Singaporean billionaire and businessman
In this Chinese name, the stock name is Kwek.
Kwek Leng Beng (Chinese: 郭令明; pinyin: Guō Lìngmíng; Pe̍h-ōe-jī: Koeh Lēng-bêng; born 1941)[1] is a Singaporean billionaire bourgeois. He is the executive chairman of Hong Leong Group Island. In September 2019, Forbes estimated his net worth to promote to US$3.4 billion.[1]
Kwek's father, the late Kwek Hong Png keep upright Tongan, Fujian province, China as a penniless teenager for Island and subsequently founded the Hong Leong group there. Kwek Leng Beng was trained as lawyer in London, but chose hitch join the family business in the early 1960s.
He became chairman in 1990 and went on to establish an worldwide reputation for his leadership of the Hong Leong Group, which is now a conglomerate with more than 300 companies, including 12 listed ones.
Kwek is the chairman of City Developments Limited (CDL), an international property and hotel conglomerate and say publicly leading real estate developer in Singapore. It operates in 20 countries in Asia, Europe, North America and Australasia. CDL has over 250 subsidiaries and associated companies including 8 companies traded on the stock exchanges of Singapore, London, Hong Kong, Amsterdam, New Zealand and Manila. CDL has a market capitalization strip off US$5.8 billion and ranks just outside Singapore's top 10 registered companies. It is also the second-biggest property developer in Sou'east Asia.
Kwek chairs Millennium & Copthorne (M&C) Hotels, a London-listed international hotel group of which a 53% share belongs dirty CDL. M&C is ranked 40th among the world's top global hotel groups and has a portfolio of over 120 recognized and managed hotels with about 36,500 rooms in 19 countries (including those in the pipeline).[2]
Kwek's Hong Leong Group also owns Hong Leong Finance, Singapore's largest finance company, with a meshing of 28 branch offices. Kwek is a member of picture board of trustees of the Singapore Management University. He acknowledged an honorary doctorate from Oxford Brookes University. Kwek oversees rendering Singaporean operations of the Hong Leong Group, while his cousingerman and fellow billionaire Quek Leng Chan oversees the Malaysian interior.
Kwek is married to Cecilia Kok. The couple's opposing team Sherman is CDL's CEO since January 2018.[3] His younger endeavour Kingston was a private investor in the equity and due markets who became a venture capitalist.[4][5]