The Richest People In Singapore Right Now, And How They Make Their Money

7. Kwek Leng Beng, $3.1B

Image Credit: Forbes

Son of the late Kwek Hong Png, founder of Hong Leong Group, Kwek Leng Beng (76) is currently its executive chairman.

While trained as a lawyer, Kwek Leng Beng decided to join the family business in the 1960s, and has been playing a vital role in the group ever since. The Group has now more than 300 companies under its umbrella, including 12 listed ones.

He’s also the chairman at City Developments Limited (CDL), Singapore’s second-largest property developer with a global presence in 26 countries.

CDL also owns one of the world’s largest hotel groups, London-listed subsidiary Millennium & Copthorne Hotels, which has 130 hotels globally. Locally, CDL has developed over 40,000 homes and is one of Singapore’s largest commercial landlords.

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