#311 Kwee brothers

#311 Kwee brothers

REAL TIME NET WORTH
$5.7B
as of 3/27/19
  • The four Kwee siblings control privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across the island-nation.
  • Pontiac Land was founded by their Indonesian father Henry Kwee, a textile trader and real estate developer, who migrated to Singapore in 1958.
  • In New York, the brothers are building an 82-story tower beside the Museum of Modern Art, where penthouses cost more than $70 million.
  • In 2017, the brothers acquired the Cappella Hotel group from legendary luxury hotelier Horst Schulze for an undisclosed sum.
  • Their newest project in the U.S. is a hotel in a joint venture with the famous Mayo Clinic in Rochester.
Stats
Source of WealthReal Estate
ResidenceSingapore, Singapore
CitizenshipSingapore
Did you know
In March 2018 they sold their 50% stake in the landmark Capitol Singapore project to erstwhile partner Perennial Real Estate Holdings for $380 million.
The Kwees are avid art collectors, decorating their various properties with works by artists like Roy Lichtenstein and Frank Stella.
Net worth over time
$4.6B
Billionaires
March 2013
$5.2B
Billionaires
March 2014
$4.9B
Billionaires
March 2015
$5B
Billionaires
March 2016
$5.1B
Billionaires
March 2017
$5.6B
Billionaires
March 2018
$5.6B
Billionaires
March 2019
Connections
Robert & Philip Ng
Related by residence country: Singapore
Eduardo Saverin
Related by residence country: Singapore
Singapore
Citizen of Singapore
Estina Ang
Related by residence country: Singapore
Goh Cheng Liang
Related by residence country: Singapore
Kwek Leng Beng & family
Related by residence country: Singapore
Newsworthy
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