Lee Shau Kee Net Worth

$33 Billion

Last Updated:

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What is Lee Shau Kee’s net worth? 

Net Worth:$33 Billion
Age:94
Born:February 20, 1928
Gender:Male
Height:1.70 m (5 ft 7 in)
Country of Origin:China
Source of Wealth:Entrepreneur
Last Updated:August 2, 2022

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 February 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 February 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. 

Shawna
Shawna
Shawna Schofield is a writer from Chicago who loves tech and gaming. In the past she has collected everything from baseball cards to barbies and she considers herself to be a tasteful hoarder of potentially valuable items.

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