Billionaire Profile
Kwek Leng Beng
Global Rank
#1107

Image: City Developments Limited/Hong Leong Group Singapore | CC BY 4.0 | via Wikimedia Commons

Kwek Leng Beng

CEO, Diversified
SINGAPORE
Real-Time Net Worth
$3.848B
Estimated based on Diversified stock value as of March 6, 2026
0% (24h)
Age
85
Source
Diversified
Industry
Diversified
Citizenship
SINGAPORE

Biography

Kwek Leng Beng is a prominent Singaporean businessman and the Executive Chairman of Hong Leong Group Singapore, a highly diversified conglomerate. He is also the Executive Chairman of City Developments Limited (CDL), one of the largest property developers in Singapore, and the Executive Chairman of Millennium & Copthorne Hotels. His estimated net worth is $4.8 billion as of January 2026. Throughout his career, Kwek has been instrumental in shaping Singapore's real estate and hospitality sectors, building iconic brands and driving the expansion of CDL and Millennium Hotels & Resorts globally. His leadership has been marked by an entrepreneurial spirit and a willingness to take calculated risks, contributing significantly to the growth and success of the Hong Leong Group and its various ventures.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Kwek Leng Beng was born in Singapore on January 27, 1941. His father, Kwek Hong Png, founded Hong Leong Group in 1941. Kwek was raised by his grandmother and attended Beatty Primary School and Bartley Secondary School. At 17, he began working at Hong Leong. He later studied law at the University of London, graduating with an LLB in 1963, before returning to Singapore to join the family business.

Rise to Success

Kwek joined the Hong Leong Group in the early 1960s and quickly rose through the ranks. He became the chairman of Hong Leong Group in 1990. His strategic acquisitions and management skills led to the global expansion of the company. Kwek's vision transformed CDL from a smaller entity into a leading global real estate firm. He is also known for expanding Millennium Hotels and Resorts worldwide. His leadership has significantly shaped Singapore's business landscape in real estate and hospitality.

Key Business Strategies

Kwek's approach involved acquiring valuable assets and efficiently managing and growing businesses. He is known for his knack for identifying strategic investments, demonstrated by the purchase of the Plaza Hotel in New York. His effective style and attention to detail have been pivotal in sealing deals and driving the success of CDL and Millennium & Copthorne Hotels.

Philanthropy

Kwek Leng Beng is committed to philanthropy and supports various charitable causes, particularly in education. In November 2023, he launched his biography and donated $24 million to the Singapore Institute of Technology (SIT) for establishing the Kwek Leng Beng University Tower. He has also initiated bursaries and scholarships for SIT Hospitality Business undergraduates.

Career Milestones

1963

Joined Hong Leong Group

Began working in the family business after graduating from law school.

1972

Took over City Developments Limited (CDL)

Led Hong Leong's takeover of CDL, transforming it into a major property developer.

1990

Chairman of Hong Leong Group

Became Executive Chairman of Hong Leong Group, expanding its global presence.

1995

Acquired Plaza Hotel

Acquired the Plaza Hotel in New York with Prince Alwaleed Bin Talal.

2018

Sherman Kwek became CEO of CDL

Kwek's son, Sherman Kwek, took charge as group CEO of City Developments.

2024

Acquired Hilton Paris Opera Hotel

Opened The Singapore Edition and acquired Hilton Paris Opera Hotel.

Philanthropy & Social Impact

Education

Singapore Institute of Technology (SIT) Donation

$24M

Joint donation with CDL to SIT for the establishment of the Kwek Leng Beng University Tower, along with scholarships and bursaries for hospitality students

Education

SIT Academic Initiatives

$0.72M

Donated to start six new academic initiatives at SIT, including scholarships and bursaries.