5 things to know about Jonathan Kwok, Hong Kong’s youngest billionaire

He inherited his fortune in 2018 following the death of his father, Walter Kwok. Today, he serves as a director at Empire Group Holdings, a property company his father founded.

From his wealthy background to his impressive education and work experience, here is a closer look at the young billionaire.

Jonathan Kwok (second from left), a director of Empire Group Holdings, with other executives of the firm. Photo courtesy of Empire Group Holdings

Jonathan Kwok (second from left), a director of Empire Group Holdings, with other executives of the firm. Photo courtesy of Empire Group Holdings

He is among the youngest billionaires in the world

Jonathan is among the youngest people to be named by Forbes in its World’s Billionaires List. This year, Jonathan ranked as the 1,462nd richest individual globally and, along with his older brother Geoffrey Kwok, the 18th richest in Hong Kong.

He was the sixth youngest billionaire in the world in 2020, alongside others like reality star Kylie Jenner, who topped the list that year.

He hails from one of the richest families in Hong Kong

Jonathan comes from the Kwok family, which controls Sun Hung Kai Properties, one of the city’s four major property developers.

His father was the eldest son of Kwok Tak-seng, who co-founded SHKP and helped grow the company into the giant it is today.

Walter once served as SHKP’s chairman and major shareholder before establishing Empire Group in 2010.

Jonathan and his brother inherited the stake in SHKP when their father passed away in 2018, instantly making them billionaires.

He has an impressive resume

Jonathan graduated from the Cornell School of Hotel Administration and went on to gain experience at CSI Properties, a listed property investor, and CMB International Securities, according to the company website.

Since joining Empire, he has taken the lead in the firm’s real estate investments, project development and asset management.

He brings with him extensive knowledge of Hong Kong’s property market, along with experience in analyzing global investments and developing hotel projects.

His father was ousted from SHKP after a family feud

Walter was abducted by a local gang leader known as “Big Spender” in 1997 and subsequently released after his family paid around $80 million in ransom, according to Business Insider. The traumatic event reportedly led to Walter suffering from depression.

He was removed from SHKP in 2008 after 18 years as chairman by his younger brothers, Thomas and Raymond Kwok, who claimed his mental health issues had made him unfit to head the business.

Raymond Kwok Ping-Luen, Vice Chairman and Managing Director of Sun Hung Kai Properties, Walter Kwok Ping-sheung, Chairman and Chief Executive of Sun Hung Kai Properties, and Thomas Kwok Ping-Kwong, Vice Chairman and Managing Director of Sun Hung Kai Properties, are seen during a press conference in Hong Kong, China, 6 December 2007. Photo by Imaginechina via AFP

Raymond Kwok Ping-Luen, Vice Chairman and Managing Director of Sun Hung Kai Properties, Walter Kwok Ping-sheung, Chairman and Chief Executive of Sun Hung Kai Properties, and Thomas Kwok Ping-Kwong, Vice Chairman and Managing Director of Sun Hung Kai Properties, are seen during a press conference in Hong Kong, China, 6 December 2007. Photo by Imaginechina via AFP

Walter rejected the accusations and took legal action against his brothers for libel. Raymond and Thomas eventually won control of the firm while Walter’s role in SHKP was downgraded to that of a non-executive director.

Kwong Siu-hing, their mother and the widow of Tak-seng, temporarily stepped in as the head of the firm following Walter’s ousting and later passed leadership to the other two brothers, who became co-chairmen in December 2011.

He works hard to honor his father’s legacy

Empire Group Holdings logo. Photo from the companys LinkedIn

Empire Group Holdings’ logo. Photo from the company’s LinkedIn

Despite their immense wealth, the younger generation of Kwoks has earned a reputation for working diligently to sustain and grow the family business in tribute to their late father, according to the South China Morning Post.

A symbolic example lies in Empire Group Holdings’ handwritten logo: the letter “E” was penned by founder Walter Kwok, while the remaining letters were completed by his sons in a gesture that reflects their commitment to upholding their father’s values.



