Choo Chong Ngen
$2.96B
as of 10/04/24
About Choo Chong Ngen
Hotel tycoon Choo Chong Ngen made his fortune in textiles before launching his Hotel 81 budget chain in Geylang, Singapore's red-light district.
He has expanded into the mid-tier market, introducing five more hotel brands since 2009.
His privately held hotel empire, now called Worldwide Hotels, which daughter Carolyn has been helping him run since 2002, has 41 hotels across the island.
Since 2017, he has expanded into Australia, Japan, Malaysia, South Korea and Thailand, with nine hotels managed by Travelodge and Holiday Inn.
In April 2024, Worldwide Hotels opened the world's largest Mercure hotel with 989 rooms at Singapore's trendy Club Street in the central business district.
Personal stats
Citizenship
SingaporeSource of wealth
HotelsResidence
Singapore, SingaporeMarital status
MarriedBirth date
04/21/53 (age 71)Number of children
4Self-made
self-madeChoo Chong Ngen’s fortune is worth
49K
troy ounces of gold
46K
median U.S. household
30K
median U.S. income
0.059%
U.S. credit card volume
0.012%
GDP of the United States
0.009%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Choo dropped out of school to become a fishmonger to help make ends meet at home.
Net worth over time
Real-time ranking
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