He is sitting on a business empire worth hundreds of billions of dollars, earning his first pot of gold from foreign exchange. His son is still unmarried at the age of 56. Lee Shau Kee can be called the four kings of Hong Kong's rich circle. Among them, there is another "king of heaven" who has a deep connection with foreign exchange, and this person is Lee Shau Kee. Li Zhaoji, who is known as the "Fourth Uncle", is known as "China's Buffett". On May 28, 2019, the 91-year-old Li Zhaoji held a retirement press conference, which ended in a hurry within 10 minutes. After Lee Shau Kee retires, the eldest son Li Jiajie will be in charge of the mainland real estate business, while the second son Li Jiacheng will be in charge of the Hong Kong real estate business. Although Li Jiajie is 56 years old, he is still unmarried, and his three sons are all surrogates. The second son Li Jiacheng married Hong Kong actress Xu Ziqi in 2006. At that time, the wedding cost reached 700 million yuan. With Lee Shau Kee's curtain call, a generation of entrepreneurial legends has come to an end, and the representative projects Hong Kong International Financial Center and Beijing World Financial Center will continue to witness the time. 01 Small business is afraid of food but not interest "Small business is afraid of food but not interest, big business is afraid of interest but not food." This is the motto that Lee Shau Kee has believed in all his life. It means that a small business depends on hard work, but a big business depends on calculation. The larger the business, the greater the natural cost and profit. At this time, any point more or less is very important. Lee Shau Kee's "iron abacus" is very good, and he has to start from his childhood. In 1928, Lee Shau Kee was born in Daliang, Shunde, Guangdong. He was the fourth eldest at home, so he was called "fourth uncle". His father, Li Jiefu, owned two stores at that time, Tianbaorong Gold Store and Yongsheng Bank, and was engaged in gold, exchange, and foreign currency trading businesses. "Strike gold to steal gold, hit silver to steal silver" was the unspoken rule of the industry at that time. Once, Li Zhaoji, who was arranged to learn business in his own shop, discovered that the craftsman had deducted a small piece when he was striking gold, and then filled it with silver. He told his father about it, only to find that his father already knew about it, because it was hard to find skilled masters at that time, as long as they didn't do too much, the shopkeeper would choose to turn a blind eye. This also made Lee Shau Kee realize that being a boss requires mastering one's own skills, and relying on others is not as good as relying on oneself. 02 Making the first pot of gold by speculating in foreign exchange In Hong Kong in 1950, the population migration growth reached 186%, and Lee Shau Kee has been in Hong Kong for almost two years. Two years ago, the Yinzhuang run by the family was about to fail. Lee Shau Kee's father felt that the development of Shunde was limited, so he let Li Shau Kee leave Shunde and go to Hong Kong alone. Yinzhuang's experience made him most familiar with the exchange business, so he went to several gold shops such as Sili Gold on Bonham East Street to "placing orders" and began to buy and sell foreign exchange and gold (information, market prices). Many wealthy mainlanders went to Hong Kong. At that time, for the convenience of carrying, they usually exchanged their belongings into gold bars first, and then converted them into currency in Hong Kong. Foreign exchange exchange business and gold trading business are very prosperous. Li Zhaoji cooperated with He Xian and others to make a fortune in this gold war, and finally got the first pot of gold. In 1975, Lee Shau Kee created his own kingdom - Henderson Land Development Co., Ltd. At the beginning of its establishment, it was still an unlisted private company with a share capital of 1.5 billion Hong Kong dollars. Li Zhaoji served as the chairman of the board of directors and general manager. After that, is the story of wealth. In 2019, Lee Shau Kee ranked second on the "Forbes" Hong Kong Rich List with US$30 billion, second only to Li Ka-shing, and ahead of the Zheng family of New World and the Guo family of Sun Hung Kai. 03 Lee Shau Kee's Basic Law of Success Lee Shau Kee often shares his experience in getting rich. The following are some of the remarks he has made: 1. Listen more, ask more, and think more. He said, "I often meet people in the financial industry around the world to understand how they invest and listen to their opinions. If people are smart and have vision, they will know the other after asking. When you collect opinions from a dozen or twenty people, then Make judgments with your own eyes and make independent decisions, maybe you will know how to invest better than them.” 2. It is a wise saying to be a little rich and frugal, because the first capital is the most important, and it is easy to succeed with it as the cornerstone. The most taboo thing about being a human being is earning daily expenses, living beyond one’s income, having capital, settling down, and not needing to hesitate when unemployed. 3. For investment, the most important thing is to accurately calculate the return. If the return is low, do not do it. If the return is high, it is worth studying and investing. 