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Hong Kong Real Estate Tycoon Lee Shau Kee Passes Away at 97

Lee Shau Kee, founder of Henderson Land Development and one of Asia's wealthiest figures, leaves behind a legacy of transformative property development and philanthropy.

FILE - Henderson Land Development's founder and chairman Lee Shau Kee attends a news conference as he announces his retirement after the company's general meeting in Hong Kong, Tuesday, May 28, 2019. (AP Photo/Kin Cheung, file)
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The Henderson, a skyscraper designed by Zaha Hadid Architects located in Hong Kong's finance district, opened last year
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Overview

  • Lee Shau Kee, founder of Henderson Land Development, died peacefully on March 17, 2025, surrounded by family.
  • Known as one of Hong Kong's most influential real estate developers, Lee helped shape the city's skyline and addressed housing shortages during the 1960s and 70s.
  • At the time of his death, Lee was Hong Kong’s second-richest person with a net worth of $30 billion, according to Forbes.
  • Lee was a dedicated philanthropist, contributing significant funds to education and training programs in Hong Kong and mainland China through his foundations.
  • He retired as chairman of Henderson Land in 2019, passing leadership to his sons, Peter and Martin, who continue to oversee the company.