Lee Shau-Kee, Hong Kong Real Estate Tycoon, died on Monday for thousands of central refugees for thousands of apartments for thousands of apartments. He was 97 years old.
He announced the company that created his death, Henderson Land Development. He didn’t say where he died or mentioned a cause.
Well, in his 70s, Mr. Lee became richer, through hard investment of some, they encouraged calling Hong Kong’s Warren Buffett. In his death, Forbes Magazine He calculated the value of $ 29.2 million, 63 in the world. Becoming the richest people.
Mr. Lee developed Henderson Land in 1976. As he managed as President and Director in 2019, the company grew by 10,000 employees and spread beyond real estate in hotels, large stores and stores Natural gas Distribution.
He began his career as a gold and currency seller, investing in real estate gains. Most speculators and developers preferred plots of higher prices on Hong Kong Island. But Mr. Lee was surely from the continent and the many hardest refugees, ascending paintings to send property prices. He took a chance to buy cheap agricultural land, in new territories in the new lands of the peninsula.
His business strategy, he said that salaries were based on trends that indicate that they were rising much faster than property prices, putting hundreds of thousands of buyers and litters. In the 1970s and the 80s, Henderson Lurs Development Built a new Sha Tin town, more than half a million people.
“Young couple chose to live in their homes instead of their parents, instead of traditionally,” said Lee Leung Fung-Yee to his official biographer.
Mr. Lee himself built his company throughout Hong Kong and liked him to spend his spare time.
As the real estate business has grown, Mr. Lee took his management with relatives with staff, including his children and nephews and nephews. They were at least 10 of them; Two sons, Peter and Martin, became joint president of 2019.
Mr. Lee focused the most Her philanthropy Through Lee Shau-Kee Foundation, buildings and scholarships to finance universities in Hong Kong, China and other countries. The Foundation also financed Vocational Training for China Continental farmers and rural doctors.
Mr. Lee once thought of making great investments abroad, he said, but he finally decided to be on the island. “They are more taller elsewhere,” Forbes said in 1997, in 1996, in 1996, in tax-free dividends, translating windy breaches to their real estate businesses. “You can’t earple your earnings.”
Lee Shau-Kee was born on January 29, 1928, on the outskirts of Guangzhou, then Kanton was known in southern China, Lee Gai-Fu and Chan Luan-Fung. His father, who sent his father to Hong Kong in 1948, when the Communists of Mao Zedongo did the nationalists of Chiang Kai-Shek in China Civil War.
As a teenager, Mr. Lee became a golden trader, first with his father and then on his own. As an adult, he decided to go to Hong Kong and decided to embark on the development of real estate. The sun sang the Kai properties with two other partners in 1963 and began to develop Henderson Land for 13 years later.
Henderson became a publicly traded company in 1981, though most of its shares were members of the Lee family.
Mr. Lee occasionally divorced with his relatives, especially with his wife, four wai-Kuen, 1981. “I’m not afraid of being afraid again that the woman would see my money alone,” he said to his biographer.
Survive his two children, three daughters and his sister, Fung Lee Won Woon King, Executive Director of Henderson Land Development.
At the end of the 19th century, economic and political tendencies weakened the Hong Kong real estate market, Mr. Lee among the richest people in the world. Embracing Chinese reform capitalist, foreign investors hurried to configure continental workshops and offices, and Shanghai challenged Hong Kong pre-famous Asian capital. With the end of Hong Kong’s end of the British colonial and return to Chinese sovereignty, the island of the island lost the Aura of his free business center. With fewer corporations that establish Hong Kong offices, the local property market stopped.
The critics of Mr. Lee predicted the decline of his empire, referring to his traditional organization, carefully mentioning the risk of the traditional family organization.
“Lee Shau-Kee reports II post-II entrepreneurs,” he said in 2001. Although he built a profitable empire, the magazine wrote, Mr. Lee has had a new generation and difficulty preparing a new business environment. “
Such doomsayers showed it wrong, in economic stocks, derivatives and new businesses, such as paper manufacturing. His touch was so sure to try to hide his investment plans from speculators to try to follow all his movements.
At the same time, Mr. Lee was becoming more and more disgusting with his heirs. In 1998, Hong Kong journalists told them after the tutoring in the family business, his eldest son, Peter, was not ready. “It only gets the grade that is now passed,” Mr. Lee said.
At the time, investors and financial analysts were even less surprised by Martin, Martin, sports cars and a young passion for night life.
But they recovered the confidence over the years, and took control of the company after the LEA Mr. Lee.
In their part, the sons of Lee’s son arose his faithfulness to his father and asked him to keep the leadership of the family as much as possible. “I will be the first to ask for retirement”, Peter Lee said Peter Lee in the morning of South China.
The feeling was maintained with the strong sense of Mr. Lee’s piety. In 1996, he built a four-story mausoleum, with a tower embedded with stones semiprezio, in the old town of Daliang, southern Pearl Delta. He buried his parents there.
Ash wu Contribution reports.
2025-03-17 22:18:00
