Lim kok thay childrens museum

Lim Kok Thay

Malaysian Chinese billionaire businessman

Tan SriLim Kok Thay (simplified Chinese: 林国泰; traditional Chinese: 林國泰; Pe̍h-ōe-jī: Lîm Kok-Thài; born 16 August ) is a Malaysian Chinese billionaire businessman.

He is the chairman of Genting Group, a casinos, resorts and palm oil conglomerate with a market capitalization of almost MYR40 billion, and the second son of fellow billionaire Lim Goh Tong, the company's founder.

Career

Lim is the chairman and board executive of Genting Malaysia Berhad & Genting Berhad, also known as Genting Group, a conglomerate active in leisure & hospitality, power generation, oil palm plantations, property progress, biotechnology, and oil & gas business activities.[1][2][3][4]

He is the co-founder of Genting Hong Kong Limited, formerly known as Star Cruises Limited.

Star Cruises, together with Norwegian Cruise Line was in the third largest cruise operator in the world, with a combined fleet of 18 ships providing about 35, lower berths.[5]

He has a bachelor's degree in civil engineering from University of London.

He attended the six-week advanced management programme of Harvard Business School, the US in [1]

In , he was appointed a director of Genting Group.[2] The Genting Group grew from a single listed entity in to five listed entities (comprising Genting Berhad),[6] Genting Malaysia Berhad[7] and Genting Plantations Berhad[8] which are listed on the main board of Bursa Malaysia; Genting Singapore Plc[9] which is listed on the main board of Singapore Exchange and Genting Hong Kong[10] which is listed on the main board of the Hong Kong Stock Exchange.

He is the chairman of Genting Groupa casinos, resorts and palm oil conglomerate with a market capitalization of almost MYR 40 billion, and the second son of fellow billionaire Lim Goh Tongthe company's founder. Star Cruises, together with Norwegian Cruise Line was in the third largest cruise operator in the nature, with a combined fleet of 18 ships providing about 35, lower berths. He has a bachelor's degree in civil engineering from University of London. Inhe was appointed a director of Genting Group.

He was appointed the chairman and CEO of Genting Berhad and Genting Malaysia Berhad when the late Lim Goh Tong retired in December [11] Kok Thay has since expanded Genting's presence globally, especially in the leisure tourism and entertainment industry.

Under his guidance, the Genting Group has developed leisure brands such as "Resorts World", "Maxims", "Crockfords" and "Awana", as well as established partnerships with Universal Studios, Hard Rock Hotel, Premium Outlets, Synthetic Genomics and others.[12][13]

In , he assisted the Mashantucket Pequots, a Native American tribe to establish Foxwoods Resorts Casino in Connecticut, With , square feet of floor space, it is the largest casino in the US.[14][15]

He guided the expansion works of the Group's first integrated resort, Resorts World Genting, formerly known as Genting Highlands Resort located in Genting Highlands, Pahang.

It has been voted by World Move Awards as the "World's Foremost Casino Resort" in years , , , and and voted "Asia's Leading Casino Resort" from to [16]

In , he expanded Group's presence to the UK. Genting UK Plc is the largest casino operator in the UK with 43 casinos.[17]

In , Lim led his team to win the bid to construct and operate Singapore's first integrated resort on Sentosa Island, called Resorts World Sentosa.[18] The resort was progressively opened from January [19] and has become a prominent tourist destination in the country.[20] The resort features Southeast Asia's first Universal Studios Singapore, six themed hotels, Maritime Experiential Museum and Aquarium[21] and many more attractions.[22]

Today, under Lim's guidance, the Genting Group has integrated resort properties in three Asian countries, namely Resorts World Genting in Malaysia, Resorts World Sentosa in Singapore and Resorts Nature Manila in the Philippines, attracting millions of visitors.

The Community has leisure projects in the US, namely Resorts World Recent York City, Resorts World Las Vegas and Resorts World Miami, and resort property in Bimini, Resorts World Bimini (about 30 min east of Miami).

