Saturday, June 28, 2008

Malaysia Richest # 01



Tan Sri Robert Kuok Hock Nien (simplified Chinese: 郭鹤年; traditional Chinese: 郭鶴年; pinyin: Guo Hènián) (born October 6, 1923, in Johor Bahru, Johore), is an influential Malaysian Chinese businessman. According to Forbes his net worth is estimated to be around $10 billion on May 2008, making him the richest person in Southeast Asia.

Kuok is media shy and discreet; most of his businesses are privately held by him or his family. Apart from a multitude of enterprises in Malaysia, his companies have investments in many countries throughout Asia. His business interests range from sugarcane plantations (Perlis Plantations Bhd), sugar refinery, flour milling, animal feed, oil and mining to finance, hotels, properties, trading and freight (International Shipping Corporation, Transmile Group) and publishing.

Kuok's father arrived in Malaya from Fujian, China at the beginning of the 20th century, and Kuok was the youngest of three brothers, born on October 6, 1923, in Johor Bahru. He modestly claims he began in business as an office boy, and later started a business with relatives' support. In fact, upon graduation, he worked in the grains department of Japanese industrial conglomerate Mitsubishi between 1942 and 1945.

His companies have investments in many countries, including Singapore, Thailand, Mainland China, Indonesia, Fiji and Australia. Businesses in China include 10 bottling companies for Coca Cola, ownership of the Beijing World Trade Centre.

His political influence is attested by his having been selected as one of the advisors on Hong Kong's future in the runup to the transfer of sovereignty of Hong Kong, and his minority stake in CITIC Pacific. He was also instrumental in conveying information and setting up the meetings between Malaysia and China governments leading to full diplomatic cross recognition of the two countries.

Kuok has married twice and has eight children. He officially retired from the Kerry Group on April 1, 1993. Nowadays, Kuok Khoon Ean one of Robert's sons, handles most of the day-to-day operations of his businesses. He is currently residing in Hong Kong.


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