BillionaireNet
Kum
Michael Kum
Rank #2907
SINGAPOREServiceHotels

Michael Kum

Net Worth
$1.162B
0% (24h)
Michael Kum, born in Singapore in 1945, is a prominent figure in the real estate and hospitality industries. With a current net worth of $1.1 billion, Kum's wealth stems primarily from his ownership of numerous hotels through M&L Hospitality. His career began in the finance and maritime sectors before transitioning into hospitality, where he built a significant empire with properties across multiple countries. Kum is known for his strategic vision, hands-on approach, and commitment to excellence in business. He is also recognized for his philanthropic efforts, particularly in education and community support. Mr. Kum is currently ranked #2900 in the world among billionaires.

The Full Dossier

Early Life

Michael Kum Soh Har was born in Singapore in 1945 to parents who were hawkers. Growing up in a modest environment, he learned the value of hard work and perseverance. He pursued his education, earning a Certificate in Higher Commercial Law and Cost Accounting from the London Chamber of Commerce in 1966.

Rise to Success

Kum began his career in 1969 as the Finance and Administration Manager for Marine Charters (Singapore) Pte Ltd. In 1976, he co-founded Offshore Equipment Pte Ltd, which chartered offshore support vessels and barges in the Middle East and Southeast Asia. Under his leadership, the company grew significantly. In 2009, Kum set up Grandline International Limited to focus on real estate hospitality investments. This marked his entry into the hotel industry. His company M&L Hospitality owns 12 properties across five countries. In June 2025, he acquired Hotel Maria in Helsinki, Finland, which will be rebranded as Waldorf Astoria Helsinki and managed by Hilton.

Key Business Strategies

Kum's key business strategies involve a hands-on approach. His formula for hotel acquisitions focuses on central business districts and locations near train stations and airports. He has shown a willingness to sell properties when it makes strategic sense. Kum’s M&L Hospitality also focuses on acquiring and developing properties in key markets with a view to expanding their empire.

Philanthropy

Michael Kum is a strong advocate for education and has established scholarships to support students from disadvantaged backgrounds. He is a recipient of the Public Service Medal (PBM) from the Singapore government for his contributions to the community.

Career Timeline

2025

Acquired Hotel Maria

Acquired a hotel in Helsinki, Finland, to be rebranded as Waldorf Astoria Helsinki.

2009

Founded Grandline International Limited

Focused on real estate hospitality investments, which led to the creation of M&L Hospitality.

1976

Co-founded Offshore Equipment Pte Ltd

Chartered offshore support vessels and barges in the Middle East and Southeast Asia.

1969

Finance and Administration Manager

Began his career at Marine Charters (Singapore) Pte Ltd.

Philanthropic Impact

EducationUnknown

Scholarships

Established scholarships to support students from disadvantaged backgrounds.

Elderly Care$100K - $249,999

Lions Home for the Elders and Lions Befrienders

M&L Hospitality contributed to Lions Home for the Elders.

Wealth Trajectory