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Determination and Perseverance

Many people went against him when he first started his sugar business, deeming it as a boring industry. But Kuok saw it as a golden opportunity grabbed it immediately. That bold move made him the richest man in Malaysia today.

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Daring and Right Attitude

Keeping an open mind to every opportunity, he was never afraid to collaborate with the rest of the world and seized every opportunity from home and abroad unlike the conservative eastern businessmen those days.

Open-minded and Versatile

Kuok had tried his hand in not only in sugar-cane business but also in oil, mining, flour, hotels, freight, publishing and animal feed business that helped him flourish.

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See all the wonderful things Richard Jong has made

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One Good Lesson Sugar King: Don't forget our root.

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One Good Lesson Sugar King: Don't forget our root.

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People grow and people change from time to time. We develop ourselves through many experiences. One day we will change for sure, but there are also things that will always there without any changes, our roots. Don't forget ur lovely mom who trying her very best to keep u warm and tummy full. She is the one who stays up late by ur bed just to ensure u sleep well because u were having a fever . She is the one who always wakes u up and prepares ur breakfast, just to make sure u have ur tummy filled to go to school. Don't forget those who helped u when u were in the hardship, cherish every help from others even though u don't know them. With this, the same goes for a successful entrepreneur.  Encouragement and inspiration from his Mother especially in cultivating strong moral values like honesty, generosity, humility, gratitude, and concern for the welfare of others.

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Robert Kuok Hock Nien's notes on the past sixty years

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Robert Kuok Hock Nien's notes on the past sixty years

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My brothers and I owe our upbringing completely to Mother. She was steeped in Ru-Jiao, the teachings of Confucius, Mencius, Laozi and other Chinese sages. Ru-Jiao teaches the correct behaviour for a human being on his life on earth. Mother gently, and sometimes strongly, drummed into the minds of her three boys the values of honesty, of never cheating, lying, stealing or envying other people their material wealth or physical attributes .
(Rupert)

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Strong belief not just in the adage “Failure breeds success” but also its opposite, “Success often breeds failure”, simply because success can get into your head and cause you to become arrogant, complacent as well as careless and subsequently, to let your guard down.
(Vong Ming Chang)

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Cultivate your assets and make them work to your advantage. Always keep track where you put your money, and how much they grow!  Robert Kuok is worth USD 11.8 billion. He has businesses in various industries including sugar, palm oil, shipping, and real property.
(Yew Chow Seng)

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(Wee Kai Zhi)

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Three years involving himself in the rise trading department, make him learned about the trading business. It was not easy to establish the business due to rational decisions he started to a chain of hostel through the world without having any fear of taking any risk just to be a successful man.
(Tang Jie Jie)

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Mr. Robert Kuok gives hope to nest young generations. He provides thousands of scholarships throughout the Malaysian students, which gave hope to the future of our country. He always encourages our young generation to do the best of them in order to achieve their own life 's goals.
(Ee Min Jie)

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Robert Kuok/郭鹤年 Interview(With English Subtitles Included)

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Robert Kuok/郭鹤年 Interview(With English Subtitles Included)

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Determination and Perseverance
Many people went against him when he first started his sugar business, deeming it as a boring industry. But Kuok saw it as a golden opportunity grabbed it immediately. That bold move made him the richest man in Malaysia today.

“He’s so vital, so active and continues to be so personally powerful,” says Timothy Dattels, a director of Kuok’s Hong Kong-listed Shangri-La Asia Ltd.

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News:Robert Kuok still rooted to Malaysia despite spending 40 years in Hong Kong

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News:Robert Kuok still rooted to Malaysia despite spending 40 years in Hong Kong

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THERE is a bit of a romantic streak in South-east Asia's richest man, it seems.

Four decades ago, Tan Sri Robert Kuok decamped Malaysia for Hong Kong.

The ostensible reason: lower taxes in Hong Kong. What some say: a fierce dislike of Malaysia's controversial New Economic Policy favouring the bumiputeras and the resulting cronyism.

Whatever his reasons, Kuok says of the country in which he was born: "I haven't lost my affection for Malaysia."

In a telephone interview with The Straits Times on Tuesday, the tycoon elaborated on his donation of RM100mil to build Xiamen University's first overseas campus in Salak Tinggi, Selangor.

The largess was announced last week during a lunch with Chinese President Xi Jinping when the latter visited Malaysia.

"It is a gesture of appreciation. I only wish Malaysia well," said Kuok.

The magnate is known for being averse to media interviews and had not granted one to the international media for 16 years, barring one to Bloomberg in January this year.

