Entrepreneurs
Lee Shau Kee Net Worth
Lee Shau-kee is a Hong Kong-based business magnate who has earned billions as the majority shareholder of Henderson Land Development.

What is Lee Shau Kee’s net worth?
Net Worth: | $33 Billion |
---|---|
Age: | 95 |
Born: | February 20, 1928 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | China |
Source of Wealth: | Entrepreneur |
Last Updated: | March 8, 2023 |
Introduction
Lee Shau-kee has made a fortune as the owner of Henderson Land Development and as an investor.
Now one of the wealthiest people in the world, Shau-kee has retired from his chairman position but remains the executive director of his company as his fortune continues to grow.
As of October 2023, Lee Shau Kee’s net worth is estimated to be $33 Billion.
Lee Shau Kee Facts
- Lee Shau-kee grew up in poverty, with his family only having enough money to afford meat or fish twice a month at most.
- Under Shau-Kee’s leadership, Hong Kong and China Gas was named the Best Gas Company in the World, growing to serve over 30 million customers from 1983 to 2019.
- Shau-kee is the current Honorary President of the Shunde Friendship Association.
- In 2007, Shau-lee donated $500 million to the University of Hong Kong and $400 million to the Hong Kong University of Science and Technology.
- Shau-kee donated $100 million to Hang Seng Management College in 2018 to help support its strategic development department.
Early Life
Lee Shau-kee was born on March 7, 1928, in Shunde, Guangdong Republic of China, and his story of building himself up from poverty has often been used as an inspirational story in Hong Kong.
The fourth child born into his family, Shau-kee, grew up in incredible poverty, and his family immigrated to Hong Kong from mainland China during the communist takeover in 1948.
In Hong Kong, Shau-kee worked as a gold and currency dealer before joining seven partners to start Sun Hung Kai Properties, a real estate business, in 1958.
Sun Hung Kai Properties saw considerable gains in the 1960s, which led to Shau-kee and his partners becoming billionaires.
Career
In 1973, Lee Shau-kee left Sun Hung Kai Properties and formed Henderson Land Development, diversifying his portfolio by delving into real estate management, natural gas, hotels, and a department store chain.
Shau-kee has remained with Henderson Land Development since he founded it, serving as the majority owner, chairman, and managing director.
In 1997, he accumulated so much wealth that he became one of the richest people in Asia and the wealthiest person in Hong Kong.
While he stepped down as the managing director and chairman of Henderson Land Development in 2019, allowing his two sons to take over the position, Shau-kee still maintains his role as the executive director.
Lee Shau Kee’s Career Earnings
Although we don’t know precisely what Lee Shau-kee makes every year, we do know where his money comes from.
- Shau-lee owns a 73% stake in Henderson Land Development, which is how he makes most of his money.
- Shau-kee owns 22% of Sunlight Real Estate Investment.
- Smaller investments include 2% of Sun Hung Kai Properties and 1% of Hong Kong Ferry.
The stakes that Shau-kee holds in Sun Hung Kai Properties and Hong Kong Ferry are held indirectly through Henderson Land Development and are not shares held directly, though he does receive income from them.
Personal Life
Not much is known about Lee Shau-kee’s personal life, though it is known that he has five children.
Two of his sons, Peter and Martain Lee, are the current chairmen and managing directors of Henderson Land Development, taking over after Shau-kee stepped down.
Shau-kee does have a Twitter account, though it is seldom used, and his official website largely describes his philanthropy and business ventures, with little mention of his personal life.
Awards & Achievements
Lee Shau-kee has achieved a lot throughout his career, which has helped him accrue his fortune.
Here are some highlights from Lee Shau Kee’s career:
- Lee Shau-kee founded Henderson Land Development in 1976, and it was made public by Sun Hung Kai Securities in 1981.
- From 1975 to 2015, Shau-kee served as the chairman of Henderson Land Development.
- Lee Shau-kee served as the executive director of Henderson Land Development from 2015 to 2019.
