Lau Cho Kun
Place
-
Now27th
-
Last week26th
-
Two weeks ago26th
-
Three weeks ago28th
- Name
- Lau Cho Kun
- Net Worth
- 1.5 Billion USD
- Birth Date
- 10 January 1936
- Age
- 88
- Country
- Malaysia
- City
- Tawau, Sabah
- Business
- Diversified
Lau Cho Kun is a prominent Malaysian billionaire, known for his substantial influence in the palm oil and plantation industry. He is a key figure behind Hap Seng Consolidated Berhad, one of Malaysia's leading conglomerates with diverse interests spanning plantations, property, automotive, credit financing, and building materials.
Born into a family with deep roots in business, Lau Cho Kun's entrepreneurial journey is closely tied to Hap Seng Group, originally founded by his grandfather, Lau Gek Poh. Under Lau Cho Kun's strategic leadership, the company has significantly expanded its operations and diversified its portfolio, ensuring robust growth and resilience in various economic climates.
Lau Cho Kun's most notable achievements are in the plantation sector. Hap Seng Plantations Holdings Berhad, a subsidiary of Hap Seng Consolidated, is one of Malaysia's largest oil palm plantation companies. The firm operates vast estates across Sabah, East Malaysia, producing high-quality palm oil that is a critical component of numerous consumer goods globally. Lau’s vision has emphasized sustainable agricultural practices and environmental stewardship, aligning with global trends and enhancing the company’s reputation.
In addition to his focus on plantations, Lau has guided Hap Seng's expansion into other sectors. The company's property division has developed numerous residential, commercial, and industrial projects, contributing to Malaysia's urban landscape. The automotive division, which includes the distribution of Mercedes-Benz vehicles, further exemplifies the company’s diversified business strategy.
Lau Cho Kun’s influence extends beyond his corporate achievements. He is known for his philanthropic efforts, particularly in education and community development. His contributions have supported numerous educational initiatives, scholarships, and community projects aimed at improving the quality of life in Malaysia.
Lau Cho Kun’s strategic acumen and commitment to sustainability and community development have solidified his reputation as a leading figure in Malaysia's business landscape. His leadership of Hap Seng Consolidated Berhad has not only driven the company’s success but also contributed significantly to Malaysia's economic growth and development.
Share
Your involvement