Kwek Leng Beng’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $3 billion | Forbes World's Billionaires List 2019 |
| 2020 | $2.5 billion | Forbes World's Billionaires List 2020 |
| 2021 | $3 billion | Forbes World's Billionaires List 2021 |
| 2022 | $2.8 billion | Forbes World's Billionaires List 2022 |
| 2023 | $3.3 billion | Forbes World's Billionaires List 2023 |
| 2024 | $3.4 billion | Forbes World's Billionaires List 2024 |
| 2025 | $3.7 billion | Forbes World's Billionaires List 2025 |
| 2026 | $3.9 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $3.8 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Kwek Leng Beng’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Kwek Leng Beng has an estimated net worth of $3.8 billion, according to Forbes Real-Time Billionaires, Kwek Leng Beng profile (figures as of October 20, 2026). That is up from $3 billion in 2019.
Kwek Leng Beng is a Singapore businessman who serves as executive chairman of Hong Leong Group and City Developments. Hong Leong Group was founded in 1941, and City Developments grew into one of Singapore's largest property developers under his leadership. He became widely known for turning City Developments into an international property and hotel player through big acquisitions, development projects, and an expanding presence outside Singapore.
His wealth is tied to a diversified business base built around property, hotels, and investments. City Developments expanded globally through deals that included The Gloucester in 1993 and New York's Millennium Hotel in 1994. In 1995, he and Prince Alwaleed Bin Talal Alsaud bought the Plaza Hotel in New York City. He later combined the hotel businesses into Millennium & Copthorne Hotels, which gained a primary London listing in 1996.
How Kwek Leng Beng makes money
Most of Kwek Leng Beng's fortune comes from his leadership roles at Hong Leong Group and City Developments. Hong Leong Group is a diversified conglomerate, while City Developments is a major property developer with assets in Singapore and overseas. Over time, City Developments added rental apartments across the UK, Japan, Australia and the US. Its business also includes hotels, giving Kwek exposure to both real estate ownership and hospitality income.
His career is closely tied to expansion through acquisitions and development. City Developments bought The Gloucester in London in 1993 and New York's Millennium Hotel in 1994. In 1995, Kwek partnered with Prince Alwaleed Bin Talal Alsaud on the Plaza Hotel deal in New York City. He also developed projects in Singapore such as King's Hotel in 1968, Republic Plaza in 1998, and The Sail @ Marina Bay in 2002.
Net worth and recent money moves
Forbes estimated Kwek Leng Beng's net worth at $3 billion in 2019, then $2.5 billion in 2020. It put him at $3 billion in 2021, $2.8 billion in 2022, $3.3 billion in 2023, $3.4 billion in 2024, and $3.7 billion in 2025. As of October 20, 2026, Forbes' real-time billionaires tracker valued him at $3.8 billion, showing a rise after several up and down years.
Some of those shifts happened alongside notable company events. In 2020, City Developments took a $1.8 billion write-down on its investment in China. Later, the group kept adding hospitality assets. In 2023, it opened The Singapore Edition, a 204-room luxury hotel managed by Marriott International. In 2024, City Developments acquired the Hilton Paris Opera Hotel for $260 million, adding another major hotel to its portfolio.
Career and money timeline
- 1968
He developed King's Hotel in Singapore.
- 1993
City Developments made its first European acquisition with The Gloucester in London.
- 1995
He joined Prince Alwaleed Bin Talal Alsaud in buying the Plaza Hotel.
- 1996
Millennium & Copthorne Hotels gained a primary listing in London.
- 1998
Republic Plaza opened in Singapore.
- 2002
City Developments developed The Sail @ Marina Bay.
- 2023
City Developments opened The Singapore Edition with 204 rooms.
Kwek Leng Beng net worth FAQ
What is Kwek Leng Beng's net worth?
Kwek Leng Beng's net worth is an estimated $3.8 billion, according to Forbes Real-Time Billionaires, Kwek Leng Beng profile (October 20, 2026). It is an estimate, not an official figure.
How did Kwek Leng Beng get so rich?
The main sources named in the reporting we cite are: Diversified.
Is Kwek Leng Beng a billionaire?
Yes. Forbes Real-Time Billionaires estimates Kwek Leng Beng is worth $3.8 billion.
How has Kwek Leng Beng's net worth changed?
The earliest published estimate we track is $3 billion (2019, Forbes World's Billionaires List 2019). The latest is $3.8 billion (October 20, 2026).
What companies is Kwek Leng Beng best known for?
He is best known as executive chairman of Hong Leong Group and City Developments. Those businesses span property, hotels, and other diversified interests.
What is Kwek Leng Beng's latest Forbes net worth?
Forbes' real-time billionaires tracker estimated his net worth at $3.8 billion as of October 20, 2026.
Sources
- Forbes Real-Time Billionaires, Kwek Leng Beng profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Kwek Leng Beng profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Kwek Leng Beng profile (April 7, 2020)
- Forbes World's Billionaires List 2021, Kwek Leng Beng profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Kwek Leng Beng profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Kwek Leng Beng profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Kwek Leng Beng profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Kwek Leng Beng profile (April 2025)
- Forbes World's Billionaires List 2026, Kwek Leng Beng profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Kwek Leng Beng (accessed October 22, 2026). Used for career facts only, never for figures.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.