He may have marked his 90th birthday on Sunday, but showed little signs of his age except for some impact on his hearing.

Asked about succession plans for his HK$300bil (RM123.8bil) conglomerate Kuok Group, Kuok firmly insisted that it was a "private matter - a family matter, a company matter".

"I will not poke my nose into other families' (businesses), and I hope they won't poke their noses into mine," he said.

It was an acerbic retort to a recent cover story by Hong Kong's Chinese-language Next magazine, which speculated that five of Kuok's eight children were jockeying to take over the helm.

Unlike peers such as Li Ka Shing, Kuok has yet to announce who will head his empire, which includes three listed enterprises - Kerry Properties encompassing the Shangri-La chain of hotels, the SCMP Group which runs the South China Morning Post and Singapore-listed Wilmar International, the world's biggest processor of palm oil.

Further incurring his ire was the magazine's allusion to an "open secret" that Kuok - who is twice married - has a third family in Shanghai.

"I (only) wish that journalists who write those articles can find me a third wife!" he said irritably.

On whether he would take any legal action against the periodical, he said: "Those are filthy productions, and if you want me to dive into dirty drains (with them), I hope I'm not that stupid."

Kuok was more forthcoming in talking about the ties that continue to bind him to his home country.

"Our family enjoyed relative success due to the benevolence of the host country where my parents settled," he said. Immigrants from Fujian, they ran a shop in Johor Baru selling rice, sugar and flour.

When Kuok senior died in 1948, the then 25-year-old Robert established Kuok Brothers with his brother and other family members. Its success would eventually earn him the moniker "Sugar King".

Kuok, who was educated at Raffles College where he was classmates with Lee Kuan Yew, later moved his base to Singapore.

Tracing those years, he said: "We were minnows in the pond, then we entered the lake where we grew to five to 10 pounds."

By 1960, he was trading sugar and rice with China, skilfully navigating any political turbulence.

"Later, the ocean - Hong Kong and China - attracted my attention and so the fish could become even larger," he said.

His focus today is on China's economic development, "instead of interfering in the politics of China", he said, in apparent allusion to critics who say he is too cosy with Beijing leadership.

Staff from the SCMP for instance, have complained that under Kuok ownership, the paper censors stories it thinks the Chinese government would not like.

But, he said, like the giant leather-backed turtles of Terengganu which return to the same sandy beaches every year to lay their eggs, he feels the primal tug of home.

"Roots are roots, except that my other root is the root of my parents - and that is China. I am twin-rooted."

Asked about the sense of discrimination among the Chinese in Malaysia, Kuok demurred, saying: "This will lead only to highly controversial statements, which is not good for anybody. One must never hurt those Chinese who are living in Malaysia, never be the cause of any kind of inter-racial hostility.

"We all feel it, but there may come a day, with the proper platform (do we then talk about it).

"What's most important is the timing."

And the present is not the right time? The man laughed: "Certainly not this morning, to a journalist!" - ANN/Straits Times

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Robert Kuok still rooted to Malaysia despite spending 40 years in Hong Kong - Nation | The Star Online

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THERE is a bit of a romantic streak in South-east Asia's richest man, it seems. Four decades ago, Tan Sri Robert Kuok decamped Malaysia for Hong Kong. The ostensible reason: lower taxes in Hong Kong. What some say: a fierce dislike of Malaysia's controversial New Economic Policy favouring the bumiputeras and the resulting cronyism.

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BESTSELLER BOOK ABOUT ROBERT KUOK BY TAN YAN FONG

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BESTSELLER BOOK ABOUT ROBERT KUOK BY TAN YAN FONG

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Robert’s philosophy in business can be summed up into four words: work hard, work smart. From a very young age, Robert has not only learned the value of diligence and hard work, but he has also discovered that it takes brains to become successful in the business world, and life in general.

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Billionaire Kuok Says His Empire Can Last ’Generations’

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Billionaire Kuok Says His Empire Can Last ’Generations’

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One of Kuok’s companies, Singapore-listed Wilmar International Ltd., is the world’s biggest processor of palm oil and eighth-biggest sugar producer.

Others operate shipping and logistics businesses, a property portfolio stretching from Paris to Sydney and East Asia’s most influential English-language newspaper, the Hong Kong-based South China Morning Post.

Through the unlisted family-owned holding company, Kerry Group Ltd., which he chairs, Kuok controls listed enterprises with a total market value of about $40 billion.

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When billionaire Robert Kuok introduced a luxury hotel brand in 1971, he named it Shangri-La, after the fictional utopia in which inhabitants enjoy unheard-of longevity.

