BillionaireNet
Tek
K
Rank #2127
SINGAPOREreal-estateReal estate

Kwee Liong Tek

Net Worth
$1.803B
0% (24h)
Kwee Liong Tek, a prominent figure in Singapore's real estate landscape, is the chairman emeritus of Pontiac Land Group, a privately held property developer. Born in 1946, Kwee's wealth source is primarily real estate, a legacy inherited from his father, Henry Kwee, who established the company in 1961. Kwee's career has been marked by significant achievements in developing luxury hotels and iconic office towers across Singapore, New York, Sydney, and the Maldives. His net worth, estimated at $1.7 billion as of 2024, reflects his successful ventures in the real estate industry. Kwee is also known for his investments in tech startups, including digital payment and blockchain technology companies.

The Full Dossier

Early Life

Kwee Liong Tek was born in Bandung, Indonesia, in 1946. His family emigrated to Singapore in 1958. He is the second son of Henry Kwee Hian Liong, an Indonesian textile trader and real estate developer who founded Pontiac Land Group in 1961. Kwee is one of four brothers who collectively run the group.

Rise to Success

Kwee, along with his three brothers, transformed Pontiac Land Group into a major player in the real estate market. Under his leadership, Pontiac Land Group developed a portfolio of luxury hotels and iconic office towers. The company's projects include the Ritz-Carlton Millenia, Conrad Centennial Singapore, and Capella Hotel in Singapore. They also expanded their ventures internationally, including a luxury tower in New York City and a resort complex in the Maldives. In 2017, the group acquired the Capella Hotel group.

Key Business Strategies

Pontiac Land's key strategy has been to focus on high-end properties and strategic investments in prime locations. The company has been known for its commitment to quality, design, and its integration of art within its properties. More recently, Kwee has been investing in technology startups, particularly those focused on digital payments and blockchain technology.

Philanthropy

The Kwee family supports various educational, arts, cultural, social, and humanitarian causes. Melissa Kwee, Kwee Liong Tek's daughter, is actively involved in philanthropic initiatives, and is the public face of the family's philanthropy.

Career Timeline

2024

Chairman Emeritus

Kwee Liong Tek became chairman emeritus of Pontiac Land Group.

2017

Acquired Capella Hotel Group

Pontiac Land acquired Capella Hotel Group, expanding its hospitality portfolio.

1961

Pontiac Land Group Founded

Henry Kwee, Kwee Liong Tek's father, founded Pontiac Land Group.

Philanthropic Impact

Education and CultureUndisclosed

Support for Educational and Cultural Causes

The Kwee family supports educational, arts and cultural, social, and humanitarian causes.

Wealth Trajectory