Choo Chong Ngen
Singapore, Singapore
Singapore
hotels, Self Made
$2,800,000,000
877
#877 Billionaires 2019
#10 Singapore's 50 Richest 2018
Hotel tycoon Choo Chong Ngen made his fortune in textiles before launching his Hotel 81 budget chain in Geylang, Singapore's red-light district.He is now fast expanding in the midtier market, where he's introduced five new hotel brands since 2009.His privately-held hotel empire, which daughter Carolyn has been helping him run since 2002, has more than 6,500 rooms across the island.Since 2017, he has expanded into Thailand, Malaysia and Australia with seven hotels managed by Travelodge and Holiday Inn.In 2018, he rebranded his group as Worldwide Hotels.
He dropped out of school to become a fishmonger to help make ends meet at home.In 1995, he opened his first Hotel 81 using the unit number of his home at the time.
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