Hong Kong’s second-richest guy Lee Shau- kee has actually passed away aged 97, the residential property magnate’s company Henderson Land Development introduced Monday.
Lee passed away quietly on Monday night among his household, Henderson claimed in a news release.
Known as “Uncle Four” as he had 3 older brother or sisters, Lee was just one of one of the most significant gamers in Hong Kong’s post-war property boom and was additionally an intelligent stock exchange capitalist.
He was noted as the 2nd most affluent guy in Hong Kong with a total assets of $29.2 billion, according to a Forbes listing released in February.
Like various other Hong Kong moguls, Lee retired late in life, just tipping down as chairman of Henderson in May 2019.
His boys Peter and Martin Lee took control of as joint chairmen and handling supervisors.
Born in China’s Guangdong district, Lee assisted in his household’s silver and gold organization as a kid prior to relocating to Hong Kong in 1948.
In 1969, he co-founded Sun Hung Kai, which turned into one of the leading residential property designers in the after that British nest.
Lee developed his very own property company Henderson in 1976, and his organization passions expanded to include resorts, utilities, and the driver of Star Ferry– among Hong Kong’s most recognisable symbols.
The Henderson, a high-rise building developed by Zaha Hadid Architects situated in Hong Kong’s financing area, opened up in 2015.
Hong Kong leader John Lee on Monday admired the magnate as an “outstanding business leader and entrepreneur who had made significant contributions to Hong Kong’s economic development, as well as the city’s prosperity and stability”.
Details of his funeral service will certainly be introduced later on, according to the firm.
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