- From 1983 to 2019, Shau-kee was the chairman of Hong Kong and China Gas.
- In 1996, Shau-kee became the wealthiest man in Asia and the fourth richest man in the world.
How Does Lee Shau Kee Spend His Money?
As one of the richest people in the world, Shau-kee lives in the most expensive mansion in Hong Kong.
His home is so lavish it is known as “Lee’s Palace,” and the real estate mogul bought it in 2010 for $2 billion at a private land auction.
Shau-kee spent an entire decade renovating the three mansions on the property, keeping his plans for the sight a secret from the public.
While we don’t know if he is planning on making his palace his permanent home, seeing as how Hong Kong is one of the most expensive cities in the world to live in, we can assume that whatever home he’s currently living in costs an exuberant amount as well.
Highlights
Lee Shau-kee has reached many milestones throughout his career, but some stand out more than others.
Here are some of the best highlights of Lee Shau Kee’s career:
- In 1976, Lee Shau-kee founded Henderson Land Development, which jump-started his career success.
- Shau-kee founded the Hong Kong Peihua Education Foundation in 1982 to sponsor education and training.
- From 1983 to 2019, Shau-kee served as the chairman of Hong Kong and China Gas Company Limited, a business that now serves 30 million customers.
- The Hong Kong government awarded Shau-kee with the Great Bauhinia Medal in 2008.
- Lee Shau-kee was honored as an honorary trustee and strategic consultant by Fudan University.
Favorite Lee Shau Kee Quotes
Lee Shau-kee has a lot of wisdom to share, having built himself up from poverty to become one of the richest men in Asia.
Here are our favorite quotes from Lee Shau Kee:
- “Work hard and persevere.” – Lee Shau Kee
- “I want to help people to help themselves…” – Lee Shau Kee
- “Don’t just park money in the bank.” – Lee Shau Kee
- “Save your first bucket of gold… then use it for investments.” – Lee Shau Kee
- “Use money to make money.” – Lee Shau Kee
3 Amazing Lessons From Lee Shau Kee
Now that you know all about Lee Shau Kee’s net worth, we can look at what his impressive career can teach us about reaching our own goals.
Here are some of the best success lessons to learn from Lee Shau Kee:
1. Work Hard
Shau-kee became one of the wealthiest people in the world despite growing up in poverty.
While not everyone will be fortunate enough to become a billionaire, hard work is essential to gaining any level of success.
2. Invest Well
Lee Shau-kee made a great deal of his money from smart investing, and it is something that everyone looking to become successful should learn from.
While there are many ways to invest wisely, including using one of the best dividend trackers, the key is to invest what you can in ways that aren’t going to risk major losses.
3. Use What You Have
Whether it is money, skills, or a combination of both, to become successful, it is vital to be able to use what you have to get ahead.
Doing this will give you a better chance of setting yourself apart and reaching your goals.
Summary
Lee Shau-kee is the perfect example of rags to riches, and his fortune hasn’t shown signs of declining.
While he may not be as active in his business as he once was, Shau-kee still makes a ton of money through his high stakes in multiple companies.
Make sure to check back often as Shau-kee’s net worth continues to increase!
As of October 2023, Lee Shau Kee’s net worth is estimated to be $33 Billion.
What do you think about Lee Shau Kee’s net worth? Leave a comment below.
Entrepreneurs
Mike Adenuga Net Worth

What is Mike Adenuga’s net worth?
Net Worth: | $6 Billion |
---|---|
Age: | 70 |
Born: | April 29, 1953 |
Gender: | Male |
Height: | 1.73 m (5 ft 8 in) |
Country of Origin: | Nigeria |
Source of Wealth: | Entrepreneur |
Last Updated: | September 18, 2023 |
Introduction
Mike Adenuga is a Nigerian billionaire businessman and the second-richest person in Africa.
His company Globacom is Nigeria’s second-largest telecom operator, which has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil.
