⬅ # 210 Robert F. Smith|# 212 Robert Duggan ➡

# 211 Robert Kuok 

$11.3B

Real Time Net Worth
as of 12/12/2024
-$27.7M (-0.25%)

# 211 Robert Kuok 

$11.3B

Real Time Net Worth
as of 12/12/2024
-$27.7M (-0.25%)
OccupationFounder, Kuok Group
Source of WealthPalm Oil, Shipping, Property
Age101
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Children8
EducationBS, Raffles College
Age-Adjusted Net Worth$704.00M
Robert Kuok
Robert Kuok
Malaysia
Net worth: $11.3B

Self-Made Score 

Rado Captain Cook Swiss Automatic Watch 42 mm

Wealth History

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Biography

Overview

Tan Sri Robert Kuok was born on October 6, 1923, in Johor Bahru, Malaysia
Founded Kuok Brothers in 1949, initially trading rice, sugar, and wheat flour
Acquired the nickname 'the Sugar King of Asia' for controlling 10% of the world's sugar market
Established a base in Singapore in 1953
Founded Shangri-La Hotels in 1971, with the first hotel opening in Singapore
Founded Kerry Holdings in Hong Kong in 1974
Opened Kowloon Shangri-La in Hong Kong in 1977
Expanded business operations to Mainland China in 1980
Wealthiest man in Malaysia for several decades
Major Stakeholder in Wilmar International, the world's largest listed palm-oil refiner
Established and controls the Kuok Group, operating in sectors like hospitality, agriculture, real estate, freight, and logistics

Business Ventures

Founder of Shangri-La Hotels and Resorts chain in 1971
Founded Kerry Holdings in 1974
Established Kowloon Shangri-La in Hong Kong in 1977
Kuok Group operates in various sectors including hospitality, agriculture, real estate, and logistics
Major stakeholder in Wilmar International
Operated Kuok Brothers, initially trading rice, sugar, and wheat flour

Family and Succession

Next generation of Kuoks, including children and nephew, manage various businesses
Nephew, Kuok Khoon Hong, runs Wilmar International
Youngest son, Kuok Khoon Hua, serves as Chairman and CEO of Kerry Properties in Hong Kong

Robert Kuok's Wealth is Equivalent to:

8,683,603 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

2,134,342 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

115,284 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Robert Kuok?

If you started with $10,000 and invested an additional $500 each month at a 43.53% CAGR, it would take you 5 years to reach Robert Kuok's net worth of $11.3B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 63.87% compared to 28.04% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Robert Kuok is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Robert Kuok, Palm Oil, Shipping and Property are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey