How rich is Michael Patrick Lee?
Michael Patrick Lee Net Worth:
Patrick Lee Net Worth $1.28 Billion
He’s the 19th man in the list of Hong Kong’s 50 Richest Individuals and is ranked 503rd in the list of World Billionaires. Lee Wan Keung has earned his estimated net worth of $1.28 billion as the creator the paper manufacturer. He was responsible for the senior staff management, corporate strategy and planning, building construction, and public relations. The firm, that has been founded in 1994, is involved with the production of liner board, container board and wood pulp. Mr. Lee runs the business with his sons, Lee Man Chun (Raymund) who functions as the chief executive officer, and Lee Man Bun who is the managing director. He’s more than 45 years of expertise in production and international trade. Mr. Lee was the former standing member of the Political Consultative Committee of Guangdong Province. Mr. Lee was also the former chairman of Hong Kong Hainan Commercial Association. In the past year, Patrick Lee’s share in Lee & Man Paper Manufacturing has gained 50% despite weaker cost amid soft demand in paper. Sales in the six months through September fell by 1.9%. The net profit gained by just 4.3%. Mr. Lee and his family hold a 60% position in the organization that makes close to 4 million tons of container board annually. The product is used for shipping and packaging carton. Mr. Lee was awarded honorary citizenship of Dongguan.