Olivia Lum Net Worth is$305 $Million
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Birth Place: Kampar, Perak, Malaysia
Alma Mater: National University of Singapore
Occupation: Group CEO & President, Hyflux Group of Companies
Networth: United States dollar$460 million url
Religion: Christianity (New Creation Church)last
Olivia Lum is a Singaporean businesswoman. She is best known for being the founder, group chief executive officer, and president of the Singapore-based Hyflux Group. She also heads the Research and Development function.[citation needed]
Lum was adopted at birth, and never knew her parents; she was brought up by a woman she called her grandmother. When Lum was only three, her grandmother gambled away her savings; they lost the house in which they were living, and moved to a leaky shack without running water. She came to Singapore at the age of 15 and enrolled at the Tiong Bahru Secondary School, where she supported herself through tutoring and sales jobs. She went on to study at Serangoon Junior College and graduated in 1986 with an Honours degree in chemistry from the Faculty of Science of the National University of Singapore.
Lum started corporate life as a chemist with Glaxo Pharmaceutical. After working for three years at Glaxo, she left in 1989 at the age of 28 to start up Hydrochem, the precursor to Hyflux, with just SG$20,000 of capital, which she raised by selling her condominium and car. She hired three employees at the start; Lum herself rode around on a motorcycle selling her company's water filters and treatment chemicals. By January 2001, Hyflux had become the first water treatment company to be listed on SESDAQ, and was upgraded to the Singapore Exchange's Mainboard in April 2003.[citation needed] By 2005, she had a net worth of over US$240 million, which earned her a place as the only woman on Forbes' "Southeast Asia Rich List". As of 2007, Hyflux was worth SG$1 billion and employed more than 800 people.
Lum holds several positions in public service. She is a board member of SPRING Singapore, the National University Singapore Council, and the Singapore Exchange, as well as the president of the Singapore Water Association. She is also a member of the UNESCAP Business Advisory Council and the Singapore Green Plan 2012 coordinating committee.[cit

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Olivia Lum Latest News

Hyflux CEO Olivia Lum offers to contribute her entire stake in company under restructuring plan

SINGAPORE - Hyflux chief executive Olivia Lum has volunteered to contribute her entire stake of 267 million Hyflux shares and securities as part of a proposed restructuring plan for the troubled water ...
Posted: February 16, 2019, 1:37 am

Rags-to-riches tale turns sour for Olivia Lum

SINGAPORE: Olivia Lum is running out of time to save the company she spent a lifetime building. The founder of Singapore-based water and power company Hyflux Ltd., which could see its court protection ...
Posted: April 11, 2019, 2:11 am

Hyflux CEO Olivia Lum vows to get $1 annual salary until firm ends restructuring

After a whirlwind of conflicts with investors and creditors and calls for resignation, the head of the embattled water treatment firm Hyflux, Olivia Lum, has declared that she will only draw a nominal ...
Posted: April 29, 2019, 12:48 am
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