Kwek Leng Beng
Singapore, Singapore
LLB, University of London
Singapore
real estate
$3,300,000,000
745
#745 Billionaires 2019
#2 Singapore's 50 Richest 2015
Kwek Leng Beng is the executive chairman of Singapore's Hong Leong Group, founded by his father in 1941. Kwek is also executive chairman of City Developments, the island state's second-largest property developer. Amid constraints at home, Kwek has been on an overseas expansion drive in recent years, acquiring assets in the UK, China and Australia.In January 2018, Kwek's son, Sherman, took charge as group CEO of City Developments following a decade in various roles.
His cousin, Quek Leng Chan, also a billionaire, runs the Hong Leong Group's Malaysian operations. In 1995, Kwek, together with Saudi billionaire Prince Alwaleed Bin Talal Alsaud, bought the Plaza Hotel in New York City from Donald Trump.
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