Ong Beng Seng

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Yang Berbahagia Dato'

Ong Beng Seng
BornJanuary 1946 (age 75–76)
Malaysia
NationalityMalaysian, Singapore-PR
OccupationBusinessman
Spouse(s)Christina Ong
Children2

Dato' Ong Beng Seng (Chinese: 王明星; pinyin: Wáng Míng Xīng born January 1946) is a Singapore-based Malaysian billionaire businessman and husband of Christina Ong. He is the founder of the Singapore-based organisation Hotel Properties, and a shareholder in many businesses. Forbes estimates the net worth of Ong and his wife at $1.8 billion (as of July 2014), making them the 15th richest people in Singapore.[2]

Early life[]

Ong was born in January 1946,[3] in Malaysia. When he was four years old, his family relocated to Singapore. His career began when he joined an insurance firm for ships. In 1975, he joined , founded by businessman Peter Fu Yun Siak and there he met his later-to-be spouse, Christina.[4]

Career[]

After beginning his trading career at Kuo International, Ong went on to found his own firm, . Today, he controls many businesses, including a few based in Bond Street in London, and his investments are worth tens of millions of dollars.[4] He is a well-established hotelier, having bought and built many hotels worldwide.[4] Ong is credited as one among the few who brought the Singapore Grand Prix to the country, the first Formula One night race.[5]

Personal life[]

A "glitzy figure in Singapore and abroad",[4] Ong is married to Christina Ong (née Fu), the daughter of a businessman. They have two children, a daughter and a son.[4] Ong was described by Hilary Clarke of The Independent as "media shy" and "notoriously secretive".[4] Despite that, he is known to be well-acquainted with many Hollywood celebrities.[4]

Wealth[]

Ong's business approach is to "[buy when rents and properties are cheap and sell when they are not."[4] As of July 2012, the Ong family, comprising Ong and his wife, is worth $1.6 billion, based on estimates by Forbes, making the couple Singapore's 10th richest persons.[6]

References[]

  1. ^ "Ong Beng Seng and Christina Ong". Forbes.com. Retrieved 13 May 2017.
  2. ^ Forbes, "Singapore's 50 Richest: #15 Ong Beng Seng & Christina Ong"
  3. ^ "Ong Beng Seng ONG - Personal Appointments (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 13 May 2017.
  4. ^ a b c d e f g h Clarke, Hilary (29 March 1998). "Profile: Beng Seng and Christina Ong: Asian pair sell west, buy east". The Independent.
  5. ^ "Archived copy". Archived from the original on 24 January 2012. Retrieved 5 June 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ^ "Ong Beng Seng & Christina Ong". Forbes. Retrieved 4 June 2013.
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