Latest news with #HendersonLandDevelopment
New Straits Times
23-05-2025
- Business
- New Straits Times
#SHOWBIZ: Cathy Chui's late father-in-law leaves her RM1.1 bilion in assets
HONG KONG: Former actress turned socialite Cathy Chui received assets and gifts totalling HK$2 billion (RM1.1 billion) from her father-in-law, property tycoon Lee Shau Kee, before his passing on March 17. Chui, 43, was gifted an education fund of HK$50 million (RM27.2 million), land valued at HK$1.82 billion (RM1 billion), a luxury yacht worth HK$110 million (RM59.9 million), and a private bungalow. NDTV reported that this inheritance was bestowed due to Lee's confidence in Chui's crucial role within both the family and his extensive business empire. Chui gained prominence after her marriage in 2006 to Martin Lee Ka-Shing, son of the real estate magnate. Lee is the founder of Henderson Land Development, and Chui is his sole daughter-in-law. A mother of four, she is actively involved in managing the family's business interests. Her eldest daughter is currently undertaking industrial training at Henderson Land, while her second child, aged 15, is studying at the University of Cambridge. Chui is also recognised for her philanthropic endeavours, having been appointed as an honorary chairperson and ambassador for several charitable organisations. In 2018, she was honoured with the AMFAR Award Of Courage for her significant contributions to society.
NDTV
22-05-2025
- Entertainment
- NDTV
Luxury Mansion, Yacht And More: Hong Kong Billionaire's Rs 2,134 Crore Gift To Daughter-in-Law
Cathy Chui, a former actress and now a prominent Hong Kong socialite, received gifts worth over HK$2 billion (Rs 2,134 crore rupees) from her billionaire father-in-law, Lee Shau Kee, before his death on March 17. Married to Martin Lee, Chui was gifted a HK$50 million education fund, land valued at HK$1.82 billion, a HK$110 million luxury yacht, and a mansion, among other lavish presents, according to reports from The Standard and VnExpress. She earned the nickname "Hundred-billion daughter-in-law" in the tabloids due to the extravagant gifts she received over the years. In 2006, Chui tied the knot with Martin Lee in a union dubbed the "wedding of the century." Initially, tabloids reduced her role to that of a "baby machine" after she had four children in rapid succession. However, she has since evolved into a pivotal figure in the family, recognised for her discretion, resilience, and calculated presence in both business and high society. View this post on Instagram A post shared by Cathy Chui Lee 徐子淇 (@cathy_chui_official) View this post on Instagram A post shared by Cathy Chui Lee 徐子淇 (@cathy_chui_official) Who is Cathy Chui? Cathy Chui, also known as Cathy Tsui or Cathy Lee, is a former Hong Kong actress turned socialite, born in 1982 in Sydney, Australia. She gained prominence after marrying Martin Lee Ka-shing, son of the late billionaire property tycoon Lee Shau Kee, founder of Henderson Land Development. Their 2006 wedding, dubbed ''the wedding of the century'' by the media, was a lavish event costing millions. Chui is the only daughter-in-law in the Lee family, one of Hong Kong's wealthiest, and has four children with Martin, born between 2007 and 2015. Now 43, Chui is taking on more prominent roles in investments and family business, according to Malaysia's Sin Chew Daily. Recently, she leveraged several properties gifted by her late father-in-law to secure HK$5 billion for a UK retirement real estate project. Chui is focused on securing her children's futures within the family business, with her 15-year-old daughter studying at the University of Cambridge and her eldest daughter interning at Henderson Land, the family's flagship company. She has also appointed her father to the company's board of directors. Beyond business, Chui maintains her elite status through charity events and family business promotions. Despite a low-key social media presence, she holds honorary roles as chairperson and event ambassador, solidifying her position among the elite alongside prominent women like Olympic champion Guo Jingjing and Kimbee Chan. Tatler Asia has highlighted her as a prominent figure in philanthropy, and in 2018, she was honoured with the amfAR Award of Courage for her contributions to society.
