1 week Ago By The Straits Times
The Economist Some failures can be chalked up to a lack of experience, says the writer. “Mistakes are the portals of discovery,” wrote James Joyce in Ulysses. In 1888, Lee Kum Sheung, a young cook in a coastal province in southern China, forgot the oyster soup he was boiling on the stove until it simmered down to a thick, sticky gravy.
Once he discovered how tasty it was, he decided to sell his “oyster sauce” in jars. That lucky mistake would make him and his heirs rich. According to Forbes, the Lee siblings – his great-grandchildren – are worth US$17.
7 billion (S$23.7 billion), making them the fourth-richest family in Hong Kong. Already a subscriber? Log in Get exclusive reports and insights with more than 500 subscriber-only articles every month $9.
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