Kuok hui kwong biography books

Demand for luxury tourism and hospitality is expected to grow faster than for any other industry segment. This growth is being powered in part by a sharp rise in the number of individuals globally with net worths between $1 million and $30 million. But it’s also resulting from a large and expanding base of aspiring luxury travelers with net worths between $100,000 and $1 million, many of whom are younger and increasingly willing to spend larger shares of their wealth on upscale travel options (Exhibit 1).

We dug deeper into this ongoing evolution by surveying luxury travelers (defined here as those who spend, on average, $500 or more per night on lodging) to inquire about their preferences, plans, and expectations. Our survey of more than 5,000 luxury travelers was in the field in February and March of this year. The respondent pool included travelers from five major, representative source markets: China, Germany, the Un

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Robert Kuok

Malaysian billionaire business magnate (born 1923)

In this Chinese name, the family name is Kuok.

Robert Kuok Hock Nien, better known as Robert Kuok,^[a] (born 6 October 1923) is a Malaysian business magnate, investor and philanthropist based in Hong Kong since 1973.^[2] According to Forbes, his net worth is estimated at $11.8 billion as of April 2023,^[3] making him the wealthiest Malaysian citizen^[4][5] and 96th wealthiest individ in the world.^[6] As of April 2023, according to the Bloomberg Billionaires Index 2023, Kuok has an estimated net worth of $17.7 billion, making him the 97th richest person in the world.^[7]

Although Kuok is a major figure in business circles in East and Southeast Asia, he has remained media shy and maintains a low public profile despite his massive business success and immense wealth, with most of his companies being privately held by him or his family members. A

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Robert Kuok: Family, Dialect, and State in the Making of a Malaysian Magnate

INTRODUCTION

Many successful firms in Southeast Asia today are family businesses and amongst them is the firm headed by Robert Kuok. Robert Kuok is Southeast Asia's wealthiest businessman. His business empire provides a study of how a family business emerged and dealt with the challenges of expansion, succession and longevity. There is considerable scholarly interest in the longevity of family business but most studies focus on the West. There is thus a need for studies of East Asian family firms, particularly of the ethnic Chinese in Southeast Asia who value the continuation of family control after the passing of the founder.

Such is this desire for longevity that Colli and Rose write that the failure of the firm even if the family no longer has any formal stake can feel like death! 1 Sharma, in a survey of 217 peer-reviewed articles on family business firms, states that a majority of family firm le