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David Lee is a Chinese-American businessman and Ferrari collector with a $150 million net worth. Also known as “Ferrari Collector David Lee,” he is the CEO and Chairman of the H ing Wa Lee Group, which was formerly headed by his father. He also owns the shopping center that houses his enterprises.
David Lee is famed for his Ferrari collection, which is estimated to be worth $50 million and contains dozens of extremely costly Ferraris. David’s Instagram account, which has over 1.1 million followers, refers to him as a “Ferrari ambassador.” Lee has been in several episodes of CNBC’s “Jay Leno’s Garage.”
Who is David Lee?
David Lee was born as David SK Lee on October 21, 1969, in Hong Kong, China. David is the eldest son of Hing Wa Lee and Chui Ling Fung, and when he was nine years old, his family relocated to Whittier, California. In 1992, he graduated from the University of Southern California’s Marshall School of Business with a Bachelor of Arts in Entrepreneur Studies, and he went on to work for his family’s wholesale jewelry and imported gemstone carving company.
How old is David Lee?
He is currently 54 years old.
What is David Lee’s net worth?
He is estimated to be worth $150 Million.
What is David Lee career?
After being associated with Hing Wa Lee Jewelers, one of “North America’s most prominent luxury retailers,” Lee persuaded his father to begin catering to Southern California’s Chinese community. They built a luxury retail jewelry store in San Gabriel in 1993, and two years later, Hing Wa Lee Jewelers became “the first and only Rolex Authorized Jewelers in the Chinese community in the United States.”
Hing Wa Lee Jewelers opened a Rowland Heights site in 1997, followed by the construction of Hing Wa Lee Plaza in Walnut in 2003. Hing Wa Lee Plaza’s anchor store, Hing Wa Lee Jewelers, spanned 11,000 square feet and offered the country’s greatest assortment of jewelry, watches, and accessories. Hing Wa Lee died of cancer in 2011, and in 2013, David inaugurated a “15,000 square foot state-of-the-art consumer luxury experience flagship store” in San Gabriel.
On his official website, Lee writes, “When I first took over my family firm, I did everything. I managed the sales, purchasing, marketing, and accounting departments. I was the first to open and the last to close. I worked seven days a week for the first three years. This is the work ethic you should have. Making sacrifices is necessary to attain one’s ambitions.”
In the early 2000s, Governor Gray Davis appointed Lee as Commissioner of California’s Small Business Reform Task Force, which was established to “identify problems and ideas from the small business community concerning the regulation, communication, and assistance of state government with small business” as part of the Small Business Regulatory Reform Act of 2000.
David’s fantastical Ferrari collection earned him some internet fame. His collection includes over 30 Ferraris, several of which are individually worth $1-3 million. The total worth of his collection is estimated to be around $50 million. He owns every model that Ferarri called a “super car” from 1985 to the present. He has two Ferrari F50s and two F40s. An unprecedented achievement in the Ferrari collector world.
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