Robert Kuok Net Worth
How much is Robert Kuok worth? For this question we spent 11 hours on research (Wikipedia, Youtube, we read books in libraries, etc) to review the post.
The main source of income: Billionaires
Total Net Worth at the moment 2023 year – is about $14 Billion.
Robert Kuok information Birth date: October 6, 1923 Birth place: Johor Bahru, Malaysia Profession:Businessperson Education:Raffles Institution, Raffles College Nationality:China Spouse:Ho Poh Lin Children:Jeffrey Ong Teng Buey, Kuok Khoon Ean Siblings:Phillip Kuok, William Kuok
:How tall is Robert Kuok – 1,69m.
How much weight is Robert Kuok – 53kg
Robert Kuok Hock Nien, is an influential Malaysian Chinese businessman. According to Forbes his net worth is estimated to be around $14.7 billion on Feb 2012, making him the richest person in Malaysia and second richest in Southeast Asia after Dhanin Chearavanont of Thailand…
Biography,Kuok is in the sugar business. Kuoks father arrived in Malaya from Fujian, China, at the beginning of the 20th century, and Robert was the youngest of three brothers, born on 6 October 1923, in Johor Bahru. He grew up speaking his parents Chinese Fuzhou dialect, English and Japanese during Japans wartime occupation of Malaya.He claims he began in business as an office boy, and later started a business with relatives support. Upon graduation, he worked as a clerk in the rice-trading department of Japanese industrial conglomerate Mitsubishi Shoji Kaisha between the Japanese occupation period between 1942 and 1945, in Singapore, a conglomerate which with the help of Japanese military unit monopolized the rice trade in Malaya during the occupation period, with suspicion of being a traitor. He was soon promoted to head the rice-trading department. After the war, he took the skills he learned from the Japanese back to the familys business in Johor.Kuok senior died in 1948, and Kuok and his two brothers and a cousin Kuok Hock Chin founded Kuok Brothers Sdn Bhd in 1949, trading agricultural commodities. Kuok relationship with the Japanese continued after Malaya gained independence. In 1959, Kuok formed Malayan Sugar Manufacturing Co. Bhd. together with two prominent Japanese partners. He also brought many influential Malay elite into his company as directors and shareholders which include UMNO politician and Malay royalty. In 1961, he made a coup by buying cheap sugar from India before the prices shot up. He continued to invest heavily in sugar refineries, controlled 80% of the Malaysian sugar market with production of 1.5 million tonnes, equivalent to 10% of world production, and so earned his nickname Sugar King of Asia.In 1971, he built the first Shangri-La Hotel, in Singapore. His first foray into Hong Kong property was in 1977, when he acquired a plot of land on the newly reclaimed Tsim Sha Tsui East waterfront, where he built the second hotel, the Kowloon Shangri-La. In 1993, his Kerry Group acquired a 34.9% stake in the South China Morning Post from Murdochs News Corporation.His companies have investments in many countries, including Singapore, the Philippines, Thailand, Mainland China, Indonesia, Fiji and Australia. Businesses in China include 10 bottling companies for Coca Cola, and ownership of the Beijing World Trade Centre.Freight interests include Malaysian Bulk Carriers Berhad and Transmile Group.His political influence is attested by his having been selected as one of the Hong Kong Affairs Advisors in the run-up to the transfer of sovereignty of Hong Kong, and his minority stake in CITIC Pacific. He was also instrumental in conveying information and setting up the meetings between Malaysia and China governments leading to full diplomatic cross recognition of the two countries.On 31 October 2009, PPB Group under the flagship of Robert Kuok issued a statement to the Bursa Malaysia that it had decided to dispose of its sugar units along with land used to cultivate sugar cane for RM 1.29 billion to FELDA. The sales resulted in a one-off gain for the company. The sugar unit and sugar cane plantation were the second largest business segment upon its grain and feed which were topping the sales.In February 2014, Kuoks Singapore-based oil services company PACC Offshore Services Holdings (POSH) started pre-IPO talks with investors to list on the Singapore Stock Exchange to raise $400 million.
Wikipedia Source: Robert Kuok