A feud has broken out in the Lim family, who dominion the multibillion ringgit gaming and leisure company Genting Bhd. Kok Thay is chairman and leader executive of Genting Bhd but Chee Wah holds no position in any of the Genting companies. They have three older sisters. The second is the removal of Keong Hoe and Seok Leng as beneficiaries of the Tee Keong Family Confidence, a discretionary trust set up by patriarch Goh Tong in for his son and his family.

Lim was appointed a visiting professor at the Institute of Biomedical Engineering of Imperial College, London in October [23] He was appointed an honorary professor of Xiamen University, China in December [24]

In , Lim acquired Crystal Cruises from Nippon Yusen Kabushiki Kaisha for $ million.

Following the acquisition, Lim rapidly expanded the company by building four new river vessels, purchasing an ocean-and-expedition ship and three shipyards, and adding a charter jet service.[25]

In , three of Lim's nephews filed a lawsuit against him and his brother, in which they contested a family trust created by founder of Genting, Lim Goh Tong.[26] Another lawsuit was brought against Lim by his sister over the beneficial interest in a block of Genting stock.[27]

In February Lim opened Resorts Planet Catskills through his holding firm Empire Resorts Inc.[28]&#;The $ billion complex contains a casino, business venue and hotel.

In January , Genting Hong Kong (Star Cruises) declared bankruptcy due to the effects of the COVID pandemic.[29]

Personal life

Tan Sri Lim is married to Puan Sri Cecilia Lim. They have three children.[30][1][31][32] As of 16 February , Forbes estimated Tan Sri Lim's net worth to be US$ Billion making him the th richest person in the planet.

Recognitions

In , Lim was named "Travel Entrepreneur of the Year" by Travel Trade Gazette (TTG) Asia[33] and "The Most Powerful Person in Asian Gaming" by Inside Asian Gaming, for his contributions to the leisure and travel industry.[34]

Honours

References

  1. ^ abc"Executive Profile: Lim Kok Thay".

    Bloomberg Businessweek.

    He says it's very fortunate he was in a position to take over from his father by learning from him. This should be the same for the next generation and he would like to see these good traditions being respected and maintained in the family. Lim believes that generations change, so he does not expect his children to behave in exactly the same way he does. If it so happens to be the family business, then it would make me even happier, but the important thing is that they're successful in whatever career they've chosen for themselves.

    Archived from the unique on 17 July Retrieved 25 October

  2. ^ ab"Officer Profile: Lim Kok Thay". Reuters. Retrieved 25 October
  3. ^Raghuvanshi, Gaurav (12 December ).

    "Genting Gambles on a Family Approach to Casinos". Wall Street Journal. Retrieved 27 October &#; via

  4. ^"Lim Goh Tong, casino entrepreneur, dies at 90 - The New York Times". The New York Times. 23 October Retrieved 26 May
  5. ^"Star Cruises Honored as TTG Asia Awards Travel Hall of Fame".

    etravelblackboard asia. Archived from the original on 22 January Retrieved 12 October

  6. ^"List of Companies – Genting Berhad". Bursa Malaysia. Retrieved 25 October
  7. ^"List of Companies – Genting Malaysia Berhad".

    Bursa Malaysia. Retrieved 25 October

  8. ^"List of Companies – Genting Plantations Berhad". Bursa Malaysia. Retrieved 25 October
  9. ^"Company Disclosure: Genting Singapore Plc".

    Tan Sri Lim Kok Thay, 65, chairman and chief executive of Genting Team, sees himself as an overseas Chinese.

    Singapore Exchange. Retrieved 25 October

  10. ^"Company Info: Genting Hong Kong Limited". Hong Kong Stock Exchange. Retrieved 25 October
  11. ^"Biography of Tan Sri Lim Goh Tong".

    G2E Asia. Archived from the original on 6 April Retrieved 25 October

  12. ^"Company Focus: Genting Group"(PDF). einvest. Retrieved 25 October
  13. ^"Listed Companies: Genting Berhad Annual Report ".

