Lee Shau-kee, chairman of the leading property group Henderson Land Development, announced the windfall of HK$10,000 ($1,285) for employees to celebrate the baby boy who was born last week, said spokeswoman Bonnie Ngan.
The couple already has two daughters.
It’s not the first time that Mr. Lee has announced such a bonus for staff. In October he handed out HK$10,000 bonus to employees when his eldest son Peter, a bachelor, gave him triplet grandsons through a surrogate mother.
Male successors are important to Hong Kong’s tycoons, some of whom have seen high-profile disputes break out among family members over their vast wealth.