Hung Kai with partners Kwok Tak Seng and Fung King Hey.
  • 1973 Leaves Sun Hung Kai, creates Henderson Development.
  • 1981 Henderson Land Development goes public in Hong Kong.
  • 1982 Becomes majority shareholder of Hong Kong & China Gas.
  • 1989 Founds Citistore department store chain.
  • 2014 Meets with China President Xi a week before the start of Hong Kong protests.
  • 2019 Steps down as Chairman of Henderson Land Development.