As of October 2023, Mike Adenuga’s net worth is estimated to be $6 Billion.
Early Life
Michael Adeniyi Agbolade Ishola Adenuga Jr. was born on the 29th of April, 1953, in Ibadan, Nigeria.
His father was a school teacher while his mother was a businesswoman of royal Ijebu descent.
Adenuga received his secondary school education at Ibadan Grammar School, Ibadan, and Comprehensive High School, Aiyetoro, for his Higher School Certificate. He worked as a taxi driver to help fund his university education.
Career
Entrepreneur
No stranger to hard work, Mike Adenuga helped fund his university education by working as a taxi driver before graduating from Northwestern Oklahoma State University.
In 1979, he achieved his first significant success by making his first million dollars from selling lace and distributing soft drinks.
Over the next 11 years, he consolidated his business, investing his profits and building a financial base that would catapult him into the big leagues.
A pivotal step in his career saw him obtain a drilling license in 1990, paving the way for his entry into the Nigerian oil industry.
His company, Consolidated Oil, discovered a commercial quantity of oil in 1990 in Southwestern Ondo State, a milestone for indigenous oil companies in Nigeria.
Businessman
Building on his successful oil venture, he was granted a conditional GSM license in 1999, marking his entry into the telecommunications sector.
Unfortunately, his initial license was revoked, but he persevered and secured a second GSM license in 2003 after a government auction.
Utilizing these lucrative licenses, Adenuga went on to establish Globacom (GLO), a telecom company that gained prominence in Nigeria expanding its footprint throughout the country.
He was so successful that he was named African Entrepreneur of The Year at the first African Telecoms Awards in 2007, highlighting his entrepreneurial excellence.
He joins fellow Nigerian businessmen and entrepreneurial mogul, Aliko Dangote on the list of Forbes Africa’s Billionaires for 2023.
Mergers and Acquisitions Specialist
In May 2015, Adenuga initiated a takeover bid for Comium Côte d’Ivoire, a mobile telecom operator in the Ivory Coast, with a $600 million offer.
The years following Globacom Limited’s initial African expansion into Côte d’Ivoire saw the Nigerian multinational telecommunications company identify further opportunities abroad.
Headquartered in Lagos, GLO remained a privately owned telecommunications carrier with Adenuga holding a controlling interest in the company.
The company currently provides telecommunications services in four countries in West Africa, including Nigeria, the Republic of Benin, Ghana, and Côte d’Ivoire.
The international business community recognizes GLO and its impressive chairman, Dr. Mike Adenuga Jr., for his impressive achievements in a harsh and demanding business environment.
International Recognition
Forbes ranks him as Africa’s 6th richest man, with a personal net worth exceeding $7.3 Billion – ranking 324 on the list of world billionaires.
He built his fortune through diversification and acquisitions, utilizing his massive oil fortune to successfully launch his telecom business in Nigeria before expanding abroad.
Pivotal to the success of his telecommunications company GLO, is the expansion of the service offering to include internet access in addition to phone services.
Starting in 2011, the company built an $800 million, high-capacity fiber-optic submarine cable that connected users to the internet via the United Kingdom.
They rolled out a 4G LTE service in 2016, offering subscribers fast and efficient broadband connectivity, snagging just under 40 million internet subscribers by 2020.
Mike Adenuga lives his life by following one of the famous Nelson Mandela quotes – “There is no passion to be found playing small.”
Philanthropist and Innovation Specialist
Adenuga and his companies support social and community development, making it a priority to engage in philanthropic efforts and support a variety of upliftment initiatives.
His innovative business strategies and personal leadership are pivotal in driving the growth of his diverse ventures and building an impressive African brand.
The businesses in his portfolio make a huge contribution to the economic development of West Africa, playing a vital role in the region’s development.
Key to his business growth and expansion is his unwavering commitment to job development, creating tremendous opportunities for communities in the region.
With his focus on indigenous business growth, Adenuga’s impressive achievements highlight the potential of African businesses on a global scale.
