Tycoons in Malaysia

Shangri-La and Kerry Group

Shangri-La and Kerry Group

The richest man in Malaysia, Robert Kuok Hock Nien is also one of the richest men in the world. Apart from his affiliation with the plantations industry where he has been previously involved with sugar and flour, some of his most prominent businesses are in the hotel industry where he owns the international Shangri-La Hotels and Resorts while he is also the chief of Kerry Group.

Through Kuok Brothers Sdn Bhd, he is worth billions and despite all that, Kuok is still known to be a man who does not like the limelight. In essence, he is known to be a true gentleman while in Kerry Group, he is one of the largest investors in China. Kerry Group is of course the one which is involved in all types of business in China that include his hotel operations as well as the Coca-Cola bottling factories which is one of the most remarkable achievements by Kuok.

Essentially, his publicized wealth at RM45.7billion is said to be just what is known as his own personal and private wealth is known to be worth much more than that. After all, Kuok is based in Hong Kong which means he might be in various other ventures which are not publicly known. Furthermore, his wealth grew exponentially in 1997 when China took back Hong Kong from the British. Well before that, he has already established his foothold in Hong Kong through the Kerry Group and when China opened up its market, it was all for his taking.

A humble and soft-spoken man like Kuok is hard to come by these days. It is through his visions and excellent business acumen that he has made his fortunes. He does not offer much to the public eye where interviews are few and in his own words, ‘in every crisis, big fortunes are made’, which is very well, be what he has done. In fact, in 1986, it was estimated that he owned over 250 companies and that include cinemas where it is the GSC today as well as manufacturing cigars in the Philippines.