Date of birth: October 29th, 1928

Native place: Hong Kong

Native place: daliang town, Shunde, Guangdong.

company headquarters: hongkong, China.

main industries: real estate, energy.

listed companies: hengdi, hengfa and China gas (hong kong).

in p>2117, Forbes ranked the world's billionaires, ranking 22nd with $17 billion.

in p>2118, Forbes ranked the world's billionaires, ranking 29th with $19 billion.

Forbes ranked the world's billionaires in p>2119, ranking 43rd with $9 billion.

Forbes ranked the world's billionaires in p>2111, ranking 22

Lee Shau Kee was born in Shunde, Guangdong Province on January 29th, 1928. At that time, his father opened a small shop in Shunde, where Lee Shau Kee spent his childhood. From childhood, Lee Shau Kee took a special interest in doing business. In 1931s, Lee Shau Kee's father came to Guangzhou from Shunde and opened a silver shop. Lee Shau Kee, who just graduated from primary school, also came to Guangzhou with his father, and started his career as a handyman in his father's silver house. In the 1931s and 1941s, there were frequent wars and social unrest in the mainland of China. Lee Shau Kee is exposed to a lot of money every day in the silver house. He saw with his own eyes that some people had several bundles of banknotes a few days ago, and a few days later they were broke with the sharp depreciation of banknotes. Young Lee Shau Kee learned a truth from it: money is only floating wealth, and owning property is the real constant production. This truth Lee Shau Kee thought that he could benefit from it all his life, and it was with it that Lee Shau Kee got this career today.

first time

in 1948, Lee Shau Kee came to Hong Kong alone with 1,111 yuan to escape the war. When he first arrived in Hong Kong, Lee Shau Kee took advantage of his familiarity with currency exchange business, put up bills in several silver shops, and engaged in buying and selling foreign exchange and gold. At that time, at the time of the War of Liberation, many mainland rich men ran to Hong Kong, and the foreign exchange business and gold trading business were very prosperous. Lee Shau Kee cooperated with He Xian and others and made a fortune in this golden war, which laid the first cornerstone for the development of his later career. In the early 1951s, Lee Shau Kee switched to hardware business and import and export trade, and the business was very smooth. However, despite the continuous earning of money, Lee Shau Kee's heart is still not practical, and his experience in Guangzhou will never be forgotten. He is determined to choose another business line. From his past experience, he chose a reliable business this time-engaging in real estate.

Real Estate Wizards

In 1958, Lee Shau Kee, Feng Jingxi, Guo Desheng and other eight people formed Yongye Company and started to set foot in the real estate business. After the establishment of the company, they introduced the method of "layered sale and ten-year installment payment", which was aimed at the middle and lower class citizens and changed the past real estate management mode, making the business very hot and all the buildings built were sold out. In 1963, Lee Shau Kee, Feng and Guo dumped the other five shareholders and formed Sun Hung Kai Enterprise Co., Ltd., with Lee Shau Kee as the vice chairman of the board and general manager of the company. Together, the three became famous in the real estate industry and won the name of "Three Musketeers". Sun Hung Kai Company seized the opportunity of Hong Kong's economic take-off and rapid population growth, and vigorously built large housing estates and small and medium-sized residential buildings, which developed very smoothly. In 1972, Sun Hung Kai Properties was officially listed, and the "Three Musketeers" who had worked together for more than ten years also broke up at this time. After the breakup, Lee Shau Kee got about HK$ 51 million worth of sites and properties, and he used these properties to cooperate with Hu Baoxing at the end of 1972 to form Yongtai Jianye Co., Ltd.. Hu Baoxing is the chairman of the board of directors and Lee Shau Kee is the vice chairman. At the beginning of 1973, just when the Hong Kong stock market was bullish, Lee Shau Kee took the opportunity to list Yongtai Company, and the stock of one yuan per share suddenly rose to one yuan and seventy cents, and Lee Shau Kee made a fortune. It is also due to luck. Just after Lee Shau Kee made a fortune, the Hong Kong stock market collapsed with the world economic recession, and the real estate industry also fell into a trough. Lee Shau Kee was holding a huge amount of cash at this time. He seized the opportunity and bought land and old buildings at a low price.

in 1975, the Hong Kong stock market began to recover. Lee Shau Kee also set up his own company at this time-Henderson Zhaoye Co., Ltd.. The share capital is HK$ 51 million, and there are 21 sites. After the establishment of the company, Lee Shau Kee intends to list Henderson Land. He chose the most convenient method-buying a shell to go public. That is, buy a small listed company, then transform it and go public with a new look. Lee Shau Kee's eyes aimed at Yongtai Jianye Company, which he co-founded. He exchanged his property for 19 million new shares of Yongtai and became the largest shareholder, replacing Hu Baoxing as the chairman of Yongtai's board of directors. After Lee Shau Kee took over Yongtai, he injected the general public-oriented business methods into Yongtai, which made Yongtai develop well and its share price rose, from less than one yuan to three to four yuan in early 1976. Under the management of Lee Shau Kee, Yongtai's business is booming and its profit is growing rapidly. By 1979, due to the more than doubling of profits, Lee Shau Kee decided to send new shares. As a result, Yongtai had more than 111 million shares, with a market value of more than 911 million yuan and more than 21 properties. According to the laws of Hong Kong, private individuals cannot own more than 75% of the shares of a listed company. Lee Shau Kee already owns 71% of the shares in Yongtai, so he has no intention of expanding Yongtai. His purpose is to directly list Henderson Land as Yongtai Corporation as soon as possible. When Henderson Land was founded, it only had a share capital of 151 million yuan and 21 properties. But a few years later, its territory surged to more than 111. In Hong Kong, where land is scarce, it is by no means easy to continuously acquire enough land for building houses. Lee Shau Kee has increased its land reserve for itself with its unique vision and way. His method is to buy old buildings and then demolish them for sale. Most of these old buildings are in urban areas, so their development potential is amazing. Lee Shau Kee has been advertising in Chinese newspapers in Europe and America for many years, buying old buildings in Hong Kong. This move, not only facilitates those overseas Chinese, but also enables Lee Shau Kee to achieve optimal benefits without competitors. After buying an old building, he will try his best to buy the whole building one after another, and then gradually buy the surrounding buildings and expand silently. In the late stage of the acquisition, even if the price is higher, he will not hesitate to buy it. Because even so, it is more cost-effective than official land bidding. Lee Shau Kee manages its real estate industry in an industrialized way. He regards land as raw materials and buildings as finished products. The continuous purchase of land and the continuous production of finished products have made Henderson Land gain the reputation of "Louzi Manufacturing Factory" among the population of Hong Kong.

