What is Robert Kuok’s net worth?
| net worth: | $15.5 billion |
|---|---|
| age: | 100 |
| date of birth: | October 6, 1923 |
| gender: | male |
| high: | unknown |
| country of origin: | Malaysia |
| Source of wealth: | entrepreneur |
| Last updated: | August 1, 2024 |
introduce
Robert Kuo’s net worth is estimated at $15.5 billion.
Robert Kuok is a Malaysian business magnate and investor.
Mr Kuok is not a media-savvy person; most of his businesses are privately held by him or his family.
In addition to its numerous businesses in Malaysia, his company also has investments in many countries in Asia.
The biggest source of wealth is his stake in Wilmar International, the world’s largest listed palm oil company.
early life
Robert Kuok Hock Nien was born on October 6, 1923 in Johor Bahru, Malaysia.
Robert Kuok is the son of a Chinese family in Malaysia.
During the Japanese invasion of Malaya during the war, he grew up speaking his parents’ Fuzhou dialect, English and Japanese.
He studied at Raffles Institution, where he was a classmate of Lee Kuan Yew, and later at the English College in Johor Bahru.
Profession
Born into a wealthy Chinese family in Malaysia, Robert Kuok is one of the richest men in Asia.
As a child, he was sent to an English primary school by his father’s English-speaking staff, and he became fluent in multiple languages at an early age.
While Robert learned English at school, he also spoke his parents’ Fuzhou Chinese dialect and learned Japanese during the Japanese occupation of Malaya.
When he grew up, he studied at Raffles Institution in Singapore and was a classmate of Singapore’s founding Prime Minister Lee Kuan Yew.
Start his career
According to Robert Kuok, his first foray into the business world was as an office boy, where he learned how things worked.
After graduation, he worked as a clerk in the rice trade department of Mitsubishi Corporation during the Japanese occupation.
This situation lasted from 1942 to 1945, during which time Mitsubishi, with the help of the Japanese military, monopolized the rice trade in Malaya.
Kuok eventually rose to become head of the rice trading division, and after the war he brought his skills to the family business in Johor.
After his father’s death in 1948, Kuok founded Kuok Brothers Sdn Bhd the following year with his two brothers and their cousin.
With the help of this company, they focused on agricultural product trading, leveraging on Kuok’s ongoing relationship with the Japanese.
Although Kuok is not yet as wealthy as Son, he has begun to build a business that will earn him billions of dollars.
Sugar Industry and Hotels
In 1959, Robert Kuok and two Japanese partners founded the Malayan Sugar Company and recruited many Malay elites as shareholders and directors.
In 1961, he imported cheap sugar from India before sugar prices soared and made huge investments in sugar factories.
At this time, Guo’s company controlled 80% of the sugar market in Malaysia, and he was therefore given the title of “Sugar King of Asia”.
Ten years later, he built his first hotel, the Shangri-La in Singapore, and in 1977 he entered the Hong Kong real estate market.
After purchasing land on the eastern waterfront of Tsim Sha Tsui, he built his second hotel, the Kowloon Shangri-La Hotel.
In the 1990s, Robert Kuok’s Kerry Group acquired a 34% stake in the South China Morning Post from Rupert Murdoch’s News Corporation.
He retired from the Carey Group shortly thereafter but continued to oversee other businesses such as sugar and real estate.
Outstanding businessman
Kuok’s companies have investments in many countries, including mainland China, the Philippines, Indonesia and Australia.
In China, he owns 10 Coca-Cola bottling companies and the Beijing World Trade Center; in Malaysia, he owns Malaysian Bulk Shipping Co., Ltd.
In 2007, Kuok merged his plantation, oil and grain businesses with Wilmar International, which became the world’s largest palm oil producer.
Like Li Ka-shing, Robert Kuok’s business sense has made him one of Asia’s most outstanding businessmen.
In addition, Robert Kuok also holds a minority stake in CITIC Pacific and was appointed to the Celebrity Committee in 2018.
The committee is responsible for advising the Pakatan Harapan federal government, and Kuok’s appointment will only increase his influence among Malaysians and overseas.
In the same year, he published his first book, titled Robert Kuo: A Memoirwhich won the Singapore Publishers Award for Book of the Year.
Robert Kuiker Net Worth
Robert Kuok has a net worth of $15.5 billion.
More professional entrepreneurs:
emphasize
Here are some highlights from Kuok’s career:
- Robert Kuok’s first pot of gold came from the sugar industry
- He founded Kuok Brothers Ltd. in the late 1940s
Robert Kuok’s favorite quote
“Every business has risks; if you are not brave enough to seize the first or next opportunity, you will always be a poor man.” – Robert Kuo
“Everything in the world is dynamic. All I can give my children is information, not money. If they can follow it, we can pass it on for another three or four generations.” – Robert Kuo
“When I hire, I look for honest, hard-working, smart people. When I look into the eyes of a candidate, they must show absolute honesty. I don’t look for MBAs or top students. You may hire a brilliant person with excellent grades, first-rate honors, but if his mind is unfair, or his attitude towards life is distorted, what does the talent mean?”– Robert Kuo
“My mother knew I was a talented businessman, but she didn’t want me to go into the dark and become an evil businessman. She advised us to be good people and not be greedy for money.” – Robert Kuo
3 inspirational lessons from Robert Kuok
Now that you know about Robert Kuok’s net worth and how he became successful; let’s look at some of the lessons we can learn from him:
1. 90% of success comes from hard work and knowledge
In the sugar industry, for example, Robert Kuok studied the demand, supply, production, consumption and transportation processes to stay ahead. Success did not come easily.
2. Be brave
Every business has risks. It’s okay to give up and miss the opportunity if there is a better opportunity soon. But if you are not bold enough and back down every time, then you will always be poor.
3. Employees First
Hospitality is a service industry where the most important element is your staff, on whom you completely depend to entertain your customers; therefore, we should make taking care of our staff our top priority.
Frequently Asked Questions
How much is Robert Kuok worth?
Robert Kuo’s net worth is estimated at $15.5 billion.
How old is Robert Kuok?
Robert Kuok was born on October 6, 1923 and is now 100 years old.
How tall is Robert Kuok?
Robert Kuok’s height is not known.
Summary
Robert Kuok is a Malaysian Chinese businessman who made his fortune in the sugar industry but began his career in the corporate world in the rice business.
Robert Kuo’s net worth is estimated at $15.5 billion.
What do you think of Robert Kuok’s net worth? Leave a comment below.
Categories: Net Worth
Source: svlsf.edu.vn