Kuok Khoon Hong
Singapore, Singapore
Singapore
palm oil
$2,700,000,000
962
#962 Billionaires 2019
#9 Singapore's 50 Richest 2015
Kuok Khoon Hong cofounded Wilmar in 1991 and built it into one of the world's largest palm oil producers.Impacted by weaker commodity prices, Wilmar reported a 6% decline in net profit to $1.1 billion on revenue of $44.5 billion in 2018.Kuok's other investments include stakes in billionaire Zhong Sheng Jian's Yanlord Land as well as Perennial Real Estate Holdings.Kuok co-owns the Aviva Tower in London with Indonesian billionaire and Wilmar cofounder Martua Sitorus.
BandLab Technologies, a digital music startup founded by Kuok's son Kuok Meng Ru, owns a 49% stake in Rolling Stone magazine.He is the nephew of Malaysian billionaire Robert Kuok.
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