Now 76, Kuok Khoon Hong has solidified his reputation as the unchallenged “Palm Oil King,” at the helm of a $15 billion empire that dominates the palm oil industry globally. The Singaporean billionaire and CEO and co-founder of Wilmar International established his wealth through expansion by design, innovation, and keen knowledge of the agricultural commodities business.
Kuok began building his palm oil empire decades ago, using his experience and family ties to turn Wilmar into the world’s biggest palm oil processor. His firm now dominates a huge plantation network, refineries, and distribution system, shipping edible oils to big markets around the globe, from China to India and Europe.
In spite of the industry’s green controversies, Kuok has been an advocate for sustainable palm oil production, promoting deforestation-free supply chains and responsible sourcing. Through his tenure, Wilmar has adopted tougher sustainability policies, aligning with international organizations to ensure profitability balanced with environmental stewardship.
With decades of experience under his belt and an unbreakable grip in the commodities trade, Kuok continues to be the big man in the international palm oil market. His rags-to-riches story testifies to the strength of vision, grit, and astute market positioning in establishing a multibillion-dollar conglomerate empire.