Independent Singapore
22-05-2025
- Entertainment
- Independent Singapore
How Hong Kong tycoon Lee Shau Kee's ‘hundred-billion daughter-in-law,' Cathy Chui, is solidifying her position of power within the billionaire family
HONG KONG: Cathy Chui used to be an actress, but now she's famous in social circles and a prominent figure in one of Hong Kong's richest families. She's married to Martin Lee, and her father-in-law was the late Lee Shau Kee, who was a huge deal in the property business, as reported by VnExpress. She was with her husband at the funeral for his father, the 97-year-old Mr. Lee, on Apr 28. Most people think her husband is going to take over the family business. Chui is the only daughter-in-law in the Lee family. Their 2006 wedding was a massive event—the media even called it 'the wedding of the century,' because of its size. Tabloids called Chui a 'baby machine' because she had four kids close together. Dimsum Daily said that when women marry into super-rich families in Hong Kong, there's this unspoken understanding that having children is seen as a way to potentially secure billions of dollars in the future. According to the South China Morning Post, Chui secured her spot in the family by accepting some over-the-top presents. We're talking about a HK$50 million (S$8.65 million) education fund, land valued at a crazy HK$1.82 billion, a super fancy yacht costing HK$110 million, and a whole mansion to top it all off. With all those incredible presents, it's no surprise that the media began referring to her as the 'hundred-billion daughter-in-law'! When Lee passed away, his massive 72.5% ownership in Henderson Land Development, a property company worth a staggering HK$78.2 billion, was split between his two sons, Peter and Martin. In addition, he had a bunch of other valuable stuff, like big chunks of shares in this energy company, Towngas, and some related businesses. A Chinese news site, QQ, figured all that extra stuff was worth around HK$66 billion. - Advertisement - Bigger roles Chui is now 43 years old, and it sounds like she's taking on even bigger roles in investments and the family business, according to the Malaysia newspaper Sin Chew Daily. Insiders say Chui used some of those super fancy properties her late father-in-law gifted her to get a loan. And not just any loan—we're talking about a massive HK$5 billion! Apparently, she's planning to use all that cash for a real estate development in the UK, specifically for retired people. So, in addition to managing the family's money, Chui is also thinking ahead about her kids' futures in the business. Chui's eldest daughter is doing an internship at Henderson Land, the family's main company, while her 15-year-old daughter is studying at the University of Cambridge. Involving family It also sounds like Chui is making sure her family is involved, as she's arranged for her father to join the board of directors at Henderson Land. - Advertisement - Chui's not just concerned with the business side of things; she's also working hard to maintain her place among the elite in other ways. Jayne Stars reported that Chui may not post much on social media, but she helps out the family's businesses and charity events. She's also got these fancy titles like chairperson and event ambassador, which basically means she's a respected figurehead at important events, and she's definitely rubbing shoulders with the who's who of Hong Kong society—she's considered a key player in the elite circles, alongside other prominent women like Guo Jingjing (the amazing Olympic diver who married a businessman) and Kimbee Chan (the wife of Joseph Lau, who's like one of the five richest people in Hong Kong!). 163 says that Chui getting out there and doing her thing hasn't just made her more well-known. What's even more significant is that it's helped people link the 'Lee family' name directly with her own identity. It's like she's become a representative of the family in many ways. When people see her in these public roles, they also think of the Lee family as responsible and having strong leadership. It's like she's become a symbol for the whole family in many ways. Before marriage Apparently, before Martin married Chui, he was said to have been involved with a flight attendant, and they even had a child together. The story shows how his father stepped in to end that relationship. For almost 30 years, this flight attendant has been talked about as Martin's secret mistress. Some people even say Chui knows about this whole situation but has chosen not to speak publicly. Just last year, Chui was spotted with her 20-year-old daughter carrying this high-end designer purse. It was rumored to be even pricier than any of Chui's handbags! You'd think the matriarch would have the most extravagant accessories, but maybe the younger generation has even more expensive taste. There were reports that Martin and the former flight attendant had actually moved into a place near the Lee family's main property, but now, it seems the focus has shifted to someone else—a lingerie model named Chrissie Chau, who's being seen as a bigger 'threat' to Chui. 163 reported that Chrissie Chau was photographed going into a suite on the penthouse level of the Mandarin Oriental Hotel in Hong Kong for three nights straight, and get this— the Lee family, you know, Chui's in-laws, actually own that hotel! Sources on Weibo say that ever since Chrissie Chau got involved with Martin, she's made a big career switch from modeling to the business world. Apparently, she now holds shares in several companies overseas and has also been investing in real estate.
South China Morning Post
04-05-2025
- Business
- South China Morning Post
Lee Shau-kee's lasting impact revealed to new eyes at Hong Kong exhibition
Lars Junker, a German who has lived in Hong Kong for almost two decades, only learned more about who late tycoon Lee Shau-kee was on Sunday during an exhibition. Advertisement The product designer, in his 40s, was among more than 11,000 visitors who had registered for or attended the five-day commemorative show held by Henderson Land Development for its founder, who died in March. The exhibition took place at The Henderson, the group's new commercial building in Central. 'He seemed to be a nice dude,' Junker told the Post. 'I don't know much about him, so that is actually why I'm here.' Known affectionately as 'Uncle Four', Lee died in March at the age of 97 after chairing the conglomerate from 1976 to 2019. He was Hong Kong's second richest man and dubbed Asia's god of stock trading and a patriotic philanthropist. Pavel Pevzner, 69, said that he 'just learned' about Lee Shau-kee's past achievements and philanthropy through the exhibition. He expressed his love for Hong Kong and attraction to the city's historic figures. Advertisement 'I gave a talk at Hong Kong Baptist University, and then … enjoyed the architecture of Hong Kong. And this is the most beautiful building,' he said. 'I've been [to Hong Kong] many times, at least four times.'
South China Morning Post
27-04-2025
- Business
- South China Morning Post
Vigil for Hong Kong's Lee Shau-kee: political heavyweights, residents pay respects
Political heavyweights, real estate executives and residents have gathered to pay tribute to late Hong Kong tycoon Lee Shau-kee, as they recalled the philanthropist's generosity and accomplishments. Advertisement The vigil being held on Sunday afternoon was organised by Henderson Land Development, the conglomerate Lee founded in 1976. A funeral will take place on Monday. Among those seen attending the Sunday service were: eldest son Peter Lee Ka-kit; younger son Martin Lee Ka-shing and his wife, Cathy Tsui Chi-kei; late tycoon Stanley Ho's fourth wife, Angela Leong On-kei; nightlife tycoon Allan Zeman; Bank of East Asia executive chairman David Li Kwok-po; former chief executive Donald Tsang Yam-kuen; various Hong Kong ministers; and former chief secretary Henry Tang Ying-yen and his wife. 'Thank you for your hard work over the past two days,' both sons told the media at the vigil. Hongkonger Alex Ip, 69, said he attended the service as he was 'curious about the occasion' and knew of 'Henderson's contribution to Hong Kong with Towngas, which it controlled, and real estate, and so on'. Advertisement Funeral preparations have been overseen by a committee of 74 officials, including former chief executives Tung Chee-hwa and Leung Chun-ying, current city leader John Lee Ka-chiu, and Zheng Yanxiong, director of the central government's liaison office in Hong Kong.
