Wee Cho Yaw Net Worth is$3.8 Billion
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Date of Birth: 1929

Country: Singapore

Net Worth: View Wee Cho Yaw Net Worth

What is Wee Cho Yaw's net worth? Wee Cho Yaw's net worth is $3.8 billion dollars which makes him the richest person in Singapore. Born in Singapore, Wee Cho Yaw grew up in a banking family. His father founded the United Overseas Bank in 1935, and Wee Cho Yaw became part of the Board of Directors of what was then known as the United Chinese Bank in 1958. He became Managing Director in 1960, and began to serve as CEO in 1974, when his father chose to retire. He served as CEO until 2007, when he stepped down, and his son, Wee Ee Chong took over as CEO. In addition to his bank interests, he has also invested in significant amounts of land through Kheng Leong, and his family owns nearly 25% of Haw Par, the company that manufacturers the pain-relieving ointment, "Tiger Palm". He was awarded the Public Service Star by the government of Singapore in the early 70s, and an honorary doctorate by the University of Singapore in 2008.
Mr Wee Cho Yaw (Chinese: ???; pinyin: Huang Zuyao)(born 1929), is the incumbent Chairman of the United Overseas Bank Group (UOB).
Wee Cho Yaw joined the Board of Directors of the then United Chinese Bank (the now United Overseas Bank, UOB) in 1958. He was appointed Managing Director of the Bank two years later, and when his father Wee Kheng Chiang, founder of the then United Chinese Bank (UCB), retired in 1974, Wee succeeded him as Chairman of the Bank. His son Wee Ee Chong succeeds him as CEO of UOB.
The Singapore Government recognized Wee's public service by awarding him the Public Service Star in 1971,[citation needed] and Wee was named Singapore Businessman of the Year for his outstanding corporate success in 1990 and 2001. In 2006, for his contributions to the banking sector, He was presented with the inaugural Credit Suisse-Ernst & Young Lifetime Achievement Award, which honours the accomplishments of Singapore's pioneer entrepreneurs. Wee was conferred an honorary Doctor of Letters by the National University of Singapore in July 2008.
Wee is also the Chairman of the Singapore Kim Mui Hoey Kuan (???????), a clan association.

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Wee Cho Yaw Latest News

Lo & Behold's Wee Teng Wen On Building A Lifestyle Empire - "Prioritise People Over Profits"

Image Credit: The Warehouse Hotel Clearly, the Group’s business portfolio has grown so much over the years – and it got me thinking about their secret to building a lifestyle empire ... Wee Ee Cheong, and grandson of banking tycoon Wee Cho Yaw.
Posted: May 16, 2017, 7:54 am

Being Smart or Having Luck In Life and Investing

Is it better to be born lucky or to be born smart? Veteran banker Wee Cho Yaw said that the late former deputy prime minister Goh Keng Swee once told him that it is better to be born lucky than to be smart. This is an abstract from an article on Straits ...
Posted: May 23, 2017, 3:26 am

3 Lessons To Learn From Mr Wee’s $412-Million Property Investment

While most Singaporeans are fretting over the bear market in Singapore’s real estate market, Mr Wee Cho Yaw, chairman emeritus of UOB, took a contrarian approach. Through his family’s private real estate arm Kheng Leong, Mr Wee bought 45 units at The ...
Posted: February 1, 2017, 4:00 pm

The Nassim deal a win-win: Analysts

While developer CapitaLand had to give veteran banker Wee Cho Yaw an attractive discount when he bought 45 of its plush condominium units, analysts say it was a win-win deal for both parties. On Monday, it was announced that Mr Wee, chairman emeritus of ...
Posted: January 18, 2017, 11:29 pm

Banker Wee Cho Yaw buys up all 45 unsold luxury condos at The Nassim

One of the richest man in Singapore, banker Wee Cho Yaw, is reported to have bought all 45 unsold units at The Nassim, a luxury condominium development in District 10. The development consists of 55 freehold units in total. Mr Wee, 89, is the Emeritus ...
Posted: January 18, 2017, 8:43 am
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