Walter Guo net worth
Walter Guo Net Worth: Walter Kwok was a Hong Kong businessman who had a net worth of $7 billion when he died in October 2018. As the eldest son of Kwok Tak Seng, Walter and his two brothers Thomas and Raymond were named owners of Sun Hung Kai Properties (SHKP), Hong Kong’s largest real estate developer, in 1990.
In 1997, Walter was kidnapped by a gang leader named Big Hand. Walter was released after his brother paid a $75 million ransom. The gangster was eventually caught and executed in China. Today, their company, SHKP, is known for building and controlling one of the most expansive property portfolios in Greater China, most notably the iconic buildings that define Hong Kong’s skyline. However, the giant property developer has experienced a degree of controversy. In 2012, co-chairs Thomas and Raymond faced charges of bribery and conspiracy to commit misconduct in public office. In 2014, Thomas was convicted and sentenced to five years in prison. Raymond was cleared of all charges. In 2014, the Kwok brothers agreed to split their stake in Sun Hung Kai Properties equally. Walter also founded his own private company, Empire Group Holdings. Walter Kwok passed away on October 20, 2018 at the age of 68.
