Undoubtly, the most inspiring to us is the world
famous businessman, who is now a billionaire, crown with the Malaysia’s richest
man, 2nd richest man in South East Asia, and ranked 76th place in the Forbes’
list of the richest men of 2013, and given a nickname: “Sugar King”. Yes, he is
none other than Tan Sri Robert Kuok Hock Nien. Tan Sri Robert Kuok was born in
6th October 1923 in Johor Bahru, Malaysia. He started his carrer as a merchant
of sugar, wheat flour, and rice upon completed his study in Raffles Institution
in Singapore. Between the year 1942 to 1945, he served in Japanese Industrial
Conglomerate Mitsubishi’s Grain department. During the year of 1949, he founded
the Kuok Brothers Sdn Bhd to invest in sugar refineries only age 20+ years old
at that time. Soon after 1961, he successfully controlled 80% of sugar market
in Malaysia, and 10% of world sugar market. In the year 1971, Tan Sri Robert
Kuok established the first Shangri- La Hotel in Singapore. In the year of 1992,
Tan Sri Robert Kuok announced his retirement from Kerry Group, but it is a
retirement without rest where he still keep on managing the day to day
operation of his empire.
Tan Sri Robert Kuok married to his first wife, Xie Bi
Rong (Unknown English name, direct translate from chinese pin yin), and have 5
children with the first wife. But after the first wife passed on, Tan Sri
Robert Kuok married the second wife, Ho Poh Lin, and the couple have 3
children. The 5 out of 8 of Robert Kuok’s children all are holding key
positions in the Kuok group of companies. Tan Sri Robert Kuok’s eldest son,
Khoon Chen, take the executive chairman position replacing his younger
brother’s position in Shangri- La (Asia) due to the latter could not bear with
the high pressure and required to take a long leave to rest. Meanwhile, Tan Sri
Robert Kuok’s youngest son, Kuok Khoon Wah been placed as his private assistant
and follows the Tan Sri to go everywhere to meet important busnessmen. The
eldest daughter of Robert Kuok, Kuok Hui Kwong, in charge of the South China
Morning Post as Executive Director. Recently the youngest daughter of Tan Sri
Robert Kuok, Yen Kwong, founder and CEO of Guiltless International Limited,
joined in Kuok Group.
Tan Sri Robert Kuok currently is struggling to choose
his heritance for his empire as he has 8 children from 2 wives. But according
to Next Magazine, Tan Sri Robert Kuok placed more favour to his second wife’s
children. Although from what the article said, a unnamed fund manager for the
Kuok Foundation stated that during the Kuok’s family meeting, Tan Sri Robert
Kuok casually said that Kuok Khoon Hong, nephew of Tan Sri Robert Kuok, will be
the successor for his empire.
(by Foo Chi Hong)
Tan
Sri Robert Kuok Hock Nienhad inspired me as he is changing the world by founded
in Malayan sugar manufacturing company. His sugar manufacturing contribution produces
80% of sugar in Malaysia market and 10% of world's sugar market. He control
almost high percentage of sugar amount in Asia, that why Tan Sri Robert Kuok
Hock Nien got his nick name as the sugar king of Asia. He seeking the
opportunity and take the chance to contribute on sugar field while the time which
is only British people controlled for the trading and don't have any of Chinese
business man in the sector. He is one of the legends in Malaysia who bring the
proud to his country because of the sugar production contribution to the
worldwide. He is a clever person and always think from the perspective of
business man, he import the cheaper sugar from India as backup to wait for the
rising of sugar price, after that having natural disaster typhoon in Cuba hit
the plantation place which is the bigger sugar supplier to all the world. The
situation for that time is having lower supplier and higher demand. International
sugar price kept rising due to lack of sugar supplier to worldwide.Tan Sri
Robert Kuok Hock Nien wisely used this chance to sell all the sugar which stored
on last time. On that period, he had maximized his profit to the maximum. From
the status above, Tan Sri Robert Kuok Hock Nien hadhelped the world on
emergency period by supplying sugar to every country due to sugar is one of the
main side ingredient for cooking.
He
not only paid off his hard work on the sugar stage, he is also expanded his
opportunity to other industry such as animal feed, palm oil, mining, flour and
hotel business. The one most recognise hotel which is mostly known by everyone
is Shangri-La hotel. Tan Sri Robert Kuok Hock Nien had built
up his first Shangri-La hotel in Singapore and then slowly expanded the hotel
business to the worldwide which is having 71st hotel total.Besides that, he
also having separate investment in different country such as palm oil in
Singapore and having property based on the Hong Kong which is on top3 world's
most expensive cities after Monaco and UK, London. Hong Kong's TsimShaTsui is
top of attraction for local and foreign must visit places. Tan Sri Robert Kuok
Hock Nien buy a plot of land and newly reclaimed become TsimShaTsui East
waterfront where this is a place for him to build up their second Shangri-La
hotel business. Shangri-La 5stars luxury hotel have change the world by brings
the premium and enjoyable life to every guest who needs the best quality of
services which the hotels are provided. Tan Sri Robert Kuok Hock Nien said that
good opportunity is seldom presented and is easily lost. To become a successful
entrepreneur, you need to keep your eagle eyes, ready for a good opportunity
and seize it at a right time.
