Kwek Leng Beng is a businessman, a millionaire in Singapore. Although Kwek is a Singaporean businessman, his roots are traced back to China. Kwek Leng Beng is a trained lawyer but he chose to embark on his family’s business, started by his late father, Kwek Hong Ping. Leng’s father left China for Singapore as a teenager.
He is the founder for Hong Leong group, one of Asia’s largest and corporation we have become a renowned billionaire in the world, with Forbes estimating his net worth at $7.6 billion in 2018.
Hong Leong group is well known for its numerous properties. The corporation has seen iconic properties along the skyline of Singapore. Leong group is the largest property developer in Singapore, registering over eight million square feet of offices to let, residential and retail office.
Kwek Leng Beng Chairman of City Developments Limited
Kwek Leng Beng joined the family business in the 1960’s. He later became the chairman of the group in 1990. During this period, Kwek established other companies under the group, including the City Developments Limited (CDL), Millennium & Copthorne (M&C) hotels and Hong Leong Finance. Kwek Leng is ambitious in buying of properties. Although there are some reasons that are bad for business, Kwek believes that that is and should not be an obstacle to business. Leng Beng likes to see opportunities even in such seasons. His ambition and dedication to property and real estate business has offeredKwek an upper hand in the business competition.
Kwek Leng Beng Real Estate Family Business
City Developments Limited is the largest real estate firm in Singapore, which extends its reach to many countries in Asia, Europe, Australasia, and North America. CDL has over 50 years of experience in real estate management. CDL has developed over 40,000 home globally.
The Millennium & Copthorne (M&C) hotels is a real estate institution that has 120 hotels in different locales such as London, Saudi Arabia, Tokyo, and New York, namely Millennium Gloucester, millennium Hail Hotel, Millennium Mitsui and Millennium Broadway Hotel respectively. M&C is ranked 40th among the world’s international hotels.
Kwek Leng Beng Singapore Businessman
Hong Leong Finance (HLF)is one of the largest finance company in Singapore. HLF provides financial services to enterprises in Singapore and other parts of Asia. More so, it offers other properties like cars, both old and new, homes, mortgages, and house loans. That’s not all, HLF also provides commercial property development, small and medium enterprise (SME) working capital.
Kwek Leng Beng continues to expand his investments all over the globe. His expertise in business strategies and investments have made his wealth grow even more.