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Khoo Teck Puat
Tan Sri Khoo Teck Puat (; 13 January 1917 – 21 February 2004) was a banker and hotel owner, who, with an estimated fortune of S$4.3 billion, was the wealthiest man in Singapore at one point. He owned the Goodwood Group of boutique hotels in London and Singapore and was the largest single shareholder of the British bank Standard Chartered. The bulk of his fortune came from shares in Standard Chartered, which he bought up in the 1980s to help thwart Lloyds Bank's proposed acquisition which many financiers deemed hostile. The Goodwood Park Hotel in Singapore, built in 1900, is a restored historic landmark.
Around the period of his death in 2004, Khoo was ranked as the 108th richest person in the world by the business magazine ''Forbes'' .〔Forbes.com (World's Richest Person 2004 )〕 Khoo's estate has donated S$80 million to Duke University.〔DukeMedNews ( Announces S$80 Million Gift to Duke-National University of Singapore Graduate Medical School )〕
==Biography==
Khoo received his early education in St Joseph's Institution in Singapore in 1930. He was educated up to standard eight prior to his marriage at the age of 17, and started working in the bank Oversea-Chinese Banking Corporation (OCBC) as an apprentice bank clerk by 1933. While attached with OCBC, Khoo served as the Chairman of Central Provident Fund (CPF) Board for a year in 1958. His rise in OCBC was rapid and he developed strong ties with Tan Chin Tuan until they had a difference of opinion which resulted him leaving OCBC in 1959 as the General Manager. He argued that OCBC was growing far too slowly and not opening enough branches in the smaller towns in Peninsular Malaya.
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