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Chong Ngen Choo

Choo Chong Ngen

Ranked 13th on the Forbes’ Singapore’s billionaire list, budget hotel forerunner Choo Chong Ngen donated S$2 million to Singapore Management University to establish the Hotel 81-Choo Chong Ngen bursary fund, in conjunction with the university’s 15th anniversary. Choo, who holds a net worth of $1.6 billion, runs Singapore’s largest chain of 37 owner-managed hotels —Hotel 81 (budget), Value Hotel (three-star), V Hotel (four-star) and Venue (boutique) — with more than 4,800 guest rooms
in total.