|Singapore, Singapore, Singapore
|82 YEARS OLD
|Chairman, Hong Leong Group
|Sherman Kwek Kingston Kwek
|Kwek Hong Png
|Kwek Leng Joo (brother) Quek Leng Chan (cousin)
Kwek Leng Beng, widely recognized as a prominent figure in the real estate industry of Singapore, is projected to have a net worth of approximately $3.3 billion by 2024. With an impressive track record in property development and investments, Kwek Leng Beng has successfully established himself as a leading entrepreneur in the real estate sector. Through his visionary leadership, he has propelled his business ventures to great heights, garnering substantial wealth and recognition in the process. As an influential figure in Singapore's real estate landscape, Kwek Leng Beng continues to engage in pioneering projects that contribute to the growth and development of the industry.
Kwek chairs Millennium & Copthorne (M&C) Hotels, 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.
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 married to Cecilia Kok. The couple's son Sherman is CDL's CEO since January 2018. His younger son Kingston was a private investor in the equity and debt markets who became a venture capitalist.