By providing the technological infrastructure to facilitate business, his telecom ventures contribute to advancing technology infrastructure across Nigeria and neighboring countries.
Adenuga has built an extensive global network, collaborating with business leaders like Microsoft founder Bill Gates who pledged $100 million to address malnutrition in Nigeria.
Mike Adenuga’s Net Worth
As of October 2023, Mike Adenuga’s net worth is $6 Billion.
Highlights
Here are some of the best highlights of Mike Adenuga’s career:
- Globacom is Nigeria’s second-largest telecom operator
- He owns stakes in the Equitorial Trust Bank
- Grand Commander of the Order of the Niger (2012)
- Commander of the Legion of Honour (2018)
Favorite Quotes From Mike Adenuga
“The harder you work, the luckier you get” – Mike Adenuga
1 Strong Lesson From Mike Adenuga
Now that you know all about Mike Adenuga’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. Grow Stronger Than Before
Accepting, embracing, and learning from the change makes you stronger and better than you were in the past. The ability to learn from your past makes you a better person. A person who is able to deal with the changes more easily and is able to move on without having any regrets in life.
Frequently Asked Questions
How much is Mike Adenuga worth?
Mike Adenuga’s net worth is estimated to be $6 Billion.
How old is Mike Adenuga?
Mike Adenuga was born on April 29, 1953, and is currently 70 years old.
How tall is Mike Adenuga?
Mike Adenuga’s height is 1.73 m, which is equal to 5 ft 8 in.
Summary
Mike Adenuga is a Nigerian billionaire who is one of the richest Africans.
With over 24 million customers in Nigeria, Globacom also operates in the Republic of Benin, where it recently acquired licenses to start businesses in Ghana and the Ivory Coast.
As of October 2023, Mike Adenuga’s net worth is $6 Billion.
What do you think about Mike Adenuga’s net worth? Leave a comment below.
Entrepreneurs
Giovanni Ferrero Net Worth

What is Giovanni Ferrero’s net worth?
Net Worth: | $28 Billion |
---|---|
Age: | 58 |
Born: | September 21, 1964 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | Italy |
Source of Wealth: | Entrepreneur |
Last Updated: | March 8, 2023 |
Introduction
Giovanni Ferrero is an Italian businessman from Italy.
Ferrero assumed the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011.
He was born in Farigliano, Italy. In 1975, he moved to Brussels, Belgium, where he studied at the European Schools.[
As of October 2023, Giovanni Ferrero’s net worth is estimated to be roughly $28 Billion.
Early Life
Giovanni Ferrero was born on the 21st of September, 1964, in Farigliano, Italy.
Ferrero is Maria Franca Fissolo and Michele Ferrero, the owner of the multinational confectionery corporation Ferrero.
In 1975, he moved to Brussels, Belgium, where he studied at the European Schools. Then he moved to the US, where he studied marketing at Lebanon Valley College.
Career
The Ferrero Group originated when Ferrero’s grandfather, Pietro Ferrero, opened a chocolate shop in Alba, Italy, in 1946, Forbes reported. The store’s main product was Supercrema. A hazelnut spread born from wartime chocolate shortages; it was the precursor to Nutella.
Over 70 years later, the Ferrero Group is the world’s second-largest confectionery company. Bloomberg reported that the company sold $11.9 billion worth of sweets in the fiscal year ending in August 2018.
Thanks to various product additions and company acquisitions, the Ferrero Group’s products now include Tic Tac mints; Kinder chocolates; Baby Ruth, Butterfinger, and Crunch candy bars; and Keebler, Famous Amos, and Little Brownie Bakers cookies; in addition to Nutella and Ferrero Rocher, according to a July press release.
Giovanni and his brother Pietro became the company’s co-CEOs in 1997.
Ferrero makes brands such as Nutella, Ferrero Rocher, and Tic Tac. They do over $11 billion a year in revenue and employ more than 20,000 people.
