Billionaire tycoon Robert Kuok, 100, is the richest person in Malaysia. He is 100 years old. According to Forbes he has a net worth of $11.8 billion as at April 2023.
He is a businessman, investor and philanthropist who has been a resident in Hong Kong since 1973.
Robert Kuok is the founder and chairman of Shangri-La Hotels and Resorts. He has 8 children.
As usual with many billionaires, Robert Kuok, owns businesses in many sectors such as flour milling, sugar cane plantations, oil, animal feeds, mining, finance, hotels, real estate, trading, logistics and publishing.
Robert Kuok owns a stake in Wilmar International which trades in Palm Oil.
Robert Kuok was a classmate to Malaysia’s founding Prime Minister Lee Kuan Yew at Raffles Institution.
He established Kuok Brothers Sdn Bhd in 1949 as agricultural commodities trading company.
In 1959, Kuok established Malayan Sugar Manufacturing company. In 1961, he purchased sugar cheaply from India and also invested a lot on sugar refineries.
In 1971, Robert Kuok built his first Shangri-La Hotel in Singapore. In 1977 he turned his attention to Hong Kong Property market.
In 1993, Robert Kuok through his Kerry Group acquired 34.9% shares in South China Morning Post from News Corp owned by Murdoch.
Robert retired on 1 April 199 by that time he had invested in Thailand, Singapore, China, Australia, Indonesia and Philippines.
In China he owns 10 Coca Cola bottling companies. He also owns Beijing World Trade Centre.
Shipping
In shipping, Robert Kuok owns Malaysian Bulk Carriers Berhad and Transmile Group.
End
