Kwek Leng Beng
#1121

Kwek Leng Beng

Singapore 85 years old

Overview

Source of Wealth
Diversified
Industry
Diversified
Residence
Singapore
Education
University of London (LLB)
Marital Status
Married
Children
2

Assets

  • China Tian Yuan Healthcare Group
    0 shares @ -
    -
    557-HK
  • City Developments Ltd.
    0 shares @ -
    -
    C09-SG
  • Guoco Group Ltd.
    0 shares @ -
    -
    53-HK
  • GuocoLand Ltd.
    0 shares @ -
    -
    F17-SG
  • Hong Leong Asia Ltd.
    0 shares @ -
    -
    H22-SG
  • Hong Leong Finance Ltd.
    0 shares @ -
    -
    S41-SG
  • Hong Leong Financial Group Bhd
    0 shares @ -
    -
    1082-MY
  • Hong Leong Industries Bhd
    0 shares @ -
    -
    3301-MY
  • Hwa Hong Corp. Ltd.
    0 shares @ -
    -
    H19-SG
  • Lam Soon (Hong Kong) Ltd.
    0 shares @ -
    -
    411-HK

Biography

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, one of the island state largest property developers.

Kwek's son, Sherman, took charge as group CEO of City Developments in 2018 following a decade in various roles.

City Developments owns rental apartments across the UK, Japan, Australia and the US, including a student accommodation development located in the UK.

In 2024, it opened The Singapore Edition, a 204-room luxury hotel managed by Marriott International. The same year it acquired the Hilton Paris Opera Hotel for $260 million.

About

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.

In 2020, City Developments took a $1.8 billion write-down on its investment in China.