Oei Hong Leong

Oei Hong Leong is the chairman of Chip Lian Investments, the Oei Hong Leong Foundation and the Nei Xue Tang Museum. Worth an estimated US$1.9 billion, the son of the late Chinese-Indonesian business magnate Eka Tjipta Widjaja, who co-founded Indonesian conglomerate Sinar Mas Group, made his fortune in real estate and corporate bonds.

Chip Lian has substantial investments in a number of listed Southeast Asian companies, including United Industrial Corporation, Jurong Engineering and NatSteel.

In 2017, he made a S$6.7 billion investment to start data centre company One Belt One Net, with the money used to set up the data centres, obtain equipment, develop software, and hire and train employees with a view to positioning Singapore as an IT and investment hub. In 2022, Oei, together with fellow Singapore businessman Sam Goi Seng Hui, invested S$19.5 million into mm2 Asia, a media production company. That same year, he acquired a 20 per cent stake in printing and recycling specialist A-Smart Holdings for S$5.37 million, making him a substantial shareholder.

He sold his entire stake in Raffles Education in 2021 after a dispute with its founder.

In 2020, Oei joined his younger brother, Frankle Widjaja, chairman and CEO of Bund Center Investment, to make a combined S$1 million donation to establish two scholarships to nurture promising clinicians, faculty members, nurses and allied health professionals at SingHealth Duke-NUS Academic Medical Centre.

An avid collector of Buddhist art, Oei owns the Nei Xue Tang Museum of Buddhist and Chinese historical art, a private museum in Singapore that is said to hold over 50,000 items.

He is married with four children.