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Grizzly Bulls’ Billionaires Index

⬅ # 65 François Pinault|# 67 Dan Gilbert ➡

# 66 Lee Shau Kee 

$27.7B

Real Time Net Worth
as of 5/13/2024
$150.7M (0.54%)

# 66 Lee Shau Kee 

$27.7B

Real Time Net Worth
as of 5/13/2024
$150.7M (0.54%)
OccupationFounder, Henderson Land Development
Source of WealthReal Estate
Age96
ResidenceHong Kong, Hong Kong
Marital StatusDivorced
Children5
Age-Adjusted Net Worth$2.42B
Lee Shau Kee
Lee Shau Kee
Hong Kong
Net worth: $27.7B

Self-Made Score 

Wealth History

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Biography

Career

Lee Shau-kee, born on March 7, 1928, in Shunde, Guangdong, China, is a Hong Kong business magnate, investor, and philanthropist.
He co-founded Sun Hung Kai, a prominent property developer, with Kwok Tak-Seng, the late father of Hong Kong's billionaire Kwok brothers.
In 1976, Lee founded Henderson Land Development, which has become a property giant and a major source of his wealth.
In 2019, at the age of 91, Lee stepped down as chairman and managing director of Henderson Land, appointing his sons, Peter and Martin, as co-chairmen.
Lee earned profits from his Mainland-controlled stocks since 2006, earning him the nickname 'Uncle Four.'

Philanthropy

Lee is a dedicated philanthropist, having donated over $400 million toward education.
He is a major sponsor of the HKICC Lee Shau Kee School of Creativity, contributing more than HK$20 million through the Lee Shau Kee Foundation.
Notable donations include HK$500 million to the University of Hong Kong and HK$400 million to the Hong Kong University of Science and Technology.
In 2015, he donated a site in Yuen Long for Hong Kong's largest youth hostel, leased at half the market rate for young people aged 18 to 30.

Other Activities and Positions

Lee served as the ex-Chairman and managing director of Henderson Land Development.
He held positions such as ex-Chairman of Hong Kong and China Gas, ex-Chairman of Miramar Hotel and Investment, and Vice-Chairman and independent non-executive director of Sun Hung Kai Properties.
He is a member of the board of directors of Hong Kong Ferry (Holdings) and the Bank of East Asia.
Lee was part of Peter Storrie's consortium to buy Portsmouth Football Club.

Family

Lee Shau-kee has five children, including elder son Peter Lee Ka-kit and younger son Martin Lee Ka-shing.
He has eight grandchildren.
Lee demonstrated generosity by giving cash gifts totaling HK$60 million to his Henderson Land staff to celebrate the birth of four of his grandchildren over a nine-year period.

How long would it take you to become as rich as Lee Shau Kee?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Lee Shau Kee's net worth of $27.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Lee Shau Kee is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Lee Shau Kee, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey