Lee Shau Kee's Heirs Splurge Over $380K on Grand Memorial for Hong Kong’s Second-Richest Billionaire

Lee Shau Kee, Hong Kong’s second wealthiest individual, had his two sons and daughter-in-law spend approximately HK$3 million (US$385,500) to arrange a commemorative service for the deceased tycoon, as reported by local news outlets.

Peter Lee Ka Kit and Martin Lee Ka Shing, who are the offspring of Lee, alongside Martin’s wife Cathy Chui displayed their respect for their ancestors by arranging traditional paper offerings for the late head of the family at a temple, according to an informant who spoke with a local news site. HK01 last Saturday.

The family reserved the whole temple hall, where various offerings were placed outside, and had 200 monks take shifts reciting scriptures for five consecutive days, as reported. Sohu .

The informant stated that the expense exceeded HK$3 million, which is well above the budget for typical individuals. Plain rice, tea, and vegetable dishes were set out in front of three sheets of paper, with each sheet inscribed with the names Peter, Martin, and Cathy respectively.

In addition to the paper memorial plaques in the main hall, a five-meter-long life-size boat featuring intricate decorations and complex details was also placed outside. Papers placed on the boat reportedly bore the signatures of Lee’s three daughters .

The family has not yet announced the date for Lee’s funeral, which is expected to take place following the memorial ceremony. The real estate tycoon passed away on March 17 at age 97.

According to Hong Kong media reports, when Lee opted to step down in 2019, he handed over his family enterprise, Henderson Land Development, to his two offspring.

His three daughters did not take over the business but occupy high-ranking roles within the firm and have no concerns regarding their financial stability, as reported by a Chinese news outlet. 163 .

Lee was born in 1928 in Guangdong, China, but relocated to Hong Kong early in life to embark on his professional journey. After starting out in gold and foreign exchange dealings, he swiftly shifted focus to property development, achieving remarkable success and establishing an illustrious legacy in this field.

He was often dubbed "Asia’s god of stocks" or "Hong Kong’s Warren Buffett." According to Forbes , Lee was estimated to have a fortune of around $30 billion USD prior to his passing.