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

Banker Wee Cho Yaw buys all 45 unsold units at The Nassim for $411.6m

One of Singapore's richest men, veteran banker Wee Cho Yaw, has bought all 45 unsold units at upmarket condominium, The Nassim, for $411.6 million. The bulk sale gets developer CapitaLand off the hook over penalties that apply to unsold properties after a ...
Posted: January 16, 2017, 9:00 pm

World Business Briefing | Asia: Singapore: More Time For Asset Sale

The United Overseas Bank of Singapore allowed a government bid for its property unit to expire, giving its controlling shareholder, Wee Cho Yaw, left, more time to consider the bank's options on selling noncore assets. The state investment agency Temasek ...
Posted: May 11, 2004, 6:00 pm

Spotlight on: United Overseas Bank, the Singaporean lender with a major appetite for construction

The bank’s 88-year-old chairman emeritus and billionaire Wee Cho Yaw owns another 18 percent. Wee is leaving UOB’s board next year, but his eldest son, Wee Ee Cheong, is the bank’s CEO. Cheong is also the CEO of his family’s real estate development ...
Posted: December 7, 2017, 3:00 am
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