Geoffrey Kwok Explained

Geoffrey Kwok
Birth Date:[1]
Nationality:Hong Konger
Education:Yale University
Stanford University
Occupation:Businessman
Parents:Walter Kwok
Relatives:Kwok Tak-seng (grandfather)

Geoffrey Kwok (born 1984/1985) is a Hong Kong billionaire, and a director of Empire Group. He is the eldest son of Walter Kwok, who founded the Empire Group.[2] His grandfather Kwok Tak-seng founded Sun Hung Kai Properties, which Walter Kwok and his brothers inherited,[3] Asia's largest real estate developers.[4] [5]

Education

Kwok attended Yale University where he obtained a bachelor's degree in economics,[6] and an MBA from Stanford University.[7]

Career

Before his father's death, Kwok worked with Morgan Stanley as an investment banker.[8] In October 2018, Walter Kwok died from a heart attack.[9] [10] Kwok inherited his stakes in Sun Hung Kai along with his brother Jonathan. In October 2018, shortly after his father's death, Kwok became a director of Empire Group, Hong Kong, along with his siblings Jonathan and Lesley.[11]

In December 2018, he became a board member and a non-executive director at Sun Hung Kai properties. Kwok also manages the hotel division of Sun Hung Kai.

Wealth

With a net worth of $40.4 billion, the Kwok family is Asia's third richest family according to Forbes.[12] [13] In May 2020, Forbes estimated Kwok to be worth $2.5 billion.[1] [14]

Notes and References

  1. Web site: Forbes profile: Geoffrey Kwok . Forbes . 14 May 2020.
  2. Web site: Top 20 Youngest Billionaires in the World. Chang. Ellen. TheStreet. en-us. 2020-05-04.
  3. Web site: Hong Kong tycoon, ex-official found guilty. Vivian Kam . Madison Park. CNN. 19 December 2014 . 2020-05-04.
  4. News: Bloomberg Billionaires Index . Bloomberg.com. 2020-05-04.
  5. Web site: Geoffrey Kwok, Sun Hung Kai Properties LTD: Profile and Biography . www.bloomberg.com. 2020-05-04.
  6. Web site: Geoffrey Kwok named Sun Hung Kai director. The Standard, Hong Kong.
  7. Web site: Third generation 'not ready' to run family firm. 5 May 2012. South China Morning Post. en. 2020-05-04.
  8. Web site: About - Empire Group Holdings. egh.com.hk. 2020-05-04.
  9. Web site: HK property billionaire Walter Kwok dies, family says The Star Online. www.thestar.com.my. 2020-05-04.
  10. News: The Richest Family in Hong Kong Has the Most to Lose from Raging Protests . Bloomberg.com. 2020-05-04. 26 August 2019 .
  11. Web site: Hong Kong Tycoon Walter Kwok's Sons Inherit $3 Billion Stake in Developer - BNN Bloomberg. 2018-11-29. BNN. 2020-05-04.
  12. Web site: Asia's Richest Families. Forbes. en. 2020-05-04.
  13. Web site: Hong Kong's billionaires are calling for order to be restored. Sherisse . Pham . CNN Business. 13 August 2019 . 2020-05-04.
  14. News: Sons of Late Hong Kong Real Estate Developer Inherit $3 Billion . Bloomberg.com. 2020-05-04. 30 November 2018 .