Walter Kwok

Walter Kwok

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Walter Kwok

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Kwok Ping-sheung, Walter JP (born 1950 in Hong Kong, with family roots in Zhongshan, Guangdong) is the eldest son of Kwok Tak Seng and Kwong Siu-hing. Together with brothers Thomas and Raymond, they inherited Sun Hung Kai Properties, Hong Kong's largest real estate developer, in 1990 following their father's death.

Walter, formerly chairman and CEO of that organization, 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 brothers are the third wealthiest people in Hong Kong and Greater China Region, just after Li Ka Shing and Lee Shau Kee. Their wealth is estimated to be 17 billion US dollars in Forbes' 2010 list of billionaires.

Biography

According to the Standard, Kwok fell in love with an ambitious lawyer Ida Tong Kam-hing (唐錦馨), but his father did not allow him to marry her.

His parents introduced him to Lydia Ku, whom he married, but the marriage broke up six months afterwards. Later, he married his present wife, Wendy Lee.

1997 abduction

Kwok was kidnapped by the notorious gangster "Big Spender" Cheung Tze-keung on September 30, 1997,. Chinesecivilization.org, March 1, 2011, retrieved April 3, 2011 and was released seven days later without police intervention. Negotiations fronted by wife Wendy resulted in payment of a ransom rumoured to have...
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