Thursday, August 21, 2008

Singapore's 40 Richest - No 5

#5 Kuok Khoon Hong
08.20.08, 11:00 PM ET

Vivek Prakash / Reuters

Age 59
Net Worth $1.3 billion
Married, 4 children

Cofounded palm oil producer Wilmar in 1991 after getting start at Malaysian billionaire (and his uncle) Robert Kuok's palm oil business. In 2007 Wilmar merged with uncle's business; younger Kuok heads the combined group. Stock up nearly a third in past year thanks to merger and soaring palm oil prices.

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