Rank #2424
Lau Cho Kun
Net worth $1.7B
Palm oil, property · Malaysia
- Born
- Jan 10, 1936
- Age
- 90
- Source
- Palm oil, property
- Residence
- Tawau, Sabah
- Citizenship
- Malaysia
- Marital status
- Married
- Children
- 1
- Education
Net worth over time
Biography
- Lau Cho Kun is the largest shareholder in Hap Seng Consolidated, through holding company Gek Poh and investment arm Lei Shing Hong.
- The diversified firm's interests include financial services, plantations and property.
- Its plantation division is one of the largest producers of palm oil in Sabah, East Malaysia.
- Hap Seng Consolidated has been operating Mercedes-Benz dealerships in Malaysia since 1969.
- Privately held Hong Kong-based Lei Shing Hong runs Mercedes-Benz dealerships in Asia and Europe.
- Yaw Chee Ming, CEO of Samling Strategic, a fellow rich lister, is his son-in-law.
- Lau is the nephew of Lau Gek Poh, the late founder of Gek Poh Holdings.
Financial assets
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