Lee is a co-chairman of Henderson Land Development, the publicly traded real estate conglomerate. The Hong Kong-based company develops and manages commercial and residential projects, and had revenue of HK$25.3 billion ($3.2 billion) in 2024. His younger brother Martin is also a co-chairman of the company.
The majority of the Lee family fortune is derived from their stake in Henderson Land Development, a publicly traded real estate conglomerate.
A Lee family trust holds a 72.5% stake in Henderson Land Development, according to the company's 2025 semi-annual report. Control of the trust is shared equally by Peter and brother Martin, according to a March 21, 2025 filing. It's uncertain as to whether other family members are also beneficiaries.
In this analysis, the fortune is divided equally between Peter Lee & family and Martin Lee & family. This division seeks to reflect the half-ownership by each of Peter and Martin of the holding companies that act as trustees of the family trust, as well as their co-chairmanship of Henderson Land Development.
Cash holdings are valued based on an analysis of inherited cash, insider transactions, dividends, taxes and market performance.
A company spokesperson declined to comment on the net worth calculation.
Lee was born to Lee Shau Kee, the founder of Henderson Land Development, in 1963. He studied computer science in the UK before returning to Hong Kong and started an entertainment business with his friends.
He became an executive director of Henderson Land Development in 1985 to oversee China businesses and served as the vice chairman of the company from 1993 to 2019. After his father's retirement in May 2019, he and his younger brother Martin were appointed as co-chairmen of the company.
Lee Shau Kee wrote in a memoir distributed to guests in Henderson Land's 2019 shareholder meeting that he "firmly believes that under their leadership, they will be able to lead the group to continue to reach new heights."
The brothers were also appointed as co-chairmen in companies within Henderson Land Group, including Hong Kong and China Gas Company, the largest energy supplier in Hong Kong.
Lee Shau Kee died on March 17, 2025 at age 97.