Get Rich City - Walter Kwok

Walter Kwok

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Kwok Ping-sheung, Walter (Chinese:郭炳湘, 1959-, born in Hong Kong with family roots in Zhongshan, Guangdong), one of three Kwok brothers (the other two are Thomas, Raymond) that inherited Hong Kong's giant real estate developer Sun Hung Kai Properties, is the chairman and CEO of that organization. Kwok, along with his brothers, inherited the firm in 1990 following their father Kwok Tak Seng's death. Under the brothers' leadership, the company branched out into cellular phone service under the SmarTone name. They also control the Kowloon Motor Bus Company, a large bus operator in Hong Kong. Kwok's brothers are the second wealthiest people in Hong Kong, just after Li Ka Shing, the chairman of Cheung Kong Holdings and Hutchison Whampoa.

SARS slowed property sales and bus usage in the first half of 2003, but the brothers are betting Hong Kong's economy will continue to recover.

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