(by Lee Chia Ching)
Robert
Kuok is a very quick learner, when he is not has their sugar business he is a
helper of rice trading department, and he is learn about the trading business.
He is feel that the beside the rice and wheat granulated sugar was very
important in the food sector, and he also feel that when children threw tantrums
at night, you just had to give them some sugar to calm them, otherwise the
parents would not have the energy to work the next day, so they could set the
prices high, so Robert Kuok feel the sugar business could really make profits.
But in 1963, Robert Kuok became too bold, in May or June he took 100,000 until
200,000 tons of sugar in preparation for the futures market. At that period he
understand, if the country became shortage of sugar they will be a change to
earn more and more profit. Robert Kuok when he is young he can speak English,
The businessmen in London and New York were curious that he is a young Chinese,
but he can speak a good English, so he was easy to approach them.
Not
only for the sugar the hotel he also become a famous brand name around the
world, Robert Kuok feel that the China will have the world’s most prosperous
tourism industry because China has many historical relics and sites. These idea
his came out is when he first went travel in China but he feel the facilities,
especially toilet, were very poor, and China was unable to attract
international tourists, so Robert Kuok feel that the China’s tourism industry
must be developed, so he must help them develop. In 1984 years, when Chang’anAvenue
in Beijing was about to see huge changes. Mr. Kuok and the ministry of foreign
trade invested US 500 million to build the China World Trade Center.
Robert
Kuok become a monopoly in sugar production space of Malaysia producing 80% of
Malaysia’s sugar and 10% of world’s sugar. That’s precisely how Mr. Kuok got
his nick name, that is “ the Sugar King of Asia” Naturally, this ambitious and
immensely clever business did not just stop at that. He started a chain of
hotels, the famous “Shangri-la” which is now spread out through the world and
is all set to open its 71st hotel. Not only Mr. Kuok has sugar and
hotel business, he also got bread-MASSIMO brand, oil-Sari Murni brand, even
Golden Screen Cinemas also is his business. All of the business he has is got
related and his business more focus on the product or service we are needed,
the consumer can’t live without the necessary product. Robert Kuok also has
help the people and their employee, because he has their own plan and strategy,
when the company treat their employee good, give them a good benefit, then the
employee will more effectiveness, then the consumer will satisfaction, the
profit the company can earn sure will increase.
(by Khor Yeow Ping)
Tan
Sri Robert Kuok Hock Nien, he claims he began in business as an office boyafter
that he started a business with relatives support. Upon graduation, he worked
as a clerk in the rice trading department of Japanese industrial conglomerate
Mitsubishi Shoji Kaisha between 1942 and 1945. In Singapore, a conglomerate
which with the help of Japanese military unit monopolized the rice trade in
Malaya during the occupation period. He was soon promoted to head the rice
trading department. After the war, he took the skills he learned from the
Japanese and back to his family business in Johor. Tan Sri Robert Kuok Hock
Nien senior died in 1948 and he with his two brothers and a cousin Kuok Hock
Chinfounded Kuok Brothers SdnBhd in 1949 with trading agricultural commodities.
In 1949, he formed Malayan Sugar Manufacturing Co. Bhd together with two
prominent Japanese partners and he also brought many influential Malay elite
into his company as director and shareholder which include UMNO politician and
Malay royalty. In 1961, he made a coup by buying a cheap sugar from India
before the sugar prices shot up and he also continued to invest highly in sugar
refineries. Tan Sri Robert Kuok Hock Nien controlled 80% of the Malaysia sugar
market with production of 1.5 million tonnes which equivalent to 10% of world
production so that he earned his nickname “Sugar King of Asia”. Tan Sri Robert
Kuok Hock Nien companies have investments in many countries which is Singapore,
the Philippines, Thailand, Mainland China, Indonesia, Fiji and Australia. His
business in China include 10 bottling companies for Coca Cola, and he also
ownership of the Beijing World Trade Centre.
Tan
Sri Robert Kuok Hock Nien is the richest person in Malaysia, he exited the
media business in December 2015 when he sold Hong Kong South China Morning Post
to Alibaba for $265million and he had purchased a 35% stake in the now
112-year-old newspaper from Rupert Murdoch in 1993. The deal also included the
Hong Kong editions of Esquire, Elle, Cosmopolitan, Harper’s Bazzar and other
titles. The Chinese Malaysian tycoon’s Kuok group controls an empire the
high-end hotel chain Shangri-La, Kerry Properties and commodities trader
Wilmar. Tan Sri Robert Kuok Hock Nien starts trading rice, sugar and wheat
flour in Malaysia in 1949 and in Singapore 1953. A big source of his wealth is
stake in palm oil giant WilmarInternational, which is run by his nephew Kuok
Khoon Hong a Singapore billionaire. His political influence is attested by his
having selected as one of the Hong Kong Affairs Advisors in the run up to the
transfer of sovereignty of Hong Kong and his minority stake in CITIC Pacific.
He was also an instrumental in conveying information and setting up the meeting
between Malaysia and China governments to leading full diplomatic cross
recognition of the two countries. In February 2014, Kuok’s Singapore based oil services company PACC Offshore Services Holding (POSH)
started pre-IPO talks with investors to list on the Singapore Stock Exchange to
raise $400 million.
(by Lai Jordon)
Cheers!! Have a nice day