Ensconced in his executive suite 32 floors above Hong Kong's Victoria Harbor -- the room decorated with a pair of elephant tusks gifted by the late Tunku Abdul Rahman, the first prime minister of Malaysia -- the world's 38th-richest person appears to have defied the aging process himself.

Kuok had accumulated a fortune of $19.4 billion as of Jan. 31, according to the Bloomberg Billionaires Index. Trim, dapper and straight backed at 89, he shows no signs of stopping there, Bloomberg Markets magazine will report in its March issue.

This year, the media-shy Malaysian-born magnate will likely open his 71st sumptuously appointed Shangri-La. Six of them are scheduled to be opened in the third quarter alone, including one perched in the Shard, the 72-story London skyscraper that's the tallest office building in Western Europe.

Meanwhile, the public and private companies his family controls continue to pump money into his ancestral homeland, China, where his investments range from Beijing's tallest building to cooking oil brands that have gained a 50 percent market share in the world's most populous nation.

'Personally Powerful'

One of Kuok's companies, Singapore-listed Wilmar International Ltd., is the world's biggest processor of palm oil and eighth-biggest sugar producer.

Others operate shipping and logistics businesses, a property portfolio stretching from Paris to Sydney and East Asia's most influential English-language newspaper, the Hong Kong-based South China Morning Post.

"He's so vital, so active and continues to be so personally powerful," says Timothy Dattels, San Francisco-based senior partner at U.S. buyout firm TPG Capital LP and a director of Kuok's Hong Kong-listed Shangri-La Asia Ltd. "I can't imagine a day without him at the top."

Others can, which is why the question of succession looms over the Kuok empire as the patriarch prepares to mark his 90th birthday in October.

Through the unlisted family-owned holding company, Kerry Group Ltd., which he chairs, Kuok controls listed enterprises with a total market value of about $40 billion.

As it stands, the family enterprises are seeking to recover from a rocky 2012 that featured some sharp share-price and profit drops.

First Interview

In his first interview with Western news media in 16 years, Kuok, who has eight children and numerous other relatives sprinkled through his executive ranks, says he won't be worried when that day eventually comes.

"Everything on earth is dynamic," he says in perfectly enunciated English. "I can only give my children a message, not money. If they follow it, we can go another three or four generations."

Relatives run the most important of the Kuok businesses.

Kuok's second son, Kuok Khoon Ean, 57, heads Shangri-La Asia, of which the family owns 50 percent.

A nephew, Kuok Khoon Hong, 63, co-founded and chairs Wilmar International, the largest Kuok-controlled company, with a market value of almost $20 billion, in which the Kuok family controls a 32 percent stake.

A daughter, Kuok Hui Kwong, 35, is executive director of SCMP Group Ltd., publisher of the 109-year-old South China Morning Post, which Kuok took control of in 1993, when he paid Rupert Murdoch's News Corp. $349 million for a 35 percent stake.

Focus Attention

As to who will succeed the master, most investors in Kuok enterprises focus attention on his eldest son, Kuok Khoon Chen, 58, who's known as Beau.

Robert declined to confirm that Beau, who is deputy chairman of Kerry Group, will succeed him.

"Newshounds like excitement in their stories, whereas leadership of a business group is always a serious matter, and it would be wrong to put in writing any kind of assumption," Kuok wrote in an e-mail following the interview.

Beau, who's worked in his father's businesses since 1978, is chairman of Kerry Properties Ltd. The firm, 55 percent owned by Kerry Group, develops luxury apartments, shopping malls and offices mostly in China and Hong Kong.

"I know Beau, and he has a good team," says Peter Churchouse, founder of Hong Kong-based property investor Portwood Capital Ltd. "But you have to wonder whether the second and third generations have the entrepreneurial and trading instincts that the father has."

'China Watcher'

The father's instincts were honed over decades of personal and historical turbulence inconceivable to the generation vying to take over the family business.

That experience helped him become one of the first -- and best-connected -- foreign investors in China following Mao Zedong's communist revolution.

"Robert is the best China watcher in the business," says Simon Murray, chairman of Glencore International Plc, the world's biggest commodities-trading company. "He understands the steel backbone of the Communist Party, but while other Hong Kong tycoons tend to be hugely subservient to Beijing, he is in no way obsequious."

For all of Kuok's prowess, 2012 was a tumultuous year for investors in his enterprises.

While Kerry Properties stock surged 57 percent in Hong Kong last year -- more than double the increase in the Hang Seng Index -- Wilmar International's shares plummeted 33 percent, making it the worst performer in Singapore's Straits Times Index.

