Here's your Forbes Daily Briefing bonus story of the week.

Today on Forbes, Hong Kong real estate billionaire Lee Xiaou Ki, once Asia's richest person,

dies at 97.

Lee Shao Key, the self-made billionaire who built one of Hong Kong's largest property empires,

died on Monday, March 17th. He was 97 years old.

Lee's company Henderson Land Development announced he passed away peacefully, surrounded by his family.

Lee founded Henderson Land in 1976 and was the chairman until 2019, when he handed the reins to his sons Peter and Martin,

making them co-chairman.

At the time of his death, Lee was the second wealthiest person in Hong Kong, with a net worth

of $30 billion, according to Forbes's real-time billionaires list.

Lee was among the first generation of entrepreneurs in Hong Kong, who started making a

fortune from property development between the 60s and 70s when the city was facing a shortage

of affordable housing. During the period, Lee co-founded Sun Hung Kai properties with Feng

King He and Kwak Tak Sang, the father of Hong Kong's billionaire Kwok brothers.

Lee later went out on his own to establish Henderson Land. Both Sun Hung Kai and Henderson Land

became major players in Hong Kong's real estate market. Lee's own property venture was known

for building mass residential homes and amassing land banks.

Henderson Land led the development of Hong Kong's northern reclaimed town of Sha Tin in the 1970s,

which grew into the city's most populated district with roughly 700,000 residents.

The company today is the largest owner of undeveloped rural land in Hong Kong's northern New

Territories region, with a reserve spanning about 45 million square feet. Henderson Land also helped

shape Hong Kong skyline, developing the iconic International Finance Center, or IFC, in the

...