Andrew Koo Sr. net worth is estimated by Forbes to be $4.1 billion. He is the chairman of Chailease Holding which comprises of 45 companies.
The group has more than 100 offices and 6,000 workers. Their main business is equipment leasing.
Koos Group has many businesses in various industries such as real estate, electronics, petrochemicals, cement, leasing, financial services, banking hospitality and investments.
Koos Group owns more than $225 billion in assets. These are a lot of assets to say the least.
Khoo family has a net worth of $8.5 billion. The heirs of the late banker, Khoo Teck Puat who invested in Standard Chartered Bank in 1986. In 2006, they sold their shares for $4 billion.
The family controls Goodwood Group of Hotels. Khoo Sr. was the richest man in Singapore at some point with $4.3 billion.
He died in 2004 and at the time he was the 108th richest person in the world. In terms of education, he was educated up to standard 8. After that he started working as a bank clerk by 1933.
In 1960, he founded Maybank which grew up to 150 branches in just three years. Between 1964 and 1965, Khoo was a Senator in the Malaysian parliament.
In 1981, Khoo bought Southern Pacific Hotel Corporation in Australia which is the patent company of Travelodge chain and sold it in 1988.
In 1986, Khoo acquired 5% stake in Standard Chartered Bank to prevent hostile takeover by Lloyds Bank. Later he bought more shares to own 15% of the bank and effectively became the single largest shareholder.
In 2004, Khoo died at Mount Elizabeth Hospital from a heart attack.
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