Walter Kwok

Walter Kwok ( Chinese 郭炳湘 , Pinyin Guō Bǐngxiāng , Jyutping Gwok ³ Bing ² soeng ¹ , Cantonese Kwok Ping-sheung ; born August 25, 1950 in Hong Kong ; † October 20, 2018 ibid.) Was a Chinese entrepreneur and co-owner and CEO of Sun Hung Kai Properties .

life and career

Walter Kwok was the oldest son of the entrepreneur Kwok Tak-seng ( 郭得勝 , 1911–1990). Kwok shared management with his brothers Thomas Kwok and Raymond Kwok . Together, they were the 23rd richest person in the world, according to Forbes' billionaires list with a net worth of $ 19.9 billion in 2008. In 2014 he founded his own real estate company, Empire Group Holdings . His net worth was last estimated at $ 8.7 billion by Forbes in 2018. He ranked tenth on the list of the richest people in Hong Kong in 2018.

He studied at Imperial College London , where he graduated with a master's degree in civil engineering.

Walter Kwok was married to Wendy Kwok Lee Ting-wing, with whom he had three children. Before that he was briefly married to Lydia Ku.

In February 2008, Walter Kwok announced a temporary break from management. According to press reports, he was forced to take this step by his mother. She gave as reasons the appointment of a secret lover of her son to the management. Since, in her opinion, she exercises too much influence on her son, she wants to protect the family interests by taking this step. In the same year his brothers wanted to declare Walter Kwok insane, which he took legal action against. He saw it as an attempt to silence him because of his critical views on some business areas. Walter Kwok's place at the top of the company has since been perceived by his mother, who holds a majority of the company's shares. In 2010, he was removed as a beneficiary of the family trust fund. He was later resumed, completely retiring from Sun Hung Kai Properties.

At the end of August 2018, Kwok suffered a stroke, of which he died on October 20, 2018.

kidnapping

In 1997, Kwok was kidnapped by the felon Cheung, Chi Keung, known as Big Spender . After six days in detention, Kwok was released without consulting the Hong Kong police. After his arrest in 1998, Cheung confirmed rumors that Kwok's wife, Wendy, had paid him a ransom of 600 million Hong Kong dollars .

Web links

Official website of Sun Hung Kai Properties (Chinese, English)
Claudia Wanner, Nikolaus Röttger, February 22, 2008: Doing the Hape Kerkeling ( memento of March 27, 2008 in the Internet Archive ), in Financial Times Germany

Single receipts

↑ ^a ^b ^c ^d ^e ^f ^g Hong Kong property magnate Walter Kwok dies, aged 68. scmp.com , October 20, 2018, accessed October 20, 2018 .
↑ ^a ^b 穆志宾、柴娜 - MU Zhibin, CHAI Na: 香港十大企家财富传奇. - Legends of the Ten Richest Hong Kong Entrepreneurs. 1st edition. 时事出版社 - Current Affairs Press, Beijing 2011, ISBN 978-7-80232-384-1 , 第五章 - 郭炳湘、郭炳江、郭炳联 - 家族企业的豪门恩怨 - “Chapter 5 - Walter, Thomas and Raymond Kwok - Gunst and envy in the family business of a rich, powerful family ” (Chinese, full text in Google Book Search).
^ Special Report - The World's Billionaires. In: www.forbes.com . May 3, 2008, accessed on June 5, 2020 (English, The Forbes List 2008 - Kwok Brothers, 23rd place, page 1).
↑ Staff reporter: Lover feud splits Kwok brothers ( Memento from December 11, 2008 in the Internet Archive ). In: www.thestandard.com.hk , accessed June 5, 2020. (English)
^ ONG, Hwee Hwee: 5 things about Sun Hung Kai's Kwok brothers and Hong Kong's biggest corruption trial. In: www.straitstimes.com . May 8, 2014, accessed on June 5, 2020 (English, Kwok's change of management after his father, Kwok Tak-seng's death in October 1990).
↑ 郭炳湘逝世 - Walter Kwok passed away. In: orientaldaily.on.cc . October 21, 2018, accessed June 5, 2020 (Chinese).
↑ Erick Ko and AFP: Tough guy, likeable rogue ( Memento of February 8, 2009 in the Internet Archive ). In: www.thestandard.com.hk , accessed June 5, 2020. (English)
↑ Taylor Nicole Rogers: Boardroom battles, bribery, and kidnapping: Meet Hong Kong's richest family, who has lost over $ 2 billion since the protests began. In: www.businessinsider.com. September 4, 2019, accessed June 5, 2020 .

personal data
SURNAME	Kwok, Walter
ALTERNATIVE NAMES	Walter Kwok Ping-sheung; Kwok ping-sheung; 郭炳湘 (Chinese, long and short characters)
BRIEF DESCRIPTION	Chinese entrepreneur and CEO of Sun Hung Kai Properties
DATE OF BIRTH	August 25, 1950
PLACE OF BIRTH	Hong Kong
DATE OF DEATH	20th October 2018
Place of death	Hong Kong

[scmp-1] ↑ ^a ^b ^c ^d ^e ^f ^g Hong Kong property magnate Walter Kwok dies, aged 68. scmp.com , October 20, 2018, accessed October 20, 2018 .

[Current_Affairs_Press_01-2] 穆志宾、柴娜 - MU Zhibin, CHAI Na: 香港十大企家财富传奇. - Legends of the Ten Richest Hong Kong Entrepreneurs. 1st edition. 时事出版社 - Current Affairs Press, Beijing 2011, ISBN 978-7-80232-384-1 , 第五章 - 郭炳湘、郭炳江、郭炳联 - 家族企业的豪门恩怨 - “Chapter 5 - Walter, Thomas and Raymond Kwok - Gunst and envy in the family business of a rich, powerful family ” (Chinese, full text in Google Book Search).

[3] Special Report - The World's Billionaires. In: www.forbes.com . May 3, 2008, accessed on June 5, 2020 (English, The Forbes List 2008 - Kwok Brothers, 23rd place, page 1).

[4] Staff reporter: Lover feud splits Kwok brothers ( Memento from December 11, 2008 in the Internet Archive ). In: www.thestandard.com.hk , accessed June 5, 2020. (English)

[5] ONG, Hwee Hwee: 5 things about Sun Hung Kai's Kwok brothers and Hong Kong's biggest corruption trial. In: www.straitstimes.com . May 8, 2014, accessed on June 5, 2020 (English, Kwok's change of management after his father, Kwok Tak-seng's death in October 1990).

[oriental_01-6] 郭炳湘逝世 - Walter Kwok passed away. In: orientaldaily.on.cc . October 21, 2018, accessed June 5, 2020 (Chinese).

[7] Erick Ko and AFP: Tough guy, likeable rogue ( Memento of February 8, 2009 in the Internet Archive ). In: www.thestandard.com.hk , accessed June 5, 2020. (English)

[businessinsider_01-8] Taylor Nicole Rogers: Boardroom battles, bribery, and kidnapping: Meet Hong Kong's richest family, who has lost over $ 2 billion since the protests began. In: www.businessinsider.com. September 4, 2019, accessed June 5, 2020 .