1. The Kwok Brothers and Their Business Empire
2. The Kwok Family's Inheritance
3. Walter Kwok's Controversial Life
4. Business Rivalry Within the Family
5. Walter's Resignation and the Future of Sun Hung Kai

The Kwok Brothers and Their Business Empire

Foundation of Sun Hung Kai

In 1969, the Hong Kong-based non-British corporation Sun Hung Kai was founded by Kwok Tak Seng. It was listed on the Hong Kong Stock Exchange in 1972 and quickly grew to become a major business empire.

The Kwok Family's Inheritance

In 1990, brothers Raymond, Thomas, and Walter Kwok inherited Sun Hung Kai after the death of their father. They became some of Hong Kong's largest landowners, with significant investments in the communications sector. Currently, the Kwok family owns 43.3% of the company's shares.

Walter Kwok's Controversial Life

Walter Kwok, the eldest son of Kwok Tak Seng, is the controlling shareholder of Sun Hung Kai. He is ranked among the wealthiest individuals in Hong Kong and China, with an estimated net worth of $19 billion. However, his life has been marked by personal drama.

In 1997, Walter Kwok was kidnapped by notorious gangster Cheung Tze-keung. After a seven-day ordeal, he was released after police intervention. Walter's family paid a hefty ransom for his safe return.

Business Rivalry Within the Family

Like many family businesses, the Kwoks have faced internal conflicts. Walter's controversial marriage and the influence of his mistress led to a departure from the company's conservative business model without the consent of his brothers.

Walter's Resignation and the Future of Sun Hung Kai

In 2008, Walter Kwok announced a leave of absence to tour America. Rumors circulated that his mother, Kwok Tai, intended to remove him from the family business due to ongoing disputes with his brothers. The future of Sun Hung Kai remains uncertain amid these familial tensions.

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