BUILDING ICONS
Forbes Indonesia|April 2020
PETER AND MARTIN LEE DISCUSS THEIR FIRST YEAR AS JOINT CHAIRMEN OF HENDERSON LAND, THEIR FATHER’S LEGACY AND THEIR FUTURE PLANS FOR THE DIVERSIFIED PROPERTY GIANT.
Robert Olsen
BUILDING ICONS

Hong Kong’s richest man Lee Shau Kee, 92, marked a milestone last May when he stepped down from running his flagship Henderson Land after 43 years, and handed the reins to his two sons, Peter and Martin, making them joint chairmen. So how does the pair plan to lead one of Asia’s largest and most successful real estate firms?

The elder Peter Lee Ka Kit, 56, and the younger Martin Lee Ka Shing, 48, answered this question—and many more—in an exclusive interview held in January, the first-ever by the two brothers together (the father remains an executive director on the Henderson Land board).

The pair were not given an easy start in their new roles—including protests and a recession in Hong Kong, the U.S.-China trade war (Henderson has massive mainland China investments) and dealing with the coronavirus outbreak. “There were a lot of things to do in the first year,” deadpans Martin.

Two International Finance Centre (middle), Hong Kong’s second tallest skyscraper, which is part of the larger IFC complex.

They work together, they say, with a solid relationship of mutual respect and trust, formed in childhood. “It’s like yin and yang,” says Peter. During the interview, they often mirror each other’s comments. “We each have our own expertise, and we respect each other’s views,” says Peter. “It’s like a partnership. For more than 15 years, we’ve been working this way. I’m lucky to have my brother with me.”

This story is from the April 2020 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the April 2020 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM FORBES INDONESIAView All
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ mins  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 mins  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 mins  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 mins  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 mins  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 mins  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 mins  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 mins  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 mins  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ mins  |
November 2021