Lee Loy Seng
Encyclopedia
Tan Sri Dato' Seri Lee Loy Seng was a Malaysian businessman who grew up in a small town, Ipoh.
on 22 Aug 1921, and grew up in Ipoh
, capital of Perak
state.
His father, Lee Meng Hin was a tin ggminer who gave then Malayan economy a boost. After Lee Meng Hin's reign, his company was passed on to the older son, Lee Wan Seng, and Loy Seng worked just as an employee during the early years of his life.
After Malaya's independence, the British merchants had to leave and lands were being sold at a very low price. Loy Seng saw the opportunity of a lifetime to invest in these lands and bought them, turning them into a rubber plantation. With luck on his side, the price of rubber was rising immensely due to the industrial rise. As he built up his fast blooming company, Mr. Lee founded the company Kuala Lumpur Kepong Berhad, one of the leading plantation owning companies in Malaysia.
His sons Datuk Lee Oi Hian, Datuk Lee Hau Hian and Datuk Lee Soon Hian are considered to be in the top 20 richest people in Malaysia with estimated net worths of US$250m each.
Biography
Tan Sri Dato' Seri Lee Loy Seng was born in MenglembuMenglembu
MenglembuMenglembuMenglembu(万里望） is a main town in Ipoh city area Perak, Malaysia. It is at the foot of the Kledang Hill and famed for "Menglembu Peanuts" a brand of peanuts that are processed and packed by a factory situated in the town. Historically, Menglembu and the surrounding areas of the...
on 22 Aug 1921, and grew up in Ipoh
Ipoh
Ipoh is the capital city of Perak state, Malaysia. It is approximately 200 km north of Kuala Lumpur on the North-South Expressway....
, capital of Perak
Perak
Perak , one of the 13 states of Malaysia, is the second largest state in the Peninsular Malaysia bordering Kedah and Yala Province of Thailand to the north, Penang to the northwest, Kelantan and Pahang to the east, Selangor the Strait of Malacca to the south and west.Perak means silver in Malay...
state.
His father, Lee Meng Hin was a tin ggminer who gave then Malayan economy a boost. After Lee Meng Hin's reign, his company was passed on to the older son, Lee Wan Seng, and Loy Seng worked just as an employee during the early years of his life.
After Malaya's independence, the British merchants had to leave and lands were being sold at a very low price. Loy Seng saw the opportunity of a lifetime to invest in these lands and bought them, turning them into a rubber plantation. With luck on his side, the price of rubber was rising immensely due to the industrial rise. As he built up his fast blooming company, Mr. Lee founded the company Kuala Lumpur Kepong Berhad, one of the leading plantation owning companies in Malaysia.
His sons Datuk Lee Oi Hian, Datuk Lee Hau Hian and Datuk Lee Soon Hian are considered to be in the top 20 richest people in Malaysia with estimated net worths of US$250m each.