What is Quek Leng Chan's Net Worth?
Quek Leng Chan is a Malaysian tycoon who has a net worth of $5 billion. Quek Leng Chan is the co-founder of Malaysia-based Hong Leong Group. Quek Leng Chanheads leads the conglomerate and gets the biggest part of his net worth from his equity stake. His attempt to take the company private in a $1.1 billion deal wasn't successful as shareholders chose to ask for a better price for the investment banking arm Hong Leong.
Apart from Guoco, which controls 14 listed companies, Leng Chan's other interests include financial services, property development and hotels across Southeast Asia. Furthermore, he holds a controlling share of massive Hong Leong Group with his Singaporean cousin, Kwek Leng Beng, and Kwek's family. Quek supervises the Malaysian operations of the group, whereas his cousin and fellow billionaire Kwek is responsible for the operations in Singapore. Apart from the above, he also inherited a fortune from his wealthy father, heritage that he shared with his two brothers.
