Lee founded Henderson Land Development Co. in 1973 and built it into one of Hong Kong’s largest developers on the back of the city’s decades-long real estate boom. His fortune of US$23 billion ($30.64 billion) ranked third in Hong Kong, according to the Bloomberg Billionaires Index.
Lee Shau-Kee, the Hong Kong billionaire known as “Asia’s Warren Buffett” and whose business empire included real estate, utilities and public infrastructure, has died. He was 97.
Lee passed away peacefully on March 17, surrounded by family, according to a statement.
