Sheet South China Morning Post Just reported that billionaire Ly Trieu Co, a rich real estate businessman in Hong Kong, died. Real Estate Group Henderson Land announced that Mr. Ly died in peace beside his family.
Billionaire Ly Trieu Co press the press conference on May 28, 2019 after the announcement of resignation
Mr. Ly Trieu Co founded Henderson Land in 1976 and was the chairman of the Group until 2019, when he handed over the inheritance to his two sons Peter (Ly Gia Kiet) and Martin (Ly Gia Thanh).
At the time of death, Mr. Ly was the second richest person in Hong Kong with a net worth of $ 30 billion, according to Forbes.
Mr. Ly was born in Guangdong province (China). He belonged to the generation of entrepreneurs from the development of real estate in the 1960s and 1970s, when Hong Kong faced a shortage of cheap housing.
In 1996, Mr. Ly became the richest man in Asia with a net worth of $ 12.7 billion. That year, he also became the fourth richest in the world, only behind the billionaires Bill Gates, Warren Buffett and Paul Sacher.
In addition to running Henderson Land, Mr. Ly also spends time for charity. One of the most proud projects he led the Pei Hua Hong Kong Education Fund, which he co -founded in 1982. Over the years, this charity has provided educational and training programs that according to their words, has helped nearly 1.3 million people in mainland China.
Mr. Ly also donated more than $ 1 billion in Hong Kong (US $ 128 million) and 600 million yuan (83 million USD) for universities in Hong Kong and mainland China, according to the mainland, according to Forbes.
