David Lee Net Worth

David Lee net worth is estimated at $200 million, earned through a powerful mix of luxury retail, real estate, private investments, and one of the world’s most valuable Ferrari collections. The Chinese-American entrepreneur is best known as the Chairman and CEO of the Hing Wa Lee Group, a family business he transformed into a global luxury powerhouse, and as the legendary “Ferrari Collector David Lee,” the only person believed to own Ferrari’s five flagship supercars in both red and yellow.

• David Lee Net Worth: $200 Million
• Date of Birth: October 21, 1969
• Place of Birth: Hong Kong

Who Is David Lee?

David SK Lee is a Chinese-American entrepreneur, luxury retailer, real estate investor, and global car collector. He leads the Hing Wa Lee Group, a company originally founded by his father as a wholesale gemstone business and now one of North America’s most respected luxury retail empires.

His flagship stores — Hing Wa Lee Jewelers in San Gabriel, Walnut, and Los Angeles — are among the most prominent authorized Rolex and Cartier dealers in the United States, serving celebrities, collectors, and high-net-worth clients.

David Lee Net Worth Breakdown

Total Estimated Net Worth: $200 million

Early Life

David Lee was born on October 21, 1969, in Hong Kong. In 1978, his family moved to Whittier, California, where his father, Hing Wa Lee, ran a gemstone and jade wholesale business.

Lee attended the University of Southern California (USC) and graduated in 1992 with a degree in Entrepreneur Studies from the Marshall School of Business. While in school, he worked part-time and helped grow the family business, learning discipline, customer service, and leadership.

Building the Hing Wa Lee Empire

After college, David Lee joined the family company and shifted it from wholesale into high-end retail.

Key Milestones

• 1993: Opened Hing Wa Lee Jewelers in San Gabriel
• 1995: Became the first Rolex-authorized dealer serving the Chinese community in the U.S.
• 2003: Launched Hing Wa Lee Plaza in Walnut, a luxury shopping center
• 2013: Opened a 15,000-sq-ft flagship luxury store
• 2024: Launched Larchmont Jewelers in Los Angeles

Today, the Hing Wa Lee Group includes:

• Hing Wa Lee Jewelers
• Brilliant Realty
• Collectible Exotic Motors
• Ootoro Sushi
• Monza Design
• Phoenix Magazine
• HWL Entrepreneur Investment Co.

David Lee Ferrari Collection

David Lee’s Ferrari collection is worth about $100 million and includes more than 30 rare Ferraris.

Why He Is Unique

He is believed to be the only person in the world to own Ferrari’s “Big Five” in both red and yellow:

• 288 GTO
• F40
• F50
• Enzo
• LaFerrari

Notable Cars and Values

• Enzo – $3.4 million
• Two F50s – $3.5 million each
• Two F40s – $2 million each
• 288 GTO – $3.3 million
• F2002 Schumacher F1 Car – $3 million
• 250 Lusso Competizione – $5 million
• 275 GTB 4 Cam – $4 million
• Daytona Spyder – $3.8 million

Investments and Business Expansion

Beyond watches and cars, Lee invests in:

• Real estate developments
• Tech and media startups
• Automotive design brands
• Restaurants and private equity

He also holds stakes in major companies through Troy Capital Partners, including SpaceX.

Personal Life

David Lee lives in Southern California with his wife, Katherine Lee, who runs Brilliant Realty.

Giving Back

• Donated $1 million to build a transitional housing center for homeless families
• Serves on the USC Marshall School of Business Board of Leaders
• Appointed by Governor Gavin Newsom as a Commissioner of California Volunteers

He also mentors young entrepreneurs and supports education programs across California.

Real Estate Holdings

• San Marino home bought for $800,000 → sold for $2.445 million
• Newport Beach waterfront home purchased for $5.15 million

Author: Andrew Walyaula

Andrew Walyaula is a seasoned multimedia journalist. Email: waliaulaandrew0@gmail.com