Kuok Khoon Hong – Billionaire

Kuok Khoon Hong, the Singapore-based nephew of Malaysian billionaire Robert Kuok, cofounded Wilmar in 1991 and built it into one of the world’s largest palm oil producers. The agribusiness giant, which suffered a net loss of $220 million for the second quarter of 2016 due to losses in its oilseeds and grains business, ended the year on a more positive note: it reported annual net profit of $160 million on revenue of $41 billion. Wilmar is expanding its sugar interests with a new joint venture with Brazil’s Raizen Energia. BandLab Technologies, a digital music startup founded by Kuok’s son Kuok Meng Ru, bought a 49% stake in Rolling Stone magazine last September.

Source:forbes