Kuok Khoon Hong – Billionaire

Kuok Khoon Hong, the Singapore-based nephew of Malaysian billionaire Robert Kuok, cofounded Wilmar in 1991 and built it into one of the world’s largest palm oil producers. The agribusiness giant, which suffered a net loss of $220 million for the second quarter of 2016 due to losses in its oilseeds and grains business, ended the year on a more positive note: it reported annual net profit of $160 million on revenue of $41 billion. Wilmar is expanding its sugar interests with a new joint venture with Brazil’s Raizen Energia. BandLab Technologies, a digital music startup founded by Kuok’s son Kuok Meng Ru, bought a 49% stake in Rolling Stone magazine last September.

Singaporean businessman Kuok Khoon Hong has an estimated net worth of $2.7 billion as of April 2016 according to Forbes. He holds a minority stake in Wilmar International which is considered as the largest palm oil company in the world. He currently sits as the Chief Executive Officer of Wilmar International in addition to being one of the company’s founders. Kuok Khoon Hong is currently married with four children. Today, he is considered as one of the wealthiest men in Singapore.

Wilmar International collaborated with Archer Daniels to expand the company into processed foods, as well as with Swiss firm Clariant for its expansion to specialty chemicals. He also holds stakes in London’s Aviva Tower and Zhong Sheng Jian’s Yanlord Land.

Source:

1. forbes

2. therichest