As of October 2023, Giovanni Ferrero’s net worth is estimated to be roughly $28 Billion.
Highlights
Here are some of the best highlights of Giovanni Ferrero’s career:
- Ferrero leads Ferrero SpA
- He became joint-CEO of Ferrero (1997)
Favorite Quotes From Giovanni Ferrero
“Tradition is like a bow. The more we stretch the bowstring, the farther we can throw the arrows of modernity and innovation.” – Giovanni Ferrero
“Soon, we’ll be able to delist. We’re pleased with the chances of expanding into the British market that the purchase of Thorntons grants us.” – Giovanni Ferrero
“I am very confident that Mr. Lapo Civiletti will ensure continuity in reaching business goals and effectively support the Group in its growth objectives. He has been chosen for his business acumen, vision, and mission-driven orientation while truly fostering the Ferrero culture and core values.” – Giovanni Ferrero
“I am sure that the new Governance will boost our company’s growth while staying true to our roots. This will be the essential step to combine “the best of our worlds”: our distinctive entrepreneurship, our managerial excellence, and the quality of all our people, the perfect blend for success.” – Giovanni Ferrero
3 Life Lessons From The Ferrero Family
Now that you know all about Giovanni Ferrero’s net worth and how he achieved success; let’s take a look at some of the strongest lessons we can learn from him and his family:
1. Seizing The Opportunity
Ferrero’s father, pastry maker Pietro, is credited with creating the recipe for Nutella. He added hazelnut to the first batch in 1964 when cocoa was in short supply – but it was Michele who built the Nutella brand and decided to take it to the masses. Ferrero is estimated to be the world’s fourth-largest chocolate confectionery company.
More than 365,000 tonnes of Nutella are produced each year in 11 factories around the world.
The company’s largest market is Germany, followed by Italy and France.
2. Innovation Is Key
Not content with just one product, Ferrero developed Kinder chocolate in 1968 and won children’s hearts worldwide from 1974 when the Kinder Surprise eggs became available. According to the Ferrero website, more than 30 billion Kinder Surprise eggs have been sold.
3. Give Back To Your Community
The foundation offers financial support to former employees who worked for the Ferrero Group for at least 25 years and educational, creative, and recreational initiatives for all former employees. Give back.
Frequently Asked Questions
How much is Giovanni Ferrero worth?
Giovanni Ferrero’s net worth is estimated to be $28 Billion.
How old is Giovanni Ferrero?
Giovanni Ferrero was born on September 21, 1964, and is currently 59 years old.
How tall is Giovanni Ferrero?
Giovanni Ferrero’s height is Unknown.
Summary
Giovanni Ferrero is the richest man in Italy and the secretive billionaire behind the Ferrero Group.
The Ferrero Group is the world’s second-largest chocolatier and the maker of Nutella, Ferrero Rocher, and Tic Tacs.
Ferrero will drive the Group by focusing on long-term strategies, new business directions, and breakthrough innovation while assuring continuity in the company’s culture and values.
As of October 2023, Giovanni Ferrero’s net worth is estimated to be roughly $28 Billion.
What do you think about Giovanni Ferrero’s net worth? Leave a comment below.
Entrepreneurs
Joseph Lau Net Worth

What is Joseph Lau’s net worth?
Net Worth: | $7.2 Billion |
---|---|
Age: | 72 |
Born: | January 1, 1951 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | China |
Source of Wealth: | Entrepreneur |
Last Updated: | March 8, 2023 |
Introduction
Joseph Lau is a Hong Kong billionaire.
Lau owns a 61% stake in Chinese Estates Holdings, and his fortune is estimated by Forbes at $15.1 billion as of April 2017. Lau is an avid art collector, and in 2017 Forbes has estimated the value of his collection to be a total of $1 billion.
As of October 2023, Joseph Lau’s net worth is estimated to be roughly $7.2 Billion.
Early Life
Joseph Lau Luen Hung was born on the 21st of July, 1951, in Hong Kong.
