Rank #2274
Kwee Liong Tek
Net worth $1.8B
Real estate · Singapore
- Born
- Jan 01, 1947
- Age
- 79
- Source
- Real estate
- Residence
- Singapore
- Citizenship
- Singapore
- Marital status
- Married
- Children
- 4
- Education
- Bachelor of Business Administration, Haas School of Business (University of California, Berkeley)
Net worth over time
Biography
- Kwee Liong Tek and his three brothers control privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across Singapore.
- Pontiac Land was founded by his Indonesian father Henry Kwee, a textile trader and real estate developer, who migrated to Singapore in 1958.
- In New York, the brothers own a majority stake in a luxury tower designed by French architect Jean Nouvel, located beside the Museum of Modern Art.
- In 2017, the brothers acquired the Cappella Hotel group from legendary luxury hotelier, Horst Schulze, for an undisclosed sum.
- Kwee Liong Tek, who's chairman of Pontiac Land, has been investing in an array of startups lately, such as Dtcpay, a digital payments provider and blockchain tech firm Chainup.
- Pontiac Land has invested $400 million in a resort complex in the Maldives.
- The Kwees are avid art collectors, decorating their various properties with works by artists like Roy Lichtenstein and Frank Stella.