'A Fraction'

The plunge wiped the equivalent of more than $8 billion from the company's market value -- and almost $3 billion from the family's fortune. This year, Wilmar's share price has rebounded, rising 14 percent in January.

In any event, Kuok disputes Bloomberg's valuation of his personal wealth at $19.4 billion; he says it's "a fraction" of that amount, though he does not volunteer an alternative figure.

Wilmar's woes stem from its massive exposure to China, where its cooking oil brands -- led by Jin Long Yu, meaning Golden Dragon Fish -- grease half the country's woks and where it gets 48 percent of its revenue.

Beijing limited price increases on edible oils during most of 2011 and part of 2012, Wilmar said at the time.

Furthermore, the rising cost of soybeans, which Wilmar uses to produce cooking oil, hit a record $17.89 a bushel in September, squeezing earnings.

Rough Ride

In the first nine months of 2012, profit fell 29 percent to $779 million from $1.1 billion a year earlier.

Kuok's Hong Kong-based companies have had a rough ride since the global financial crisis.

As of Jan. 31, Shangri-La Asia and Kerry properties shares were both down 19 percent compared with a 1 percent increase in the Hang Seng Index. Asked about such underperformance, Kuok says enigmatically, "It is right and proper for the investor to like or dislike a share."

Underperformance isn't the only problem at SCMP Group, whose share price had declined 69 percent as of Jan. 30 since Kuok acquired it. In 19 years, the South China Morning Post has churned through 11 editors, including one who served twice.

And although Kuok says his news executives publish without fear or favor, present and former staff members have publicly complained that the paper sometimes self-censors stories it thinks the Chinese government wouldn't like.

'Toned Down'

"Under his ownership, criticism of China has been toned down," says David Plott, managing editor of Global Asia, a Seoul-based quarterly. "And if you look at the turnover of editors, it tells you one of two things: either Robert Kuok doesn't know what he wants or he knows what he wants and he hasn't gotten it."

If that's true, it might be a first for Kuok, whose life story has been one of single-minded achievement.

The son of Chinese immigrants who had settled in British-controlled Malaya, Robert Kuok Hock Nien -- his full name -- grew up speaking his parents' Chinese Fuzhou dialect, English and even Japanese during Japan's wartime occupation of the region.

Significantly, given the role China would play in Robert's life, his mother encouraged him to achieve fluency in Mandarin and embrace his Chinese heritage.

Kuok's parents ran a shop that sold rice, sugar and flour. Kuok recalls living with the smell of his addicted father's opium pipe in his nostrils.

Family Business

Still, there was enough money for Robert to progress from a local English school to Raffles College in Singapore, where fellow students included Lee Kuan Yew, later the founder of modern Singapore.

Kuok never finished his studies. In 1941, Japanese troops stormed through the Malay Peninsula and in February 1942 captured Singapore. Kuok took a job with Mitsubishi Corp. With Japan's defeat in 1945, his family resumed doing business under the British.

In 1949, after his father died, Robert; a brother, Philip; and other relatives founded Kuok Bros. Sdn., which later specialized in sugar refining.

Philip went on to become a Malaysian diplomat, and a second, much-admired brother, William, took an entirely different path again by joining the communist revolt against colonial rule. In 1953, William Kuok was killed by British troops in a jungle ambush.

Furtive Rendezvous

Robert Kuok, by contrast, used his English-language skills on visits to London to learn the sugar business while remaining based in Malaysia and later Singapore.

During the Cold War, he traded with both Western and communist blocs, meeting Cuba's Fidel Castro and doing business with China's Mao from as early as 1959.

In 1973, with China in the grip of the Cultural Revolution, Kuok was summoned to Hong Kong for a furtive rendezvous with two of Mao's trade officials.

They confided that China was facing a sugar shortage. Kuok stepped into the breach, transferring his headquarters to Hong Kong that year.

It was a prescient move. In 1976, Mao died, and in 1978, Deng Xiaoping tore down the so-called Bamboo Curtain, initiating reforms that sparked 34 years of surging economic growth.

In 1984, Kuok opened his first Shangri-La on the mainland. The following year, he partnered with China's foreign trade ministry to begin building the China World Trade Center in Beijing.

Enduring Mystery

In 1988, at his nephew Khoon Hong's suggestion, he branched out into edible oils. By 1993, Coca-Cola Co. was impressed enough with Kuok's China connections to form a bottling joint venture with him.

That lasted until 2008, when Coke bought back Kerry Group's stake for an undisclosed amount, both companies pronouncing the outcome a success.

