Lee Shin Cheng Net Worth is$Million
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Ethnicity: Han Chinese
Citizenship: Malaysia
Tan Sri Dato' Lee Shin Cheng (traditional Chinese: ae??ae??e??; simplified Chinese: ae??ae??e??; pinyin: Li ShA?njA?ng) is a Malaysian Chinese business magnate who is heavily involved in the plantation industry.
Lee Shin Cheng heads IOI Corporation Berhad (or better known as IOI Group) as its executive chairman. IOI Group was by Forbes in 2012 a palm oil and real estate development giant. It owned refineries in the U.S. and the Netherlands and won a $322 million bid for a 6-acre plot in downtown Singapore for the residential buildings.
IOI, which is listed in Bursa Malaysia, is one of the world's leading conglomerate managing oil palm plantations, specialty fats, oleochemicals and property development activities in Malaysia, Indonesia, United States, and Europe. IOI refinery in Rotterdam, the Netherlands is the largest palm oil refinery in Europe. IOI's oil palm plantations in Malaysia and Indonesia produce palm oil and palm kernel oil. These oils are made into specialty oils, metallic stearates and fats that are used in soaps, detergents, cosmetics and food additives. IOI Group is also a leading real estate developer in Malaysia: projects include townships, shopping malls, condominiums, office towers and resorts.
Lee grew up northeast of Kuala Lumpur on a rubber plantation, where his father ran a small Chinese food shop. He left school at the age of 11 to help support his family, selling ice cream on a bicycle for four years before returning to finish high school. He sought work with one oil palm plantation company for a supervisory job, but was turned down. The reason givena??he didn't speak fluent Englisha??important then because Europeans still own most of the plantations. Lee, who was then only 22, was undeterred with Dunlop Estate's rejection. He went on to apply and got a field supervisor job with at another palm oil company.
About 20 years later, Lee got his 'revenge' when he gathered enough financial might to buy up Dunlop Estate. In 2008, he re

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Lee Shin Cheng Latest News

Lee Shin Cheng

Twenty years later, Lee bought Dunlop Estate. In 2008, he recalled the happiest day of his life in an interview with the New Straits Times, saying, "My happiest day was in 1989 when I bought Dunlop Estate from Multi-Purpose Holdings Bhd. This was because ...
Posted: November 1, 2014, 5:00 pm

Biography of Shin Cheng Lee

Shin Cheng Lee has a Honorary Doctorate Degree in Agriculture from Universiti Putra Malaysia. Shin Cheng served as CEO at IOI Group. He is Malaysia's 3rd richest and world's 234th richest person.In 2009, FORBES magazine puts his net worth at $3.2 billion.
Posted: September 27, 2016, 5:00 pm

Yayasan Tan Sri Lee Shin Cheng (IOI Group) Scholarship 2016

Yayasan Tan Sri Lee Shin Cheng is a non-profit organization funded by the IOI Group, which is a large and reputable public-listen group. IOI Goup's core business are in oil palm plantations and property development. We invite applications from qualified ...
Posted: July 30, 2016, 5:00 pm
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