The renowned real estate mogul Lee Shau Kee, often referred to as Hong Kong’s second wealthiest individual, offered advice to younger generations, urging them to select their careers wisely, put in diligent effort, invest capital to generate more wealth, and delay marriage.
In his 2018 address at Fudan University upon receiving an honorary doctorate, Lee offered four key tips for accumulating wealth, as reported.
Sohu
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One of these principles was not to get married until building a stable career. Lee joined the real estate sector when he turned 30 and swiftly established a robust reputation, attaining success in his professional life.
He married his wife, the beauty queen Lau Wai Kuen.
A year later, once he believed that both his professional journey and personal relationships had stabilized, they got married. The ceremony took place at the luxurious Majestic Hotel located in Hong Kong’s Central District.
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Lee Shau-kee, Chairman of Henderson Land Development, participates in a meeting in Hong Kong, China on September 10, 2013. The photograph was taken by Imaginechina through AFP. |
During his address, the businessman stated that selecting the appropriate profession could simplify achieving success, echoing a well-known Chinese proverb: “A man’s biggest worry is setting up shop in an unsuitable field, whereas a woman’s primary concern is picking the incorrect spouse.”
A key piece of wisdom from Lee emphasizes that dedication and effort pave the way to achievement. His memoir released in 2010 featured this insight when he was an 82-year-old business magnate from Hong Kong who declared his plans never to retire. To him, the inability to be productive represented significant suffering. Throughout his life, he stayed committed to his professional endeavors.
until the age of 91 when he retired
to relish his latter years.
The fourth piece of advice from the billionaire is to leverage your funds to generate more income. As mentioned in his autobiography, Lee stated: “Commencing with modest savings is wise since the initial investment holds significant importance. This foundational step paves the way for greater achievements.”
Such prosperity should stem from hard work and thriftiness. The notion of ‘abundance bestowed by destiny’ isn’t about surrendering to chance, but rather about seizing opportunities appropriately without exerting undue pressure.
He added: “Once someone asked me, ‘Would you be willing to exchange half of your fortune for three decades of youthful vigor?’ Upon hearing this query, I burst out laughing and responded, ‘I’d readily swap 99% of my wealth for thirty more years of youth without giving it a second thought.'”
In the next three decades, I am confident that I might attain an even more remarkable level of success, potentially exceeding the 99% of wealth I currently possess.
Lee died on March 17.
At the age of 97. He was born in Guangdong, China, and developed his career and thrived in Hong Kong.
Commonly known as “the stock deity of Asia” or “Hong Kong’s equivalent of Warren Buffett,” he founded Henderson Land Development, which stands out as one of the biggest property conglomerates in the region.