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................Billionaire Bios


Bio Number

0023


Walter


Thomas


Raymond

Name Raymond, Thomas & Walter Kwok (brothers)
Net Worth (11 Feb 2008) US$19.9 billion
Citizenship Hong Kong
Residence Hong Kong
Inherited / Self-made

Inherited

Industry Real estate
Source / Web Sun Hung Kai Properties
Occupation

Walter:
Chairman and CEO

(Sun Hung Kai Properties)

Thomas:
Shares control of
Sun Hung Kai Properties

Raymond:
Shares control of
Sun Hung Kai Properties

Trivia

Together they inherited Sun Hung Kai Properties, Hong Kong's largest real estate developer, in 1990 following their father's, Kwok Tak Seng's, death.

WALTER:
In 1997, Walter Kwok was allegedly kidnapped by the notorious gangster "Big Spender" Cheung Chi Keung, and was released seven days later without police intervention. Negotiations fronted by wife Wendy resulted payment of a ransom rumoured to have been in nine figures. Following his arrest in Guangzhou in 1998, Cheung confessed that he had put Kwok in a wooden container blindfolded for four days, and fed him regular meals of roast pork with rice, until the ransom of some HK$600 million was paid. The ransom in 1,000 dollar notes was packed inside 20 large carrier bags and driven in two Mercedes saloon cars to a quiet lane in Central district. After the kidnap, the badly shaken Walter handed over the executive duties of SHKP to his younger brothers while retaining the title of Chairman and Chief Executive.

Eldest brother, Walter, "temporarily" stepped down as chairman after disputing with his mother and two younger siblings over his unpopular long-term girlfriend.

Walter claims that Raymond and Thomas had him diagnosed as mentally ill (specifically, as bipolar) in order to get him out of the way, silencing his criticism of certain business decisions they want to push through.

Age / Date of Birth

Walter: 57yo. Born 1950.

Thomas: 56yo. Born 1951.

Raymond: 55yo. Born 1952.

Gender all Male
Education

Walter:
na

Thomas:
1. Master of Business Administration degree from London Business School, University of London
2. Bachelor's degree in Civil Engineering from Imperial College, University of London

Raymond:
1. Master of Arts degree in Law from Jesus College, Cambridge
2. Master of Business Administration degree from Harvard University
3. Honorary Doctorate degree in Business Administration from the Open University of Hong Kong
4. Honorary Doctorate degree in Laws from the Chinese University of Hong Kong.

Marital Status

Walter:
1. Married to Lydia Ku (1982-1982) ... only 6 months
2. Married to Wendy Lee (1983? - present)
Currently (2008) former girlfriend (mistress of 4 years), Ida Tong, is said to have become increasingly influential leading to business decisions by Walter which departed from his previous conservative model, and without the consensus of his brothers.

Thomas: na

Raymond: na

Children

Walter: na

Thomas: na

Raymond: na

Net Worth (2008) / Rankings $19.9 billion (Hong Kong #2; World #23)
Net Worth (2007) / Rankings $15.0 billion (Hong Kong #3)
Net Worth (2006) / Rankings $11.6 billion (Hong Kong #2)
Net Worth (2005) / Rankings $10.9 billion (Hong Kong #2)

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