4. There are ups and downs in the market, so there must be offense and defense. The principle of offense and defense should be "if there is a way, then it will appear, if there is no way, then it will be hidden", that is to say, if there is a market to do it, then wait for the opportunity, be patient, don't rush forward, don't just see small profits, If you can't bear it, you will make big plans, and haste makes waste. The most important thing is to have a long-term vision, look at things from a macro perspective, and only pay attention to small profits, and big things will fail. In 1975, Lee Shau Kee created his own kingdom - Henderson Land Development Co., Ltd. At the beginning of its establishment, it was still an unlisted private company with a share capital of 1.5 billion Hong Kong dollars. Li Zhaoji served as the chairman of the board of directors and general manager. After that, is the story of wealth. In 2019, Lee Shau Kee ranked second on the "Forbes" Hong Kong Rich List with US$30 billion, second only to Li Ka-shing, and ahead of the Zheng family of New World and the Guo family of Sun Hung Kai. 03 Lee Shau Kee's Basic Law of Success Lee Shau Kee often shares his experience in getting rich. The following are some of the remarks he has made: 1. Listen more, ask more, and think more. He said, "I often meet people in the financial industry around the world to understand how they invest and listen to their opinions. If people are smart and have vision, they will know the other after asking. When you collect opinions from a dozen or twenty people, then Make judgments with your own eyes and make independent decisions, maybe you will know how to invest better than them.” 2. It is a wise saying to be a little rich and frugal, because the first capital is the most important, and it is easy to succeed with it as the cornerstone. The most taboo thing about being a human being is earning daily expenses, living beyond one’s income, having capital, settling down, and not needing to hesitate when unemployed. 3. For investment, the most important thing is to accurately calculate the return. If the return is low, do not do it. If the return is high, it is worth studying and investing. 4. There are ups and downs in the market, so there must be offense and defense. The principle of offense and defense should be "if there is a way, then it will appear, if there is no way, then it will be hidden", that is to say, if there is a market to do it, then wait for the opportunity, be patient, don't rush forward, don't just see small profits, If you can't bear it, you will make big plans, and haste makes waste. The most important thing is to have a long-term vision, look at things from a macro perspective, and only pay attention to small profits, and big things will fail. In 1975, Lee Shau Kee created his own kingdom - Henderson Land Development Co., Ltd. At the beginning of its establishment, it was still an unlisted private company with a share capital of 1.5 billion Hong Kong dollars. Li Zhaoji served as the chairman of the board of directors and general manager. After that, is the story of wealth. In 2019, Lee Shau Kee ranked second on the "Forbes" Hong Kong Rich List with US$30 billion, second only to Li Ka-shing, and ahead of the Zheng family of New World and the Guo family of Sun Hung Kai. 03 Lee Shau Kee's Basic Law of Success Lee Shau Kee often shares his experience in getting rich. The following are some of the remarks he has made: 1. Listen more, ask more, and think more. He said, "I often meet people in the financial industry around the world to understand how they invest and listen to their opinions. If people are smart and have vision, they will know the other after asking. When you collect opinions from a dozen or twenty people, then Make judgments with your own eyes and make independent decisions, maybe you will know how to invest better than them.” 2. It is a wise saying to be a little rich and frugal, because the first capital is the most important, and it is easy to succeed with it as the cornerstone. The most taboo thing about being a human being is earning daily expenses, living beyond one’s income, having capital, settling down, and not needing to hesitate when unemployed. 3. For investment, the most important thing is to accurately calculate the return. If the return is low, do not do it. If the return is high, it is worth studying and investing. 4. There are ups and downs in the market, so there must be offense and defense. The principle of offense and defense should be "if there is a way, then it will appear, if there is no way, then it will be hidden", that is to say, if there is a market to do it, then wait for the opportunity, be patient, don't rush forward, don't just see small profits, If you can't bear it, you will make big plans, and haste makes waste. The most important thing is to have a long-term vision, look at things from a macro perspective, and only pay attention to small profits, and big things will fail. 4. There are ups and downs in the market, so there must be offense and defense. The principle of offense and defense should be "if there is a way, then it will appear, if there is no way, then it will be hidden", that is to say, if there is a market to do it, then wait for the opportunity, be patient, don't rush forward, don't just see small profits, If you can't bear it, you will make big plans, and haste makes waste. The most important thing is to have a long-term vision, look at things from a macro perspective, and only pay attention to small profits, and big things will fail. 4. There are ups and downs in the market, so there must be offense and defense. The principle of offense and defense should be "if there is a way, then it will appear, if there is no way, then it will be hidden", that is to say, if there is a market to do it, then wait for the opportunity, be patient, don't rush forward, don't just see small profits, If you can't bear it, you will make big plans, and haste makes waste. The most important thing is to have a long-term vision, look at things from a macro perspective, and only pay attention to small profits, and big things will fail.
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