In June, 1981, in another wave of frenzy in the Hong Kong stock market, Lee Shau Kee successfully listed Henderson Land, raising one billion Hong Kong dollars in one fell swoop, enriching its own strength. Successfully passed the low tide when Hong Kong's status was uncertain in the early and mid-1981s. After the low tide in the mid-1981s, Lee Shau Kee and his Henderson land enterprise went up a storey still higher. In 1988, Henderson Land Company acquired Yongtai Jianye in an all-round way and renamed it "Henderson Land Development Co., Ltd.". At the same time, Henderson Development announced the issuance of 1.2 billion new shares. Because the company owns 28.7% of the shares of Hong Kong Ferry Company and 26.4% of the shares of China Gas Company, it is even more powerful. Lee Shau Kee, who owns two powerful companies, Henderson Land and Henderson Development, also jumped into the list of the top ten richest people in Hong Kong. When judging Lee Shau Kee, Li Ka-shing, Guo Desheng and Zheng Yutong, the authoritative personages in the real estate industry in Hong Kong once had such comments: Changjiang Industry is brilliant; Sun Hung Kai Properties is steady and promising; The courage to develop the new world is compelling; Henderson has a far-sighted vision and takes the lead.

At this point, Lee Shau Kee's carefully designed acquisition and annexation war finally achieved a happy ending. By completely annexing Hu Baoxing, which was stronger than him, Lee Shau Kee achieved the goal of using others to develop itself. Lee Shau Kee's backdoor listing, acquisition and annexation tactics are still a successful example in the stock market acquisition war and a famous example often cited by Hong Kong economics professors in their classes.

in February, 1993, he, Zheng Yutong and Stanley Ho acquired Canadian Westcoast Peboleam Company for HK$ 1.49 billion. In August, 1994, the Canadian property Baifuxuan (with a total floor area of 6311 square meters) was sold, with a market value of 61 million US dollars. Henderson Land invested heavily in mainland real estate in 1992. By June of 1993, there were 21 sites in mainland China for the development of the group, with a total floor area of over 1.858 million square meters, which were distributed in Beijing, Shanghai, Guangzhou and Shenzhen, and the purchase cost was less than 11% of the total assets of the group. In the second half of 1993, Henderson Land purchased two more plots in Guangzhou and Dongcheng, Beijing respectively. Lee Shau Kee originally planned to separate and list these mainland investments, but it failed, partly because Henderson China lacked three-year performance and failed to meet the listing rules. Therefore, Henderson Land issued convertible bonds (bonds can be converted into shares of Henderson China to be listed in the future) to raise $461 million. Henderson, Sun Hung Kai Properties and New World Development jointly invested 6.5 billion yuan to invest in Wuhan river beach filling project, renovation of turbine factory and heavy machinery factory, and reconstruction of Zhongshan Road and Wuhan Hotel. Signed a letter of intent with Wharf to invest in commercial housing in Jing 'an District, Shanghai; With Sun Hung Kai Properties, New World Development and other group funds, we invested at least US$ 1 billion in Wuhan state-owned enterprises.

After the reform and opening-up in the Mainland, Lee Shau Kee joined forces with Hu Yingxiang, Feng Jingxi and Zheng Yutong to invest in Guangzhou China Hotel. Since then, it has invested heavily in the mainland, with an investment of tens of billions of yuan. In January, 1996, the Henderson Center in Beijing was capped. The total investment of the project reached 3.3 billion yuan, and the construction area reached more than 281,111 square meters. It is located on Chang 'an Avenue and has become another beautiful scene in Beijing. In 1993, Lee Shau Kee was hired by the Hong Kong and Macao Affairs Office of the State Council and the Hong Kong Branch of Xinhua News Agency as a Hong Kong affairs consultant. At the end of 1995, he was hired as a member of the Preparatory Committee of the Hong Kong Special Administrative Region. Lee Shau Kee has three sons and two women. Li Jiajie, the eldest son, graduated from the University of London, and is now a director of Henderson, participating in the development and management of the company.

after years of development, Lee Shau Kee has now become a prominent figure in the real estate industry. He is now the chairman of Henderson Land in Hong Kong and China Gas Company in Hong Kong. He holds 59.87% of Henderson Land, 2.5% of Bank of East Asia, 12% of Sun Hung Kai Company and 11% of Sin Chew Xinda Urban Development. In addition, Lee Shau Kee holds 71.8% shares in Henderson Development, 29.7% shares in China Gas, 32.6% shares in Yaumatei Ferry and 25% shares in Guangzhou Luoxi New Town through Henderson Land. In 1996, the total market value of Henderson Land reached US$ 12.331 billion, the total assets were HK$ 67.945 billion and the turnover was HK$ 11.171 billion, ranking among the top listed companies in Hong Kong.