Hotel magnate Michael Kum runs a hotel empire spanning 20 hotels in Asia and Europe through his privately held company M&L Hospitality.
There are cases of famous personalities who Wealth knocks on their door from a young agejust for belonging to wealthy families. In others, the skills and knowledge acquired in student environments, or having worked since they were very young, They have allowed certain people amass their fortunes.
Kum, originally from Singaporeis one of the second, since he had to become very lowa product of his humble origins. Learn about his life below.
Who is Michael Kum, the Singaporean billionaire who owns a chain of hotels?
Michael Kum was born in Singapore in 1945, street vendor parentsHis early years were spent in a humble environment, where he learned from his parents the value of hard work and perseverance.
Kum’s career spans more than five decadess, during which he has achieved remarkable success in the marine and offshore industries.Here are some of the highlights of his career:
- He began his career in 1969 as Finance and Administration Manager by Marine Charters (Singapore) Pte Ltd.
- He co-founded Offshore Equipment Pte Ltd in 1976 to charter offshore support vessels and barges in the Middle East and Southeast Asia.
- He led the expansion of Miclyn Holdings Pte Ltd, the holding company of Offshore Equipment Pte. Ltd., to possess 10 offshore support vessels and barges by 1994.
- He led the strategic acquisition of a shipyard in Batam, Indonesia in 2005 and Miclyn Offshore’s expansion into India in 2006.
- In 2009, Grandline International Limited was established for investment purposes, focusing on real estate investments in the hotel sector.
How much is Michael Kum’s fortune, according to Forbes
Kum’s assets include a majority stake in Singapore-based shipping company Atlantic Navigation. His combined fortune is $1.1 billion.
Source: Ambito
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