Dato' Ong Beng Seng is a Malaysian billionaire businessman residing in Singapore. He is the visionary behind Hotel Properties, an organization headquartered in Singapore, and holds significant stakes in multiple enterprises.
|Name:||Dato' Ong Beng Seng|
|Date of Birth:||January 1944|
|Net Worth:||$1 billion|
Ong Beng Seng Biography
Dato' Ong Beng Seng, born in January 1946 in British North Borneo, which is now known as Sabah, is a prominent Malaysian-born billionaire businessman based in Singapore. His remarkable journey from humble beginnings to becoming a major player in the business world is a testament to his entrepreneurial spirit and dedication.
Ong Beng Seng Age
How old is Ong Beng Seng? Ong Beng Seng is 79 years old. He was born in 1944 in Sabah, Malaysia.
Ong Beng Seng Height
How tall is Ong Beng Seng? Ong Beng Seng height is not known.
Ong Beng Seng Parents
Who are the parents of Ong Beng Seng? Ong Beng Seng parents are not known. Ong Beng Seng emigrated to Singapore when he was only four years old.
Ong Beng Seng Siblings
Ong Beng Seng has three brothers, Beng Huat, Beng Lim and Beng Min.
Ong Beng Seng Career
Ong's life took an early turn when, at the age of four, his family relocated to Singapore. He grew up alongside his three brothers, Beng Huat, Beng Lim, and Beng Min. His career path was set in motion when he ventured into the world of insurance, focusing on ships. It was during this time that he crossed paths with Christina, who would later become his spouse.
Ong's professional journey continued to evolve when he joined Kuo International in 1975, a company founded by businessman Peter Fu Yun Siak. His association with Kuo International would prove pivotal as it was there that he met Christina, the love of his life.
After gaining valuable experience in trading at Kuo International, Ong ventured into entrepreneurship, founding his own organization, Hotel Properties Limited. Today, he holds sway over a diverse portfolio of businesses, including those based in London's prestigious Bond Street. His investments are substantial, worth tens of millions of dollars. Notably, Ong is renowned as a distinguished hotelier, with a track record of acquiring and constructing hotels around the globe.
A Game-Changer in Singapore One of Ong's most significant contributions to Singapore was his role as the chairman of the race promoter Singapore GP. He is credited with bringing the excitement of Formula One racing to the country. In 2008, Singapore hosted its inaugural Formula One Grand Prix, marking the first-ever F1 night race—a historic moment that left an indelible mark on the world of motorsport.
Despite his immense success, Ong's life has not been without challenges. In a surprising turn of events, on July 14, 2023, it was reported that he had been arrested in connection with a potential corruption case involving Singapore's Minister of Transport, S. Iswaran. A notice of arrest was issued by the Corrupt Practices Investigation Bureau (CPIB).
Ong resides in Singapore with his family, including his wife Christina Ong, who is the daughter of a prominent businessman. Together, they have a daughter and a son. Ong, often described as a “glitzy figure” both in Singapore and abroad, is known for his media-shy and notoriously secretive nature. Nevertheless, he has cultivated relationships with numerous Hollywood celebrities over the years.
Ong's business acumen is reflected in his strategy of seizing opportunities when properties and rents are undervalued and divesting when they peak. As of September 2022, Forbes estimated Ong and his wife Christina's combined net worth at a staggering $1.75 billion, securing their place as the 24th richest individuals in Singapore.
Their success is a testament to Ong Beng Seng's ability to navigate the complex world of business and investments while leaving an enduring impact on the global hospitality industry.
Ong Beng Seng Wife
Is Ong Beng Seng married? Yes, Ong Beng Seng is married to Christina Ong. Christina is well known for being the daughter of a businessman.
Ong Beng Seng Children
Does Ong Beng Seng have any children? Yes, Ong Beng is a father of two children, a daughter, Melissa and a son called Jonathan.
Ong Beng Seng Net Worth
Ong Beng Seng has an estimated net worth of $1 billion per Bloomberg Billionaires index as of 2023.