He has a younger brother and two younger sisters. Lau married Bo Wing-Kam in 1977, and they were divorced in 1992.
He became the majority shareholder of Chinese Estates Holdings when he acquired a 43% stake in the company through Evergo in 1986. Since then, he’s expanded his real estate investments through a series of acquisitions.
Career
Joseph Lau reportedly had a 61% stake in Chinese Estates Holdings, a significant Chinese investment holding company based in Hong Kong, China – its subsidiaries principally engaging in property investment and development, brokerage, securities investment, and money lending.
In 2007, Lau was among the first of seven purchasers of a Boeing 787 Dreamliner jet for his private use and according to the Sunday Times. He also owns one of the world’s finest red wine collections, with at least 10,000 bottles.
He is also known as an avid art collector. In 2012, the Macau Court of Final Appeal confirmed that Lau and Steven Lo were involved in offering Macau’s former public works chief Ao Man-long HK$20 million over the bid for five plots of land opposite Macau International Airport.
Lau and Lo were charged with bribery and money laundering. They both denied the charges, and Lo earlier told the court that the HK$20 million was an initial payment to construction company San Meng Fai.
In 2014 Lau and Lo were found guilty of the charges against them in Macau’s Court of First Instance. Lau was sentenced to five years and three months in prison, but he appealed.
As of October 2023, Joseph Lau’s net worth is estimated to be roughly $7.2 Billion.
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How Does Joseph Lau Spend His Money?
Joseph Lau spends some of his money on his massive art collection and wine.
Joseph Lau’s Art Collection and Wine Collection
Lau is a well-known art collector, and the total value of his art collection is estimated to be $1 billion. He owns more than 10,000 bottles of red wine.
In October 2020, the sales of Lau’s French wines at Sotheby’s in Hong Kong brought a total of $6.8 million, more than doubling pre-sale expectations.
Highlights
Here are some of the best highlights of Joseph Lau’s career:
- Becomes the largest shareholder of Chinese Estates, a property developer, with a 43% stake (1986)
- Buys Pablo Picasso’s “Buste de Femme” for $67.4 million (2015)
Favorite Quotes From Joseph Lau and His Wife Chan
“Prior to the breakup, I maintained and took care of Ms. Lui and gave her lots of money, jewelry, and other gifts, the total value of which exceeded HK$2 billion.” – Joseph Lau
“The pandemic is the biggest challenge for me. People show little appetite for shopping, and our leasing business is under increasing pressure to cut rent. My team and I have been trying a lot of methods to attract consumers.” – Chan Hoi-wan
“He’s been a businessman for many years, so he’s always thinking about the market and business even when just staying at home. But unless I ask him for an opinion, he will not talk about company business with me.” – Chan Hoi-wan
3 Powerful Lessons From Joseph Lau
Now that you know all about Joseph Lau’s net worth and how he achieved success; let’s take a look at some of the lessons that we can learn from him:
1. Get Out There
If you want something out of life, you have to go out there and get it, because it is not just going to be given to you.¨
2. Live
Live life to the fullest, and focus on the positive.
3. Listen More
The leader’s job is to pay attention to what other people say, especially those who think their views don’t count.
Frequently Asked Questions
How much is Joseph Lau worth?
Joseph Lau’s net worth is estimated to be $7.2 Billion.
How old is Joseph Lau?
Joseph Lau was born on January 1, 1951, and is currently 72 years old.
How tall is Joseph Lau?
Joseph Lau’s height is Unknown.
Summary
Joseph Lau is a Hong Kong real estate investor who is best known for owning a 61% stake in Chinese Estates Holdings. Lau is one of the richest people in China.
Lau’s unique art collection comprises his red wine collection of 10,000 bottles. He also has famous paintings such as Paul Gauguin’s “Te Poipoi” which is worth $39.2 million.
As of October 2023, Joseph Lau’s net worth is estimated to be roughly $7.2 Billion.
What do you think about Joseph Lau’s net worth? Leave a comment below.
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