Kwek Leng Beng is a businessman who was born in 1940 in Singapore and hails from a Hokkien Chinese background. He is best recognized as the chairman of the Hong Leong Group Singapore, a trading company established in the early 1960s. Kwek’s estimated net worth as of mid-2016 is around $3.4 billion, which he accumulated through his prosperous career as a successful businessman.
While there isn’t much information available about Kwek’s early life, it’s known that his father, Kwek Hong Png, founded the Hong Leong group. Kwek gradually ascended in the company, eventually attaining the position of chairman in 1990. Since then, he has led the company to become one of the most prominent trading companies in Asia.
The Hong Leong Group has diversified its interests, owning 14 companies across various sectors such as finance, trading, property, manufacturing, and infrastructure development. Notably, the group has also made significant contributions to building construction in Singapore.
Apart from his role at Hong Leong Group, Kwek has also ventured into other lucrative businesses. He serves as the chairman of Millennium & Copthorne Hotels, a company that owns 120 hotels in 19 countries, with an annual revenue of approximately $850 million. Additionally, he is the owner of City Developments Limited, a hotel conglomerate and real estate developer, which operates across more than 20 countries and boasts a considerable net worth.
Kwek’s achievements extend beyond his business endeavors. He is a member of the board of trustees of Singapore Management University and has been honored with an honorary doctorate from Oxford Brookes University. Kwek Leng Beng oversees the Singapore-based operations of the Hong Leong Group, while his cousin, Quek Leng Chan, manages the company’s operations in Malaysia.
In his personal life, Kwek is married to Cecilia Kok Phooi Lin, and the couple has two children who are also actively involved in business and investments.
Kwek Leng Beng’s net worth is estimated to be $3.4 billion as of mid-2016, reflecting his remarkable success in the business world.
