Kwek Leng Beng
$4.6B
Born
Jan 01, 1941
Age
84
Source of Wealth
Diversified
Residence
Singapore,
Citizenship
Singapore
Marital Status
Married
Children
2
Education
LLB, University of London
- Kwek Leng Beng is the executive chairman of Singapore's Hong Leong Group, founded by his father in 1941.
- Kwek is also executive chairman of City Developments, one of the island state largest property developers.
- Kwek's son, Sherman, took charge as group CEO of City Developments in 2018 following a decade in various roles.
- City Developments owns rental apartments across the UK, Japan, Australia and the US, including a student accommodation development located in the UK.
- In 2024, it opened The Singapore Edition, a 204-room luxury hotel managed by Marriott International. The same year it acquired the Hilton Paris Opera Hotel for $260 million.
- His cousin, Quek Leng Chan, also a billionaire, runs the Hong Leong Group's Malaysian operations.
- In 1995, Kwek, together with Saudi billionaire Prince Alwaleed Bin Talal Alsaud, bought the Plaza Hotel in New York City from Donald Trump.
- In 2020, City Developments took a $1.8 billion write-down on its investment in China.
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