Executive Chairman, Hong Leong Group Singapore; City Developments Limited; Millennium & Copthorne Hotels Limited
This billionaire businessman grew the family business into a formidable property developer
Kwek Leng Beng is the Executive Chairman of Hong Leong Group Singapore, a globally diversified company with gross assets exceeding S$50 billion. He also serves as Executive Chairman of City Developments Limited (CDL) and Millennium & Copthorne Hotels Limited, as well as Chairman and Managing Director of Hong Leong Finance Limited.
Under Kwek's leadership, Hong Leong Group has become a prominent player in real estate, hospitality, financial services, and trade & industry. He has significantly shaped Singapore's business landscape, particularly in real estate and hospitality. Many Singaporeans are familiar with the brands he has built, including City Developments Limited and Millennium Hotels and Resorts.
Kwek’s entrepreneurial spirit and willingness to take calculated risks have been key to the Group’s success. He grew CDL from a small company with just eight employees in 1963 to a leading global real estate firm with a presence in 163 locations across 29 countries. He also expanded Millennium Hotels and Resorts to operate over 145 hotels worldwide.
In addition to his business achievements, Kwek is committed to philanthropy. In November 2023, he launched his biography, Strictly Business: The Kwek Leng Beng Story, alongside a S$24 million donation to the Singapore Institute of Technology (SIT) for the establishment of the Kwek Leng Beng University Tower at its new campus in Punggol, which opened in September 2025. With a matching government grant, the total contribution amounts to S$60 million. He has also initiated bursaries and scholarships for SIT Hospitality Business undergraduates.
Kwek’s legacy extends beyond his remarkable business accomplishments; it includes his philanthropic leadership and impact on education. His commitment to fostering the next generation of hospitality leaders ensures that his influence will be felt for years to come, as he continues to inspire future entrepreneurs in Singapore and beyond. Through his efforts, Kwek advances the business landscape and invests in the community, demonstrating a profound dedication to social responsibility.
Impacted Industries
Real Estate & Hospitality
Awards
2018: Singapore Tatler Diamond Award
2017: Global Blue Ocean Shift Award (Global Entrepreneurship Community Summit)
2017: Lifetime Achievement Award (Asia Pacific Entrepreneurship Awards)
2015: SG50 Outstanding Chinese Business Pioneers Award (Singapore Chinese Chamber of Commerce and Industry)
Did You Know?
CDL was launched in a small, rented office in Amber Mansions in September 1963, staffed by only eight employees, to acquire, develop and sell property.
