With the Government’s decision on the sugar subsidy cut in October budget last year, there rose an uproar from the public. Many went ballistic as they could not digest the rationale given by the Prime Minister, Yang Amat Berhormat Dato’ Sri Mohammad Najib Abdul Razak, in which it was seen as substandard reasoning, while some supported the cause. As a counter-argument from the opposition party; the DAP MP, Tony Pua brought up the other facet of the issue.
Subsequently, an article by Nuar Haruha about Robert Kuok surfaced and was circulating in the social networks. Therefore it is not surprising that many may have heard of his name as the article is nothing new while some remained unaware; the question about who he is, will probably be racing in one’s unfamiliar mind.
Image from http://nuarharuha.wordpress.com/
With this consideration as the objective in today’s article, our parameter will be within the aspect of who he is and his contribution to the food industry.
Who is he?
According to Forbes as of March 2013, he is a Chinese Malaysian tycoon who made his money in sugar, palm oil, shipping and property. His empire, Kuok Group has a huge network of companies under 3 main groups in Hong Kong, Singapore and Malaysia. Kuok’s net worth is at $12.5 billion.
While we are unable to verify every single count of Nuar Haruha‘s article, that does not change the fact of his contribution to the food industry.
Kuok is media-shy; most of his businesses are privately held by him or his family. Apart from a multitude of businesses in Malaysia, his companies have investments in many countries throughout Asia. His business interests range from sugar cane plantations (Perlis Plantations Bhd), sugar refineries, flour milling, animal feed, oil, mining, finance, hotels, properties, trading, freight and publishing. Biggest source of wealth is stake in Wilmar International, the world’s largest listed palm oil company.
Kuok is not just Chinas’ hotelier, king of cooking oil, the world’s sugar King; he is also the patent owner of coca cola soft drink brand in the Chinese market. Kuok involved in a diversity of businesses in China. He created many job opportunities for China. The Chinese central government and leaders have great respect for an entrepreneur. He spoke a word, the weight will never lower than some foreign leaders.
To wrap up, he may have his reasons of packing his bags and leave Malaysia years ago, but he is still a Malaysian at heart who cares for this country; as reported by two online news media – The Star Online and The Malay Mail Online.