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HomeAll NewsMost read newsBusiness Leaders Biography
Portrait de Lee Shau Kee
Birthday : 01/29/1928
Place of birth : Guangdong - China
Country of residence : China

Biography of Lee Shau Kee 
Second richest man in Hong Kong behind Li Ka-Shing and 43rd richest man in the world according to Forbes in 2009, Lee Shau Kee is the CEO of Henderson Land Development Company and Hong Kong and China Gas Company Limited. He is nicknamed the Warren Buffett of Hong Kong.

The master stroke of Lee Shau Kee was to transfer assets to his family from China to Hong Kong before the advent of communism. In 1948, he arrived in Hong Kong and worked for a time in imports and exports before embarking ten years later on the real estate market. He founded with other investors from Hong Kong Eternal Enterprise Company, a real estate agent which allows him to conclude his first deals.

But Lee Shau Kee thinks big. In 1963, he founded Sung Hung Kai Properties and participated in the assault on everything related to real estate. Ten years later, his activities have gained scope, he decided to restructure the real estate company in a group with multiple activities, it is the birth of Henderson Land Development Company.

In 1981, the group made its debut on the Hong Kong Stock Exchange.

In 1985, Lee Shau Kee takes control of the investment company Wing Tai, which becomes Henderson Investment.

In 1989, the new Hong Kong tycoon widens the field of action of the group by launching the chain stores Citistore.

In 1992, he incorporated hotels into the group's activities.

In 1995, he created Megastrength, a security services company.

The enrichment of Lee Shau Kee accompanies the growth of Hong Kong. He is a major player in the regional economy. His group now owns the company Miramar Hotel & Investment Hotels, the gas operator in Hong Kong & China Gas, the ferry operator Hong Kong Ferry Company.

In 1993, Dr. Lee Shau Kee was awarded of the title of Honorary Doctor of Social Sciences at the Chinese University.
Copyright © Marketscreener.com / Photo © Maxppp


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