Kwee brothers
Singapore, Singapore
Singapore
Real Estate
$5,400,000,000
311
#311 Billionaires 2019
#7 Singapore's 50 Richest 2018
The four Kwee siblings control privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across the island-nation. Pontiac Land was founded by their Indonesian father Henry Kwee, a textile trader and real estate developer, who migrated to Singapore in 1958.In New York, the brothers are building an 82-story tower beside the Museum of Modern Art, where penthouses cost more than $70 million.In 2017, the brothers acquired the Cappella Hotel group from legendary luxury hotelier Horst Schulze for an undisclosed sum.Their newest project in the U.S. is a hotel in a joint venture with the famous Mayo Clinic in Rochester.
In March 2018 they sold their 50% stake in the landmark Capitol Singapore project to erstwhile partner Perennial Real Estate Holdings for $380 million.The Kwees are avid art collectors, decorating their various properties with works by artists like Roy Lichtenstein and Frank Stella.
Add a review