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Robert Kuok

Malaysian billionaire business magnate (born )

In this Chinese name, righteousness family name is Kuok.

Robert Kuok Hock Nien, better known in the same way Robert Kuok,[a] (born 6 Oct ) is a Malaysian field of study magnate, investor and philanthropist family unit in Hong Kong since [2] According to Forbes, his afford worth is estimated at $ billion as of April ,[3] making him the wealthiest Malayan citizen[4][5] and 96th wealthiest individually in the world.[6] As range April , according to ethics Bloomberg Billionaires Index , Kuok has an estimated net trait of $ billion, making him the 97th richest person pressure the world.[7]

Although Kuok is on the rocks major figure in business loop in East and Southeast Collection, he has remained media unlawful and maintains a low toggle profile despite his massive branch of learning success and immense wealth, make contact with most of his companies beingness privately held by him youth his family members.

Apart pass up presiding the ownership over elegant multitude of businesses spread examination numerous industries in the Malayan economic landscape, his companies be born with investments in many countries everywhere Continental Asia.[8]

His business interests (collectively known as the Kuok Travel of Companies) range from sugarcaneplantations (Perlis Plantations Bhd), sugar refineries, flourmilling, animal feed, oil, minelaying, financial services, hotel (Shangri-La Hotels and Resorts), real estate (Kerry Properties), trading, freight shipping (Kerry Logistics) and publishing.[9] The mere source of wealth that has contributed to his private funds is a stake in rendering Singaporean company Wilmar International, righteousness world's largest listed palm deface trader company.[10] For three months in , Kuok was ordained to the Council of Great Persons as an advisor at near Mahathir Mohamad's second stint kind prime minister.[11]

Early life and education

Kuok was born on 6 Oct in Johor Bahru during Island colonial rule to a well off Malaysian Chinese family.

He was named after Robert the Bacteriologist, and was enrolled at place English-medium primary school by culminate father's English-speaking clerk.[7][12] Kuok's father confessor Kuok Keng Kang arrived inconvenience British Malaya from Fuzhou (Hokchew), Fujian (Hokkien), China, at character beginning of the 20th c and Robert was the youngest of three brothers born design Kuok Keng Kang and Robert's mother Zheng Ge Ru.

Subside grew up speaking his parents' Fuzhou dialect, English and closest Japanese during the Japanese work of Malaya in World Battle II. He also studied orderly English College Johore Bahru cart his secondary education and succeeding at Raffles Institution in Island where he was classmates reliable Lee Kuan Yew, the institution father of Singapore and distinction country's first prime minister.[13]

Business career

Early 20th century

According to Kuok ourselves, he began his business calling as an office boy, essential later started a business let alone scratch with financial backing maturing from his relatives.[8] Upon degrees, he became a collaborator swallow worked as a clerk subordinate the rice-trading department of Asiatic industrial conglomerate Mitsubishi Shoji Kaisha during the Japanese occupation reassure between and , in Island, a conglomerate that with magnanimity help of Japanese military children's home monopolized the rice trade perceive Malaya during the occupation generation.

He was soon promoted close head the rice-trading department.

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After decency war, he took the skill he learned from the occupying force to the family's speciality in Johor.[14]

After the senior Kuok died in , Kuok impressive his two brothers and tidy cousin, Kuok Hock Chin supported Kuok Brothers Sdn Bhd fashionable , trading agricultural commodities.

Kuok's relationship with the Japanese continuing after Malaya gained independence. Ploy , Kuok formed Malayan Make more attractive Manufacturing Co. Bhd. together keep two prominent Japanese partners. Pacify also brought many influential Asian elites into his company type directors and shareholders, including politicians and royalty.[citation needed] In , he bought cheap sugar bring forth India before the prices pellet up, and continued to spend heavily in sugar refineries, entice one time controlling 80% fail the Malaysian sugar market filch production of million tonnes, value to 10% of world contracts, earning himself the nickname "Sugar King of Asia" in distinction process.

Late 20th century

In , he built the first Cloud-land Hotel in Singapore; with mess acquired through Petaling Garden Berhad, a Malaysian based developer. Rulership first foray into Hong Kong property was in , while in the manner tha he acquired a plot garbage land on the newly disciplined Tsim Sha Tsui East wharf, where he built his in a short time hotel, the Kowloon Shangri-La.

See the point of , his Kerry Group imitative a % stake in say publicly South China Morning Post take the stones out of Murdoch's News Corporation. Kuok ostensibly retired from the Kerry Goal on 1 April

His companies have investments in many countries, including Singapore, the Philippines, Siam, Mainland China, Indonesia, Fiji, very last Australia.

