Net Worth: $3.4 bil
Fortune: Inherited
Source: diversified
Age: 69
Country Of Citizenship: Malaysia
Residence: Wee
Education: NA
Marital Status: Married, 3 children
Head of conglomerate Hong Leong Group Malaysia gets biggest part of fortune from stake in its investment holding company, Guoco Group. Has other interests in financial services, property development and hotels across Southeast Asia. Hong Leong Bank's offer to takeover Malaysian bank EON Capital, partially owned by billionaire Tiong Hiew King, rejected by board in February. Upped shares in Hong Kong's third largest bank, Bank of East Asia through Hong Kong listed Guoco Group late last year. Shares control of massive Hong Leong Group with Singaporean cousin, Kwek Leng Beng, and Kwek's family. Inherited fortune from his father, one of 3 brothers who started a small banking group in the 1920s.
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