Lee Shau-kee, Hong Kong Property Tycoon, Dies at 97

Lee Shau Kee, the founder of Henderson Land Development Company and a prominent figure in Hong Kong's real estate sector, passed away peacefully at the age of 97 on March 17, 2025. Known as 'Uncle Four,' Lee was instrumental in shaping Hong Kong's property market, establishing one of the city’s largest development firms and amassing a fortune that ranked him as the second-richest man in Hong Kong. His sons, Peter and Martin, have been co-chairmen since his retirement in 2019. Chief Executive John Lee expressed condolences, recognizing Lee's significant contributions to the economic stability and educational advancement of Hong Kong. Lee was celebrated not only for his business acumen but also for his philanthropic efforts, particularly in education, through foundations he established. His legacy includes a lasting impact on the city's development and a reputation likened to 'Asia’s Warren Buffett.'