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Billionaire Profile
Quek Leng Chan
Global Rank
#511

Image: Encik Tekateki | CC BY-SA 4.0 | via Wikimedia Commons

Quek Leng Chan

CEO, Banking
MALAYSIA
Real-Time Net Worth
$7.53B
Estimated based on Banking stock value as of April 20, 2026
0% (24h)
Age
84
Source
Banking, property
Industry
finance-investments
Citizenship
MALAYSIA

Biography

Tan Sri Quek Leng Chan is a prominent Malaysian billionaire, currently ranked as the second-richest person in Malaysia. His wealth stems primarily from his involvement in banking and property, as the executive chairman of the privately held Hong Leong Group Malaysia. Quek co-founded the group and has overseen its significant expansion across various sectors, including financial services, manufacturing, and real estate. His career is marked by strategic acquisitions and a focus on innovation, solidifying his status as a leading business figure in Southeast Asia. He is also known for his philanthropic efforts through the Hong Leong Foundation, supporting education and community development initiatives.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Quek Leng Chan was born in Singapore in 1941. He attended Victoria School in Singapore and later pursued legal studies in the United Kingdom, qualifying as a barrister-at-law from Middle Temple. This legal training equipped him with skills in corporate structuring, which proved essential for his business ventures.

Rise to Success

In 1968, Quek joined the family business, Hong Leong Group, co-founding Hong Leong Company (Malaysia) Berhad. Under his leadership, the group expanded significantly into banking, finance, property development, manufacturing, and hospitality. Quek serves as the Executive Chairman of Hong Leong Group Malaysia, overseeing its diverse operations. He is also Chairman of Hong Leong Bank Berhad and Hong Leong Financial Group Berhad.

Key Business Strategies

Quek Leng Chan's business approach involves strategic acquisitions and a focus on expanding into new markets. He is known for building a diversified business empire. His cousin, Kwek Leng Beng, oversees the Singapore operations of Hong Leong Group. Quek's involvement in both financial services and real estate has been a cornerstone of his wealth.

Philanthropy

Quek is actively involved in philanthropy. He is the chairman of the Hong Leong Foundation, which supports educational initiatives and community development in Malaysia. The foundation focuses on transparency and effectiveness in its charitable work.

Career Milestones

1968

Co-founded Hong Leong Company (Malaysia) Berhad

Entered the family business and established a separate entity from the original Singapore-based Hong Leong Group.

1990

Executive Chairman of Hong Leong Group Malaysia

Assumed leadership of the Malaysian operations, overseeing diverse interests in finance, property, and manufacturing.

1994

Chairman of Hong Leong Bank Berhad

Guided policies on lending, wealth management, and expansion within the banking sector.

2022

Chairman of GuocoLand Ltd.

Overseeing high-profile property developments across Asia.

Philanthropy & Social Impact

Education and Community Development

Hong Leong Foundation

Undisclosed

Supports education, healthcare, and community development initiatives in Malaysia.

Business Philosophy & Leadership

Notable Quotes

"We should be mindful that we avoid building a Group whose total concentration is to make profit – devoid of human touch and excitement."

Leadership Principles

Strategic Acquisitions

Emphasizing strategic acquisitions to foster growth and diversification within various sectors.

Focus on Innovation

Focusing on innovation and expansion in new markets.

Social Responsibility

Committed to corporate social responsibility through the Hong Leong Foundation.

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