Wiki Biography Of Kuok Khoon Hong
Kuok Khoon Hong, a businessman of Chinese heritage, was born in Singapore in 1951 and is well known around the world as the co-founder of Wilmar International, one of the top Asian palm oil producers. He has, however, expanded his firm to include other industries such as sugar and cocoa over time.
Have you ever wondered how wealthy Kuok Khoon Hong is right now, in the middle of 2016? According to reliable sources, Kuok Khoon Hong’s net worth is estimated to be $2.5 billion, an amount he has amassed through a successful career as a businessman, and despite the fact that his wealth fluctuates daily due to stock exchange movements, this places him among Singapore’s top ten wealthiest citizens.
Kuok Khoon Hong Net Worth $2.5 Billion
Kuok’s early life and schooling are unknown, however he received a Bachelor of Commerce degree from McGill University Desautels Faculty of Management in Montreal, Canada, in 1973. There is no information available about his life prior to 1991, when he co-founded Wilmar International. His company gradually flourished, and he began to acquire additional businesses, which only served to extend his business and raise his net worth.
Wilmar International has expanded its operations beyond palm oil cultivation to include oilseeds, cereals, and soyabeans, as well as oleochemicals and specialty fats. It has grown to 450 manufacturing sites and expanded into nations such as China and India, among others, to reach a total of 50 countries where its products are sold.
Kuok has acquired a number of other companies over the years through Wilmar International, which is now an investment holding company, including PT Cahaya Kalbar Tbk in 2005, Olam International Ltd and SIFCA Group in 2007, and expanded its business to the Philippines in the same year by establishing two coconut mills.
He also purchased PT Duta Sugar International in Indonesia, which is an oil-bottling company, as well as plants in China and Vietnam that create sauces. Kuok’s net worth has increased significantly as a result of these deals.
Kuok formed an alliance with Nizhny Novgorod Fats & Oils Group and Delta Exports Pte Ltd in 2008, which only served to assist him extend his business into Russia.
Kuok also purchased the Proserpine Mill in Australia, which marked the start of his engagement in the sugar sector, and Goodman Fielder in 2015, with the support of First Pacific, by purchasing 50% of the shares. All of this has aided him in further increasing his entire net worth.
Kuok Khoon Hong is married and has four children, but additional details of his life and marriage are unknown in the public because he chooses to keep his personal life private.
Kuok Khoon Hong is also known as the nephew of Malaysian billionaire and Shangri-La Hotels & Resorts chairman Robert Kuok.
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|McGill University Desautels Faculty