Billionaire Profile
Michael Kum
Global Rank
#2913

Image: Public domain | via Wikimedia Commons

Michael Kum

CEO, M&L Hospitality
SG
Real-Time Net Worth
$1.15B
As of December 2025
Age
80
Source
Hotels
Industry
real-estate
Citizenship
SG

Biography

Michael Kum, born in Singapore in 1945, is a self-made billionaire with an estimated net worth of $1.15 billion. His primary wealth source is his successful hotel empire, M&L Hospitality, which spans across Asia and Europe. Starting his career far from luxury hotels, Kum built his fortune through strategic investments and entrepreneurial drive. He began his career in the marine industry and later transitioned to hospitality, acquiring and managing numerous properties under brands like Hilton and Hyatt. His achievements include building a global hospitality empire and receiving the Lifetime Achievement Award at the Asia Pacific Entrepreneurship Awards in 2019.

Wealth Over Time

In-Depth Profile

Early Life

Michael Kum was born in Singapore in 1945 to parents who were street hawkers. Growing up in a humble environment, he learned the value of hard work and perseverance. He earned a Certificate in Higher Commercial Law and Higher Costing from the London Chamber of Commerce in 1966.

Rise to Success

Kum's career began in 1969 as the Finance and Administration Manager for Marine Charters (Singapore) Pte Ltd. He was appointed to the board in 1972. In 1976, he co-founded Offshore Equipment Pte Ltd, which chartered vessels to the oil and gas industry. This venture expanded into Miclyn Holdings and later Miclyn Offshore, a major offshore support vessel operator. After selling his offshore barge business to Macquarie Group in 2009, Kum entered the hotel industry through Grandline International and M&L Hospitality.

Key Business Strategies

Kum's key strategies involved acquiring strategically located hospitality properties in key gateway cities. His acquisition strategy focused on major business hubs, long-term value assets, and strong global brands like Hilton and Hyatt. M&L Hospitality now operates 21 hotels across Asia and Europe. In June 2025, he acquired Hotel Maria in Helsinki.

Philanthropy

M&L Hospitality and the hotel ibis Singapore donated 3,200 bento box meals to staff of Tan Tock Seng Hospital and the National Centre for Infectious Diseases in 2020.

Career Milestones

1969

Finance and Administration Manager

Began his career at Marine Charters (Singapore) Pte Ltd.

1972

Board Member

Appointed to the Board of Marine Charters (Singapore) Pte Ltd.

1976

Co-founded Offshore Equipment Pte Ltd

Chartered vessels to the oil and gas industry.

2009

Entered the Hotel Industry

Began acquiring hotels and established M&L Hospitality.

2019

Lifetime Achievement Award

Received the Asia Pacific Entrepreneurship Award.

2025

Acquired Hotel Maria, Helsinki

Acquired the luxury hotel and planned to rebrand it as Waldorf Astoria Helsinki.

Philanthropy & Social Impact

Healthcare

Bento Box Meal Donation

Undisclosed

M&L Hospitality and hotel ibis Singapore donated 3,200 bento box meals to staff of Tan Tock Seng Hospital and the National Centre for Infectious Diseases in 2020.

Business Philosophy & Leadership

Notable Quotes

""We've never lost money—in shipping or in hotels.""

Leadership Principles

Entrepreneurial Spirit

Demonstrated extraordinary entrepreneurial spirit throughout his career, from shipping to hotels.

Strategic Investment

Focused on strategic investments in key gateway cities and acquiring long-term value assets.

Family Involvement

Maintained a family-driven venture with his eldest daughter playing a key leadership role.