The family's history of that period harbors an enduring mystery: a 16-year parting of the ways between Robert and Khoon Hong, who in 1991 left the Kuok Group to set up Wilmar with Indonesian entrepreneur Martua Sitorus.

It wasn't until 2007 that Robert acquired a 32 percent stake in Wilmar and injected most of his agribusiness into it. Neither Robert nor his nephew would discuss the split.

For all his triumphs in the capitalist world, Robert Kuok says the biggest influences on his life were his devoutly Buddhist mother and his communist revolutionary brother, William.

'Good Boys'

"Otherwise, probably I would have been an arrogant middle-class Chinese, only caring about materialism, worldly pleasures and fleshpot pleasures," Kuok says, his moist eyes betraying a momentary sadness. "When I am tempted, I think of what William went through. He sacrificed his life trying to help the underprivileged."

Kuok says he has tried to pass on those values by not cocooning his children in privilege. Nor, he adds, does he place much emphasis on scholastic qualifications, including MBA degrees, when hiring senior staff.

Beau Kuok earned a bachelor's degree in economics from Monash University in Melbourne; Ean holds a similar qualification from the University of Nottingham in England. Kuok describes Beau and Ean as "good boys."

Among members of the extended family, Kuok speaks highly of Khoon Hong, his nephew at Wilmar.

'Stupid Ones'

"There are stupid ones, there are mean ones, but he's one of the cleverest," Robert Kuok says. None of the second-generation Kuoks would comment for this article. Kuok says they make their own decisions. "I never control my children," he says. "We are a very liberal, democratic family."

The perils of succession are acute in Kuok's bailiwick, according to researchers at the Chinese University of Hong Kong.

Their study of 250 family-controlled businesses in Hong Kong, Singapore and Taiwan from 1987 to 2005 shows that stocks typically plunged 60 percent over an eight-year period before, during and after a founder's relinquishing control.

Joseph Fan, the finance professor who led the research, attributes this wealth destruction to the inability of the patriarch to pass on, even to family members, his most valuable, intangible assets, including relationships with governments and banks. "The founder is the key asset," Fan says.

That's why, Fan says, so many tycoons remain at the helm of their businesses well into their 80s and don't disclose succession plans.

Octogenarian Rivals

Last year, following investor concerns over feuds that have split the second generation of some of Hong Kong's most prominent families, two of Kuok's octogenarian billionaire rivals in the property business, Li Ka-shing of Cheung Kong Holdings Ltd. and Lee Shau-kee of Henderson Land Development Co., finally disclosed which of their progeny would eventually take control.

TPG Capital's Dattels says succession isn't a concern when it comes to the Kuok businesses.

"There's only one Robert Kuok, there's no doubt," he says. "But he has instilled his business philosophy deep into the family. With what he has built, they are well set to continue, whatever happens."

Back at his Hong Kong headquarters, Kuok asks an assistant to bring him a favorite quotation. Written by his mother in Chinese and engraved on a steel plate, the aphorism reads:

"If my children and grandchildren can be like me, then they don't require material inheritance. But if they are not like me, then of what use is my wealth to them?"

Those words beg the question investors in Kuok's far-flung businesses are asking now more than ever: How like Robert Kuok are his heirs?

With assistance from Shiyin Chen, Haslinda Amin and Netty Ismail in Singapore, Debra Mao in Taipei and Kelvin Wong in Hong Kong.

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Billionaire Kuok Says His Empire Can Last 'Generations'

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When billionaire Robert Kuok introduced a luxury hotel brand in 1971, he named it Shangri-La, after the fictional utopia in which inhabitants enjoy unheard-of longevity. Ensconced in his executive suite 32 floors above Hong Kong's Victoria Harbor -- the room decorated with a pair of elephant tusks gifted by the late Tunku Abdul Rahman, the first prime minister of Malaysia -- the world's 38th-richest person appears to have defied the aging process himself.

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Robert Kuok ,the Malaysia billionaire is a self-made industrialists who rule the business world, a living legend. Robert Kuok,93, had tries his hand in sugar-cane,oil, mining, flour,hotels,publishing and animal feed businesses.

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Chinese name 郭鹤年. According to Forbes, his net worth is estimated at $11.3billion on march 2016, making him the richest man in Malaysia.

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Voon Ming Chang
Jong Soon Seng
Tiong Wei Yuen
Rupert Wong Liang Hao
Tang Jie Jie
Ee Min Jie
Tay Lee Chee
Yew Chow Seng
Eng Yee Wei
Wee Kai Zhi