Kwek Leng Beng
Encyclopedia
Kwek Leng Beng is a Singapore
businessman. He is the Executive Chairman of Hong Leong Group
Singapore. In 2009 his Forbes estimated net worth was US$1.2 billion.
Kwek's father, the late Kwek Hong Png left Fujian province as a penniless teenager for Singapore and subsequently founded the Hong Leong group there. Kwek Leng Beng was trained as lawyer in London, but chose to join the family business in the early 1960s. He became chairman in 1990 and went on to establish an international 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 the leading real estate developer in Singapore. It operates in 20 countries in Asia, Europe, North America and Australasia. The CDL Group has over 250 subsidiaries and associated companies including 8 companies listed on the stock exchanges of Singapore, London, Hong Kong, Amsterdam, New Zealand and Manila. CDL has a market capitalization of US$5.8 billion and ranks just outside Singapore's top 10 listed companies. It is also the second-biggest property developer in Southeast Asia.
Kwek Leng Beng also chairs Millennium & Copthorne (M&C) Hotels, which is a London-listed international hotel group of which a 53% share belongs to CDL. M&C is ranked 40th among the world's top international hotel groups and has a portfolio of over 120 owned and managed hotels with about 36,500 rooms in 19 countries (including those in the pipeline). In an interview, Kwek mentioned that the Millennium Resort Patong is the first resort operated by the group in Phuket.
Kwek's Hong Leong Group also owns Hong Leong Finance, which is Singapore's largest finance company, with a network of 28 branch offices.
Kwek Leng Beng is a member of the Board of Trustees of the Singapore Management University
. He also holds an honorary doctorate (DUniv) from Oxford Brookes University
.
Kwek oversees the Singaporean operations of the Hong Leong Group while his cousin and fellow billionaire Quek Leng Chan
oversees the Malaysian.
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
businessman. He is the Executive Chairman of Hong Leong Group
Hong Leong Group
Hong Leong Group is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Tan Sri Quek Leng Chan, the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development...
Singapore. In 2009 his Forbes estimated net worth was US$1.2 billion.
Kwek's father, the late Kwek Hong Png left Fujian province as a penniless teenager for Singapore and subsequently founded the Hong Leong group there. Kwek Leng Beng was trained as lawyer in London, but chose to join the family business in the early 1960s. He became chairman in 1990 and went on to establish an international 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 the leading real estate developer in Singapore. It operates in 20 countries in Asia, Europe, North America and Australasia. The CDL Group has over 250 subsidiaries and associated companies including 8 companies listed on the stock exchanges of Singapore, London, Hong Kong, Amsterdam, New Zealand and Manila. CDL has a market capitalization of US$5.8 billion and ranks just outside Singapore's top 10 listed companies. It is also the second-biggest property developer in Southeast Asia.
Kwek Leng Beng also chairs Millennium & Copthorne (M&C) Hotels, which is a London-listed international hotel group of which a 53% share belongs to CDL. M&C is ranked 40th among the world's top international hotel groups and has a portfolio of over 120 owned and managed hotels with about 36,500 rooms in 19 countries (including those in the pipeline). In an interview, Kwek mentioned that the Millennium Resort Patong is the first resort operated by the group in Phuket.
Kwek's Hong Leong Group also owns Hong Leong Finance, which is Singapore's largest finance company, with a network of 28 branch offices.
Kwek Leng Beng is a member of the Board of Trustees of the Singapore Management University
Singapore Management University
The Singapore Management University was officially incorporated on January 12, 2000, and was Singapore's first private university funded by the government...
. He also holds an honorary doctorate (DUniv) from Oxford Brookes University
Oxford Brookes University
Oxford Brookes University is a new university in Oxford, England. It was named to honour the school's founding principal, John Brookes. It has been ranked as the best new university by the Sunday Times University Guide 10 years in a row...
.
Kwek oversees the Singaporean operations of the Hong Leong Group while his cousin and fellow billionaire Quek Leng Chan
Quek Leng Chan
YBhg Tan Sri Quek Leng Chan is a Malaysian tycoon who co-founded Hong Leong Group Malaysia. He is one of the richest men in Malaysia with an estimated net worth of US$2.9 billion according to Forbes in 2007....
oversees the Malaysian.