Hong Kong property tycoon Lee Shau-kee, who was as soon as the richest man in Asia, has died on the age of 97.
The announcement was made by his property agency Henderson Land Growth, of which he was chairman for greater than 40 years.
The corporate mentioned in an announcement that Lee had died “within the firm of his household” however didn’t specify a trigger.
He was one of many metropolis’s richest males. In February, Forbes put his web price at slightly below $30bn (£23bn).
Lee was born in China’s southern Guangdong Province and moved to Hong Kong as a younger man, the place he started his enterprise profession in gold and international forex change earlier than switching to actual property.
He established Solar Hung Kai Properties (SHKP) – one of many metropolis’s largest property builders – in 1958, alongside two different founders.
Lee – who was nicknamed “Uncle 4” as he was the fourth eldest of his siblings – then struck out on his personal in 1976 and based Henderson Land Growth, which his two sons took over following his retirement in 2019.
In 1996, he was named the richest man in Asia and the world’s fourth wealthiest individual.
He was additionally a philanthropist and made vital contributions to schooling centres and to programmes aimed toward job growth. In 2007, he was awarded Hong Kong’s highest honour – the Grand Bauhinia Medal – in recognition for his contributions to society.
“Dr Lee was an excellent enterprise chief and entrepreneur who had made vital contributions to Hong Kong’s financial growth, in addition to town’s prosperity and stability,” town’s Chief Government John Lee mentioned in an announcement.
