Hong Kong property developer Lee Shau Kee dies at 97

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Hong Kong property developer Lee Shau Kee, who led one of the biggest real estate empires in the former British territory, has died. He was 97.

The company he founded said Lee died on Mar 17 evening peacefully with his family by his side. It did not state the cause of death.

Lee founded Henderson Land Development Co. Ltd. in 1976, and was its chairman and managing director until 2019.

He was succeeded by his sons, Peter Lee and Martin Lee, the company’s chairpersons.

Forbes listed Lee as Hong Kong’s second-richest person with $29.2 billion in its latest ranking.