Rank #3010
Michael Kum
Net worth $1.2B
Hotels · Singapore
- Born
- Jan 01, 1945
- Age
- 81
- Source
- Hotels
- Residence
- Singapore
- Citizenship
- Singapore
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Hotel tycoon Michael Kum runs a hospitality empire spanning 21 hotels across Asia and Europe through his privately held M&L Hospitality.
- His eldest daughter Jocelyn helps him run the hotel group, which includes brands such as Hilton and Hyatt.
- The son of street hawkers, Kum got into hotels in 2009 after selling his offshore barges business to Macquarie Group.
- In June 2025, he acquired Hotel Maria, a 116-room luxury hotel in Helsinki, Finland. It will be rebranded as Waldorf Astoria Helsinki and managed by Hilton.
- He cofounded Offshore Equipment in 1976, chartering vessels and barges to the oil and gas industry.
- He also has a stake in Australian vessel operator, MMA Offshore.