What is Wee Cho Yaw's Net Worth?
Wee Cho Yaw is a businessman who has a net worth of $8.3 billion dollars which makes him the richest person in Singapore. Born in Singapore, Wee Cho Yaw grew up in a banking family. His father founded the United Overseas Bank in 1935, and Wee Cho Yaw became part of the Board of Directors of what was then known as the United Chinese Bank in 1958. He became Managing Director in 1960, and began to serve as CEO in 1974, when his father chose to retire.
He served as CEO until 2007, when he stepped down, and his son, Wee Ee Chong took over as CEO. In addition to his bank interests, he has also invested in significant amounts of land through Kheng Leong, and his family owns nearly 25% of Haw Par, the company that manufacturers the pain-relieving ointment, "Tiger Palm". He was awarded the Public Service Star by the government of Singapore in the early 70s, and an honorary doctorate by the University of Singapore in 2008.