Source link

Visited 1 times, 1 visit(s) today

Related Article

Nothing Phone (3) hands-on – GSMArena.com news

Nothing has a new flagship phone – say hello to the Nothing Phone (3). The freshly announced Phone (3) arrives nearly two years after the Phone (2), and there are plenty of differentiating factors between the two. Let’s start with the back, since it’s always been a key area on Nothing devices. Phone (3) brings

Nothing’s ‘first true flagship’ phone plays it a little safe

“The Glyph interface is not a gimmick,” Nothing founder and CEO Carl Pei told the press as he revealed the Nothing Phone 3 for the first time, shortly before announcing that its new iteration lets you play Spin the Bottle on the back of the phone. It’s mixed messaging, but in Nothing’s defense, you couldn’t

What the End of COVID Mask Mandates Has Meant for Baristas

Though new strains of coronavirus are going around, most establishments have lifted mask mandates and aren’t planning to bring them back. Today, we explore how this has been impacting coffee workers. BY MELINA DEVONEYBARISTA MAGAZINE ONLINE Featured photo by Getty Images Lara* is a server at a busy high-end restaurant in Los Angeles. She continued

Nothing Phone (3) brings Glyph Matrix, Snapdragon 8s Gen 4 and 5,150mAh battery

The Nothing Phone (3) is one of the most anticipated phones of the year and it brings a bold redesign alongside several generational spec upgrades. The Glyph Interface has evolved into the Glyph Matrix – a monochrome LED display located at the top left corner of the phone’s back. Comprised of 489 individually lit

Realme GT 7 series first in line to get Android 16, followed by GT 6

In a short press release Realme promised to be among the first to deliver Android 16 to its flagship lineup. Of course, it’s no surprise that the GT 7 series will be the first phones from Realme’s portfolio to get the latest and greatest from Google. The Realme GT 7 Pro with Snapdragon 8 Elite,

Europe Mobile Phone Insurance Ecosystem Market 2025 Industry

Mobile Phone Insurance Ecosystem Market Introduction: The Mobile Phone Insurance Ecosystem Market is experiencing significant growth, fueled by the increasing sophistication and value of mobile devices, coupled with a heightened consumer awareness of potential risks. The market’s expansion is driven by several key factors, including the rising cost of smartphones, the increasing reliance on mobile

Google Pixel 10 Pro and Pixel 10 Pro XL’s specs surface

Google is expected to unveil the Pixel 10 series next month, and although the Mountain View-based internet search giant hasn’t divulged any details about the lineup yet, CAD-based renders that leaked in March revealed what the Pixel 10 series smartphones would look like. The same source has now shared specs of the Google Pixel 10

RedMagic Astra Gaming Tablet launches globally, starts from €469/$469

RedMagic’s Tablet 3 Pro launched in China last month, and it’s now ready to take on global markets. Now called the RedMagic Astra Gaming Tablet, this is every bit the compact tablet beast that its Chinese counterpart is. The tablet is built around a 9.06-inch display with uniform 4.9mm bezels. The panel is outstanding –

Baseus brings latest Enercore chargers and powerbanks with retractable USB-C cables

Originally announced back at CES, Baseus is now bringing its Enercore line of chargers and power banks globally. These come in several sizes with multiple ports, up to 100W charging speeds and max out at 20,000mAh capacities. They also share one common killer feature – retractable USB-C cables. Enercore CJ11 is the most compact offering

OnePlus Nord CE5 in for review

Today we are taking a look at the new OnePlus Nord CE5, the second phone launching next week alongside the Nord 5. We have already taken a look at the Nord 5 in a separate post and now it’s time to unbox the Nord CE5. For those unaware, the Nord series goes Nord > Nord

OnePlus Nord 5 in for review

Today we have with us the new OnePlus Nord 5, which is the latest mainline entry in the company’s affordable series of smartphones. The phone is set to launch next week alongside the Nord CE5 and today we can share a sneak peek at the device with an unboxing. Starting with the packaging, the Nord

iPhone 17 Pro series to get repositioned Apple logo

Apple may be looking to change more than the camera islands on its iPhone 17 Pro series as leakster Majin Bu is now confident that the Apple logo on the back is getting repositioned. The logo on the 17 Pro series would be positioned lower, and Apple is apparently also changing the placement of its

Oxford Spires Academy ditches smartphones for ‘brick’ phones

BBC Head teacher Louise Cowley took the decision to introduce a blanket ban over concerns smartphones were too disruptive A secondary school has banned smartphones for Year 7 to 11 pupils and will only allow basic “brick” phones from September. Oxford Spires Academy’s head teacher said the move would create a “calmer, more focused environment”.

vivo X Fold5’s India launch teased

vivo recently teased the launch of the X200 FE in India, and now the brand has announced the X Fold5 is “coming soon” to the country. vivo hasn’t revealed the launch date of the X Fold5 or the X200 FE in India, but we’ve learned from a reliable source that both smartphones will launch in

Infinix Xpad GT review – GSMArena.com tests

Introduction Last year Infinix launched the Xpad tablet with mid-range specs at an incredibly affordable price. This year, the slate is getting a more powerful big brother aimed at gaming and streaming – the Infinix Xpad GT. The Infinix Xpad GT brings a 13.0-inch LCD screen with 2,880 x 1,840 pixels, 10-bit color depth, 144Hz

0
Would love your thoughts, please comment.x
()
x