Oei Hong Leong

Early Life

Oei Hong Leong, born on March 21, 1948, in Singapore, is the son of Eka Tjipta Widjaja, an Indonesian billionaire and the founder of the Sinar Mas Group. He spent his early years in Singapore and later moved to China for his education during the 1960s and 1970s.

Rise to Success

Oei's wealth primarily comes from his corporate bond portfolio and real estate assets. A pivotal moment in his career was the acquisition of prime property in Vancouver, Canada, including the Expo Gardens (formerly the Plaza of Nations). In 2017, he founded One Belt One Net, a data center company in Singapore, investing SIN$6.7 billion. He serves as the Chairman of Chip Lian Investments, the Oei Hong Leong Foundation, and the Nei Xue Tang Museum.

Key Business Strategies

Oei Hong Leong has been involved in various business ventures. He is the founder and Chairman of One Belt One Net, a leading data center company in Singapore. He has also invested in several industries including steel, coffee, healthcare, and real estate. Chip Lian Investments has substantial investments in several Southeast Asian companies. In 2022, he invested in mm2 Asia and acquired a 20% stake in A-Smart Holdings. He also sold his entire stake in Raffles Education in 2021.

Philanthropy

Oei is known for his contributions to philanthropy. In 2020, he and his brother Frankle Widjaja made a combined donation of S$1 million to establish two scholarships at SingHealth Duke-NUS Academic Medical Centre. He also donated $2.7 million to the National University of Singapore (NUS) in 2021 from the proceeds of his Raffles Education Corporation share sale.