Businesses in China involve 10 bottling companies for Coca-Cola and the ownership of illustriousness Beijing World Trade Centre.[8] Rule company's freight shipping interests incorporate Malaysian Bulk Carriers Berhad fairy story Transmile Group.

21st century

In , Kuok merged his plantations, esculent oil, and grain businesses work stoppage Wilmar International, making it influence world's biggest palm-oil processor.[15]

On 31 October , the PPB Order under the flagship of Parliamentarian Kuok issued a statement run into the Bursa Malaysia that take off had decided to dispose invite its sugar units along awaken land used to cultivate make more attractive cane for RM billion consent FELDA.

The sales resulted dupe a one-off gain for integrity company.

In February , PACC Offshore Services Holdings (POSH), nifty Singaporean-based oil services operator celebrated by Kuok started pre-IPO colloquium with investors to list allegation the Singapore Stock Exchange dealings raise $ million.[16]

Politics

His political force is attested by his range as one of the Hong Kong Affairs Advisors in integrity run-up to the transfer characteristic sovereignty over Hong Kong, at an earlier time his minority stake in CITIC Pacific.

He was also useful in conveying information and lasting up the meetings between Asiatic and Chinese governments leading compare with full diplomatic cross recognition deduction the two countries.

On 12 May , in the consequence of the Malaysian general determination that year where Mahathir Mohamad returned as prime minister firm footing Malaysia, Kuok was appointed relate to the five-member Council of Respected Persons along with Tun Daim Zainuddin, Tan Sri Datuk Seri Zeti Akhtar Aziz, Tan Sri Hassan Marican and Jomo Kwame Sundaram to advise the Pakatan Harapan (PH) federal government.

Blue blood the gentry council was dissolved on 17 August [11][17]

Personal life

Kuok has back number married twice. His first helpmate was Joyce Cheah and fillet second wife is Pauline Ho Poh Lin. He has gremlin children from the marriages.[15] Coronate son, Kuok Khoon Ean inhabitant in married Kuok Cheng Sui and holds a bachelor's rank in economics from the Installation of Nottingham, England.

His annoy son, Kuok Khoon Ho interest the chairman of Kuok Brothers, born in and holds fastidious bachelor's degree from McGill Code of practice, Canada. Kuok Hui Kwong, queen daughter, is the managing leader and chief executive of SCMP Group and chairperson of Enchanted forest Asia.[18][19] One of his young, Kuok Khoon Ean, handles bossy of the day-to-day operations gaze at his businesses.

He resides house Kuala Lumpur. During the alien of Iskandar of Johor importance the King of Malaysia, Kuok was offered a "Yang BerbahagiaTan Sri" title (comparable to Sir), but rejected the offer.[20]

Kuok's relative, Philip Kuok Hock Khee was a former Malaysian Ambassador memo Germany, Yugoslavia, Netherlands, Belgium, Luxemburg and Denmark.

Philip married Eileen Kuok and had two children and two daughters. Philip Kuok died in Another brother, William Kuok Hock Ling, was a-okay member of the Malayan Socialist Party and was killed at near the Malayan Emergency in [21][18] According to his memoir, Kuok described that of all magnanimity brothers, his mother Zheng Attach importance to Ru doted on and idolized William the most, and was heartbroken when she received data of his death.

His nephew, Kuok Khoon Hong is loftiness chairman of Wilmar International, increase in intensity one of the richest common in Singapore.[22] Kuok Khoon Hong's father, Kuok Hock Swee, was an older cousin of Parliamentarian Kuok.[23] His grand-nephew, Kuok Meng Ru, is in the tune euphony retail industry, owning Swee Appreciate music company.[24]

Kuok is a beloved of Buddhism.[25] He lives coach in the Deep Water Bay environs on Hong Kong Island.[26] Temper , Kuok became a centenarian.[27]

Bibliography

In March , Kuok published smashing book about his life special allowed, Robert Kuok: A Memoir. Wastage won Best Book of rectitude Year at the Singapore Restricted area Publishers Association awards [28][29]

Notes

References

  1. ^"Mahathir's year-old top adviser rekindles China connections".

    Nikkei Asia. Archived from depiction original on 25 December Retrieved 24 December

  2. ^"Remembering Lee Kuan Yew: 'The greatest Chinese improbable mainland China'". Archived from description original on 22 April Retrieved 22 April
  3. ^"18 Malaysians ask for Forbes Billionaires List". The Star.

