Age, Biography and Wiki

Khoo Teck Puat was born on 13 January, 1917 in Singapore, Straits Settlements, is a Malaysian politician. Discover Khoo Teck Puat's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 87 years old?

Popular As N/A
Occupation N/A
Age 87 years old
Zodiac Sign Capricorn
Born 13 January, 1917
Birthday 13 January
Birthplace Singapore, Straits Settlements
Date of death 21 February, 2004
Died Place Singapore
Nationality Singapore

We recommend you to check the complete list of Famous People born on 13 January. He is a member of famous politician with the age 87 years old group.

Khoo Teck Puat Height, Weight & Measurements

At 87 years old, Khoo Teck Puat height not available right now. We will update Khoo Teck Puat's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Khoo Teck Puat's Wife?

His wife is Tan Geok Yin (deceased 1972) Rose Marie Wee Renee Chew

Family
Parents Not Available
Wife Tan Geok Yin (deceased 1972) Rose Marie Wee Renee Chew
Sibling Not Available
Children 11 daughters and 4 sons including Eric Khoo (filmaker)

Khoo Teck Puat Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Khoo Teck Puat worth at the age of 87 years old? Khoo Teck Puat’s income source is mostly from being a successful politician. He is from Singapore. We have estimated Khoo Teck Puat's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income politician

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Timeline

1900

The Goodwood Park Hotel in Singapore, built in 1900, is a restored historic landmark.

1917

Tan Sri Khoo Teck Puat (13 January 1917 – 21 February 2004) was a banker and hotel owner, who, with an estimated fortune of S$4.3 billion (US$3,195,953,500), was the wealthiest man in Singapore at one point.

He owned the Goodwood Group of boutique hotels in London and Singapore and was the largest single shareholder of the British bank Standard Chartered.

1930

Khoo received his early education in St Joseph's Institution in Singapore in 1930.

1933

He was educated up to standard eight prior to his marriage at the age of 17, and started working at the Oversea-Chinese Banking Corporation (OCBC) as an apprentice bank clerk by 1933.

1958

While attached with OCBC, Khoo served as the Chairman of Central Provident Fund (CPF) Board for a year in 1958.

1959

His rise in OCBC was rapid and he developed strong ties with Tan Chin Tuan until they had a difference of opinion which resulted him leaving OCBC in 1959 as the deputy general manager.

He argued that OCBC was growing far too slowly and not opening enough branches in the smaller towns in Peninsular Malaya.

1960

In 1960, Khoo restarted his career in banking by founding Malayan Banking (now commonly known as Maybank) with a few partners in Kuala Lumpur.

The bank grew rapidly to more than 150 branches within three years.

Though he had opened the national bank of Brunei in the 1960s, his search for a legitimate banking vehicle continued.

1963

In 1963, the bank purchased Goodwood Park Hotel in Singapore for S$4.8 million.

1964

From 1964 to 1965, Khoo was a senator in the Malaysian parliament.

1965

In 1965, Khoo was ousted from Maybank by the Malaysian government under Deputy Prime Minister Tun Abdul Razak on the pretext of pumping the bank's money into his own private firm in Singapore.

1968

In 1968, Khoo bought over Maybank's Singapore properties, including Goodwood Park Hotel and Central Properties, for S$50 million.

While bitter with what the Malaysian government did, Khoo retained his Malaysian citizenship.

1976

In 1976, he ceased to be a director of Maybank.

1980

The bulk of his fortune came from shares in Standard Chartered, which he bought up in the 1980s to help thwart Lloyds Bank's proposed acquisition which many financiers deemed hostile.

1981

In 1981, Khoo bought Australia's Southern Pacific Hotel Corporation – parent of the Travelodge chain – using funds from the National Bank of Brunei.

In 1981, Khoo set up the Khoo Foundation, a charity fund, with an initial S$20 million.

The foundation donated S$125 million towards the construction and operation of a hospital, Alexandra hospital @ Yishun, in Yishun, Singapore.

1986

After the death of the former Sultan Omar in 1986, Sultan Hassanal arranged for an investigation into the finances of the National Bank, leading to its closure.

Khoo had allegedly taken unsecured and undocumented loans of more than £300 million from the bank.

He was never charged, but his son Khoo Ban Hock served two years in prison for his role in the affair.

In 1986, an opportunity arose when as a white knight, Khoo made a dramatic acquisition of a 5% stake in the British bank Standard Chartered, being one of three financiers who came to the rescue of Standard Chartered to stave off a hostile takeover by Lloyds Bank.

He subsequently grew his stake to almost 15% to become the single largest shareholder.

1988

He sold it in 1988 as part of his asset liquidation process to make restitution to the Bruneian government.

1990

In 1990, Khoo made a contribution of S$10 million to the Singapore government's 25th anniversary charity fund – to help children, the elderly and the disabled.

2003

He was listed as Singapore's richest businessman by the business magazine Forbes in 2003.

2004

Around the period of his death in 2004, Khoo was ranked as the 108th richest person in the world by the business magazine Forbes.

Khoo's estate has donated S$80 million to Duke–NUS Medical School.

In 2004, after Khoo died at Mount Elizabeth Hospital from a heart attack, it was revealed that he has a bigger stake in three of his listed companies Goodwood Park, Hotel Malaysia and Central Properties than it was disclosed to the Singapore Exchange.

His daughters, Jacqueline and Elizabeth, who were in management positions at the companies, were fined a total of S$500,000.

Khoo left his Standard Chartered stake, then approximately 11.5%, to his children.

2006

In March 2006, they sold it to Singapore's Temasek Holdings.

2007

In 2007, the hospital was subsequently renamed after Khoo as Khoo Teck Puat Hospital in recognition of the contribution by the Khoo foundation.