Kwek Leng Beng was born in 1940 in Singapore, of Hokkien Chinese descent, and is a businessman, best known to the world as the chairman of the Hong Leong Group Singapore, a trading company founded in the early 1960s and of which he became chairman in 1990.
Have you ever wondered how rich Kwek Leng Beng is, as of mid- 2016? According to authoritative sources, it has been estimated that Kwek Leng Beng`s net worth is at least as high as $3.4 billion, an amount earned through his career as a businessman, which varies according to daily stock exchange movements..
Kwek Leng Beng Net Worth $3.4 Billion
Little is known about Kwek`s early life, however, his father Kwek Hong Png founded the Hong Leong group. Little by little the company began to develop and prosper, which enabled Kwek to attended private schools abroad, one of which was a school for lawyers in London, however, he never practised as a lawyer, but joined family business.
Kwek began to climb up the ladder in the company, and in 1990 he reached the position of chairman, and since then has been the leader of the company, making it one of the biggest trading companies in Asia.
Hong Leon Group now owns 14 companies, in several industries, including finance, trading, property, manufacturing, infrastructure development and other industries. Companies that are a part of the Hong Leong Group include Hume Cemboard Industries, Hong Leong Bank, Guoco Group, Malaysian Newsprint Industries, and HLG Capital among others. The major interest in Singapore is building construction – 20% of the modern island is said to have been built by the Hong Leon group.
Apart from being the chairman of the Hong Leong Group, Kwek`s net worth has also benefited from his other ventures; he is a chairman of the Millennium & Copthorne Hotels, which owns 120 hotels in 19 countries around the globe. According to reports, annual revenue of the company amounts around $850 million. Furthermore, he is also the owner of the City Developments Limited, which is a hotel conglomerate and real estate developer, which operates in more than 20 countries in Asia, Europe, Australia and America. The company has around 250 subsidiaries which only helps Kwek`s business, and increases his net worth, as group assets are put at over $40 billion, and employees at over 40,000 world-wide.
To speak further of his accomplishments, Kwek is a member of the board of trustees of Singapore Management University, and has received an honorary doctorate from Oxford Brookes University. Kwek Leng Beng is the one responsible for Hong Leong Group`s operation based in Singapore, and his cousin Quek Leng Chan is responsible for operations in Malaysia.
When it comes to his personal life, Kwek is married to Cecilia Kok Phooi Lin, and the couple has two children who are themselves already heavily involved in business and investments.