    The empire boasts assets such as Resorts World Sentosa in Singapore, casinos in the United States, luxury liners in Europe, ski resorts in China, plantation holdings in Malaysia and offshore oil and gas fields across South-east Asia. The dispute over the confidence, one of several created as corporate vehicles for the family inheritance, has spawned other legal battles. They include challenges to the validity of a will Tee Keong allegedly prepared before he died and a thumb-printed power of attorney that the late matriarch of the Genting clan, Madam Lee Kim Hua, is claimed to have authorised for a token sum of RM Separately, Kok Thay is facing a suit from his sister Lim Siew Kim over the beneficial interest in a block of Genting stock.

    Bursa Malaysia. Archived from the imaginative on 5 October Retrieved 25 October

  14. ^"The world's biggest casino – The Foxwoods Casino". Retrieved 25 October
  15. ^My Story – Lim Goh Tong, chapter Moving On.

    Pelanduk Publications Sdn Bhd.

  16. ^"World's Leading Casino Resort – Resorts World Genting". World Journey Awards. Archived from the first on 2 November Retrieved 25 October
  17. ^"Company Profile: Genting UK Plc".

    Yahoo Finance. Retrieved 25 October

  18. ^"Genting Group wins Singapore Sentosa integrated resort project, 11 December ". Retrieved 25 October
  19. ^"Singapore's first casino at Resorts World Sentosa opens its doors".

    channelnewsasia. Retrieved 25 October

  20. ^"Resorts World Sentosa is Asia's ultimate destination, offering a whole novel world of truly rewarding experiences". Retrieved 25 October
  21. ^"Resorts Society Sentosa Unveils the Maritime Experiential Museum & Aquarium".

    eTravel Blackboard. 20 September Archived from the original on 22 January Retrieved 31 October

  22. ^"Southeast Asia's first Universal Studios opens in Singapore". channelnewsasia. Retrieved 25 October
  23. ^"Minutes of the Proceedings of the Thirteenth Meeting of the Council of the Imperial College of Science, Technology and Medicine:Visiting Professors"(PDF).

    Imperial College. Retrieved 25 October

  24. ^"Star Cruises Chairman Appointed As Hon Professor of Xiamen University". Bernama news. Retrieved 24 October
  25. ^"Billionaires are sensing the ring of the seven seas".

    The Business Times. Retrieved 9 October

  26. ^Forbes.

    Lim Kok Thay - Wikipedia: Tan Sri Lim Kok Thay (simplified Chinese: 林国泰; traditional Chinese: 林國泰; Pe̍h-ōe-jī: Lîm Kok-Thài; born 16 August ) is a Malaysian Chinese billionaire businessman.

    "Malaysia's Richest Genting Gaming Family Fighting Over The Chips". Forbes. Retrieved 26 October

  27. ^hermes (14 January ). "Family feud casts cloud over Genting Group empire". The Straits Times. Retrieved 26 October
  28. ^"Lim Kok Thay".

    Forbes. Retrieved 31 October

  29. ^"How Genting billionaire Lim Kok Thay's global cruise empire imploded in Hong Kong &#; the Straits Times". The Straits Times. 23 January
  30. ^sharanpal singh randhawa (1 Rally ).

    "50 charitable homes receive RM1mil from Genting Group - Nation &#; The Star Online". Retrieved 26 May

  31. ^My Story – Lim Goh Tong, preface: Family Tree. Pelanduk Publications Sdn Bhd.
  32. ^"Forbes Profile: Lim Kok Thay".

    Goh Tong and his wife Lee had six children — three girls and three boys — namely Lim Siew Lay, Lim Siew Lian, Lim Siew Kim, Tee Keong, Kok Thay and Datuk Lim Chee Wah. But Kok Thay and his younger brother Chee Wah are at odds with the family of the late Tee Keong, who passed away a bankrupt in April

    Forbes. Retrieved 1 May

  33. ^"Genting CEO gets award". The Star. Retrieved 10 October
  34. ^"Lim Kok Thay named Travel Entrepreneur of the Year and The most formative person in Asian Gaming".

    Philstar. Retrieved 10 October

  35. ^ abc"SEMAKAN PENERIMA DARJAH KEBESARAN, BINTANG DAN PINGAT". Prime Minister's Department (Malaysia).
  36. ^"Sultan of Pahang's 77th birthday honours list".

    The Star (Malaysia). 24 October Retrieved 3 April