Lee Shau Kee, founder of Henderson Land Group, dies at 97

The Passing of a Legend: Lee Shau Kee (1928-2025)

Lee Shau Kee, one of Hong Kong’s most influential and wealthiest figures, passed away on Monday, March 17, 2025, at the remarkable age of 97. Known affectionately as "Uncle Four," Lee was the fourth eldest among his siblings and leaves behind a legacy that transcends the realms of business, philanthropy, and cultural influence. As the founder of Henderson Land Development, Lee built an empire that became a cornerstone of Hong Kong’s booming real estate market. His death marks the end of an era for a man who not only shaped the city’s skyline but also left an indelible mark on its economy and society.

From Humble Beginnings to Billionaire Status

Born into a middle-class family in the southern Chinese province of Guangdong, Lee’s early life was far from indicative of the extraordinary success he would achieve. His family operated gold and silver shops, providing a modest income that instilled in Lee the value of hard work and entrepreneurship. At the age of 20, Lee made the pivotal decision to move to Hong Kong, a city that would become the canvas for his remarkable journey. In 1976, he founded Henderson Land Development, which quickly grew into one of Hong Kong’s most prominent property developers. Lee’s business acumen and strategic vision not only propelled his company to the forefront of the industry but also earned him a reputation as one of the city’s shrewdest tycoons.

Lee’s success was not confined to real estate. His business empire diversified into energy, retail, and transportation, showcasing his ability to navigate and dominate multiple sectors. His wealth, estimated at over $30 billion by Forbes, was a testament to his entrepreneurial prowess. However, Lee’s achievements were not solely the result of his business skills. His ability to foster strong relationships with former Chinese leaders, including Deng Xiaoping and Jiang Zemin, underscored his political savvy and played a significant role in his success. As part of a delegation of Hong Kong tycoons, Lee often engaged with mainland Chinese leaders, leveraging these connections to further his business interests and solidify his influence.

A Man of the Spotlight: Lee Shau Kee’s Public Persona

Unlike many of today’s ultra-wealthy individuals who prefer to keep a low profile, Lee Shau Kee was a man who embraced the spotlight. He was outspoken, charismatic, and unafraid to share his opinions on a wide range of issues. Whether offering advice on marriage and career-building or discussing his investment strategies, Lee’s candor made him a beloved and respected figure in Hong Kong society. His nickname, "Hong Kong’s Warren Buffett," was a nod to his investment prowess, which earned him both admiration and scrutiny. Lee’s philosophy on life and business was rooted in pragmatism and wisdom, qualities that endeared him to the public and cemented his status as a business icon.

Lee’s approach to life was not without humor and humility. Despite his immense wealth and influence, he remained grounded and quick to laugh at himself. When his investments took a hit during the 2008 financial crisis, he jokingly referred to himself as a "fake god of stocks," acknowledging the unpredictability of the markets. This humility, combined with his willingness to engage with the public, made Lee a relatable and endearing figure, even as his wealth and power set him apart from the average Hongkonger.

A Legacy of Philanthropy

Lee Shau Kee’s impact extended far beyond the boardroom. A dedicated philanthropist, he donated billions of dollars to charitable causes in both Hong Kong and mainland China. In 2018, he fulfilled a promise to donate HK$1 billion (approximately US$128.70 million) to charities when the Hang Seng Index reached 30,000 points, a pledge that highlighted his commitment to giving back to the community. Lee’s philanthropy was not limited to financial contributions; he also invested in educational and social initiatives, leaving a lasting legacy that continues to benefit countless individuals and organizations.

Lee’s death leaves a void in Hong Kong’s business and social landscape, but his legacy endures through his family, his company, and the countless lives he touched. As a husband, father, and patriarch, Lee leaves behind five children—two sons, Peter and Martin, who now oversee the Henderson Land empire, and three daughters. His story serves as a testament to the power of hard work, strategic thinking, and a commitment to giving back. As Hong Kong mourns the loss of one of its most iconic figures, it also celebrates the enduring impact of a man who truly shaped the city’s destiny.