Scion of Indonesian billionaire Eka Tjipta Widjaja, Oei Hong Leong has been dubbed the Man with the Midas touch. Oei continued to raise his shareholding in Japanese property developer IPC Corp in 2013. Having increased his stake to 25.4 percent in 2012, he acquired another 37.8 million shares in May 2013, taking his shareholding to 29.8 percent. IPC Corp has been on an expansion path, acquiring its seventh, eighth and ninth hotels in Japan in February, May and November 2013 respectively. Its latest acquisition is a 302-room, 13-storey business hotel in Osaka operating under the name Chisun Hotel Shinsaibashi. The Chairman of Chip Lian Investments, Oei Hong Leong Foundation, Canadian Metropolis Properties Corporation and China Internet Global Alliance ranks 32nd on Forbes 2013 list of Singapore's 50 Richest, with an estimated net worth of US$745 million. According to Forbes, Oei keeps the bulk of his wealth in a corporate bond portfolio and is planning to redevelop a large waterfront site in Vancouver, Canada that he owns, as a mixed-used complex. Oei received the Singapore Lyric Opera's Patron of the Arts Award in 2013 for his dedicated patronage of the company.
Company:Chip Lian Investments