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Kwok Ping Sheung Walter

Hong Kong businessman (1950–2018)

Walter Kwok Ping-sheung JP (Chinese: 郭炳湘; Cantonese pronunciation: [kʷɔk̚˧ pɪŋ˧˥.sœŋ˥]; 1950 – 20 October 2018) was a Hong Kong real estate developer. He was the eldest son of Kwok Tak-seng, founder of Sun Hung Kai Properties, and his wife Kwong Siu-hing.2

From Wikipedia’s article on Kwok Ping Sheung Walter (this version), CC BY-SA 4.0.

Born Oct 25, 1950, died Oct 20, 2018.1

About

Following their father's death in 1990, he and his brothers Thomas and Raymond inherited Sun Hung Kai Properties.

Kwok, formerly chairman and CEO of Sun Hung Kai Properties, negotiated his departure from the family firm in 2010. His mother remains the controlling shareholder of the company, whilst his brothers manage the firm. The Kwok family was ranked third in 2017 Asia's Richest Families, with an estimated net worth of US$40.4 billion as of November 2017.

From Wikipedia’s article on Kwok Ping Sheung Walter, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • Date not recordedImperial College London3

Kwok was born in 1950 in British Hong Kong, the eldest son of Kwok Tak-seng, founder of Sun Hung Kai Properties, and his wife Kwong Siu-hing. The Kwok family's ancestral home was located in Zhongshan, Guangdong, formerly known as Xiangshan. Kwok was educated at Imperial College London in England, from which he earned a master's degree in civil engineering.

Kwok and his younger brothers Thomas and Raymond are together referred to by media as the Kwok brothers. Together they controlled the majority of Sun Hung Kai Properties (until ouster in 2008, see below section). As of March 2018, all three brothers were listed in the Forbes 2018 The World's Billionaires, with a net worth of US$16.5 billion (Thomas and Raymond) and US$8 billion (Walter only) respectively. In a separate listing, the Kwok family was listed as the third-richest in Forbes's 2017 Asia's Richest Families, with a net worth of US$40.4 billion as of November 2017. The net worth by Forbes as of his death was US$6.9 billion.

From Wikipedia’s article on Kwok Ping Sheung Walter (this version), CC BY-SA 4.0.

Career

Occupation: entrepreneur, chief executive officer, politician, justice of the peace.6

  • Date not recordedChief executive, Sun Hung Kai Properties4
  • Date not recordedMember of the National Committee of the Chinese People's Political Consultative Conference5
  • Date not recordedStanding member of the National Committee of the Chinese People's Political Consultative Conference5

Personal life

  • BornOct 25, 1950, British Hong Kong7
  • DiedOct 20, 2018, Hong Kong8
  • CitizenshipPeople's Republic of China9

Kwok's parents introduced him to Lydia Ku Chee-yung, the daughter of a wealthy businessman from Shanghai, whom he married on 15 September 1982, but the marriage broke up six months later.

Kwok married Wendy Lee Ting-wing in 1983. They had two sons, Geoffrey and Jonathan, and a daughter.

Kwok died at Hong Kong Adventist Hospital – Stubbs Road on 20 October 2018, two months after suffering a stroke. He was 68.

From Wikipedia’s article on Kwok Ping Sheung Walter (this version), CC BY-SA 4.0.

Sources

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