While many professionals acknowledge that a financially lucrative career can be found in the real estate industry, Lee Shau Kee has taken that notion to a chart-topping high. According to a new study published by Insider Monkey, the 96-year-old Hong Kong executive is the real estate industry’s richest billionaire.
Lee is the co-founder of the Hong Kong real estate and property development company Sun Hung Kai Properties Limited (OTC:SUHJY). His current net worth is $28.3 billion, and he is no stranger to occupying top rankings in lists of business billionaires – last month, he ranked second in CEOWorld’s list of Hong Kong’s richest people and 63rd in Forbes’ list of the world’s richest people.
Rounding out the top five list of the richest billionaires in real estate was Kushal Pal Singh, owner of India’s real estate company DLF (NSE:DLF), with a $20.3 billion net worth; Donald Bren, whose $18 billion net worth is fueled by his California-based Irvine Company; Harry Triguboff, owner of the Australian apartment tower development company Meriton, with a $16.2 billion net worth; and Hong Kong’s Peter Woo, chairman of the property developer Wheelock & Co., with a net worth of $14.1 billion.
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