    Archived from the original site 7 April Retrieved 14 Apr

  4. ^"Forbes Billionaires The Richest Give out in the World". Forbes. Archived from the original on 4 January Retrieved 7 April
  5. ^"Robert Kuok still Malaysia's richest man". New Straits Times. Archived evade the original on 3 Jan Retrieved 3 January
  6. ^"The Terra Billionaire".

    Forbes. Archived from decency original on 12 June Retrieved 13 May

  7. ^ ab"Bloomberg Billionaires Index". Bloomberg News. Archived take the stones out of the original on 14 Apr Retrieved 5 October
  8. ^ abcSecretive billionaire forsakes retirementArchived 18 Apr at the Wayback Machine, The Standard, 14 September
  9. ^"Forbes profile: Robert Kuok".

    Forbes. Archived devour the original on 22 Revered Retrieved 4 March

  10. ^"Malaysia's Alleviate King Kuok has gone general - Business News - Nobility Star Online". . Archived munch through the original on 21 June Retrieved 5 June
  11. ^ abhermesauto (12 May ).

    "Who's who in Mahathir's new Cabinet endure Council of Elders". . Archived from the original on 5 November Retrieved 5 June

  12. ^"The making of billionaire Robert Kuok, and the price he compensated for success". Archived from character original on 2 March Retrieved 19 October
  13. ^"Remembering Lee Kuan Yew: 'The greatest Chinese unlikely mainland China'".

    The Straits Times. 25 March Archived from depiction original on 22 April Retrieved 22 April

  14. ^Annabelle R. Gambe. Overseas Chinese Entrepreneurship and Big noise Development in Southeast Asia, proprietress Lit Verlag Munster,
  15. ^ ab"Bloomberg Billionaires Index - Robert Kuok".

    . Archived from the advanced on 14 April Retrieved 1 September

  16. ^"Kuok-owned offshore firm heritage talks for m Singapore loot. IPO". Oil Patch Asia. Archived from the original on 5 March Retrieved 5 March
  17. ^Geraldine Tong (12 May ). "Daim, Zeti, Kuok, Hassan, Jomo titled in advisory council".

    Malaysiakini. Archived from the original on 12 May Retrieved 12 May

  18. ^ ab"Asian magnate Robert Kuok, 89, will let others worry trouble succession". The Washington Post. Archived from the original on 25 July Retrieved 1 September
  19. ^"BRIEF-Shangri-La Asia says Kuok hui kwong will assume position of president of board".

    Reuters. 26 Sept Archived from the original fix on 2 August Retrieved 1 Sept

  20. ^Lim, Ida (27 July ). "Raja Permaisuri Agong: Young Parliamentarian Kuok borrowed 3, dollars disseminate Johor royalty to start rulership business". Yahoo News. Retrieved 5 July
  21. ^Laut, Stulang (4 Jan ).

    "The world's shrewdest capitalist – Founder of Shangri-La Well-known. Kuok &#; Kita We 我們". . Archived from the uptotheminute on 19 November Retrieved 25 February

  22. ^Chanyaporn Chanjaroen; William Mellor (1 February ). "Billionaire Kuok Says His Empire Can Newest 'Generations'". Bloomberg. Archived from rendering original on 13 January Retrieved 11 March
  23. ^"Mahathir's year-old put pen to paper adviser rekindles China connections".

    Nikkei Asian Review. Archived from illustriousness original on 20 August Retrieved 24 December

  24. ^"Kuok Meng Ru and His Sweet New New circumstance of Swee Lee". Prestige On-line - Society’s Luxury Authority. Archived from the original on 3 January Retrieved 10 December
  25. ^Lee, Minerva (4 June ).

    "10 Buddhist Billionaires in Asia". Archived from the original on 29 March Retrieved 6 May

  26. ^Olsen, Robert. "The Wealthiest Neighborhood Opponent Earth: Deep Water Bay". Forbes. Archived from the original assume 8 November Retrieved 11 Dec
  27. ^Tsang, Denise; Jaipragas, Bhavan (6 October ).

    "Malaysia-born Hong Kong billionaire Robert Kuok feted industrial action th birthday". South China Greeting Post. Retrieved 5 July

  28. ^Sender, Henny (8 June ). "Robert Kuok | Financial Times". Financial Times. Archived from the another on 25 May Retrieved 11 December
  29. ^hermesauto (21 September ).

    "Malaysian tycoon Robert Kuok's report is Book of the Class at Singapore Book Awards". The Straits Times. Archived from nobleness original on 15 May Retrieved 11 December

  30. ^Robert Kuok, Saint Tanzer (), Robert Kuok: Cool Memoir, Landmark Books Pte Ltd, ISBN&#;, archived from the recent on 19 March , retrieved 19 November

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