Kwee family’s profile picture

Kwee family

Kwee family’s profile picture
Net worth 2018: $5.68 Billion
Industry: Real Estate
BIOGRAPHY

Kwee family was born in . Kwee family is #342 in List Billionaires People In The World. The four Kwee siblings own privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across the island-nation. Pontiac Land was founded by their Indonesian father Henry Kwee, a textile trader and real estate developer, who migrated to Singapore in 1958. In New York, the brothers are building an 82-story tower beside the Museum of Modern Art, where apartments cost from $3 million to over $70 million. Their joint venture with Perennial Real Estate Holdings for the landmark Capitol Singapore project is under dispute. The Kwees are building a resort complex in the Maldives

NET WORTH STATISTIC
2013

$4.6 Billion

2014

$5.2 Billion

2015

$4.9 Billion

2016

$5 Billion

2017

$5.1 Billion

2018

$5.68 Billion

TIMELINE
2013

In October 2013, the Kwee brothers agreed to provide $300 million in equity, supported by an $860 million loan from a consortium of Asian banks to enable the Tower Verre development in New York City

1959

Pte Ltd in 1959 and the Pontiac Land Group (PLG) in 1961

1958

Henry Kwee Hian Liong, father of the Kwee brothers, was an Indonesian textile trader and real estate developer who emigrated to Singapore in 1958

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