Age, Biography and Wiki
Richard Ong was born on 1966 in Malaysia. Discover Richard Ong's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 57 years old?
| Popular As | N/A |
| Occupation | N/A |
| Age | 57 years old |
| Zodiac Sign | N/A |
| Born | , 1966 |
| Birthday | |
| Birthplace | Malaysia |
| Nationality | Malaysia |
We recommend you to check the complete list of Famous People born on . He is a member of famous with the age 57 years old group.
Richard Ong Height, Weight & Measurements
At 57 years old, Richard Ong height not available right now. We will update Richard Ong's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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| Height | Not Available |
| Weight | Not Available |
| Body Measurements | Not Available |
| Eye Color | Not Available |
| Hair Color | Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family | |
|---|---|
| Parents | Not Available |
| Wife | Not Available |
| Sibling | Not Available |
| Children | Not Available |
Richard Ong Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Richard Ong worth at the age of 57 years old? Richard Ong’s income source is mostly from being a successful . He is from Malaysia. We have estimated Richard Ong's net worth , money, salary, income, and assets.
| Net Worth in 2023 | $1 Million - $5 Million |
| Salary in 2023 | Under Review |
| Net Worth in 2022 | Pending |
| Salary in 2022 | Under Review |
| House | Not Available |
| Cars | Not Available |
| Source of Income |
Richard Ong Social Network
Timeline
RRJ Capital, founded in 2011, is based in Hong Kong and Singapore with 40 professionals currently employed. The name "RRJ" is named after his three children. The first RRJ Capital Fund raised $2.3 billion from its global investors. Following the first, the second RRJ Capital Fund raised $3.6 billion and the current (third) RRJ Fund recently broke the record as being the largest in Asia at $4.5 billion. The third fund additionally was "oversubscribed by $1 billion, with the majority of the capital coming from North American investors". RRJ Capital has six managing directors and has invested in over 50 companies globally. The firm now manages $11 billion. In 2013 and 2015, RRJ Capital invested in two Hong Kong-listed mainland real estate property stocks, Logan Property Holding and CIFI Holdings. In 2017, Richard Ong reported significant gains for RRJ in the investment. In 2014 RRJ was the only non-Chinese direct investor in the acquisition of 30% of Chinese oil company, Sinopec. In July 2018, RRJ invested around $1.3 billion in companies owned by HNA Group. RRJ has a minority stake in insurance company FWD Group which is reportedly laying the groundwork for an IPO in 2018.
In January 2008, Ong resigned from his position at GS, ending a fifteen-year tenure there; his departure was seen as a major blow to the firm. He stated that he planned to return to Malaysia to spend time with his family and work in his family business. It soon emerged that he would be joining fellow former GS executive Fang Fenglei at the Hopu Fund, a new China private equity fund established by Fang. Goldman planned to invest roughly US$300 million of their own money in the new fund, while Temasek would provide another US$1 billion. The total size of the fund was planned at US$2 billion; interest from potential investors far exceeded that amount, according to unnamed sources. In 2010 the fund began winding down when it announced that Hopu Investment Management would not be raising a second fund.
In 2006, Ong was promoted to the position of co-head of Asia investment banking, replacing Bill Wicker, who moved to New York. GS moved Ong from Singapore to Beijing with the intention that he would also become CEO of their Beijing joint venture Goldman Sachs Gao Hua Securities, Co. However, Ong's weak knowledge of written Chinese led him to fail a language ability examination required to take up his new position. The China Securities Regulatory Commission (CSRC) had required since 2004 that CEOs, deputy CEOs, and heads of supervisory boards at locally incorporated securities firms all pass the examination; however many CEOs and deputy CEOs of other securities companies were not able to pass the CSRC examination as well, but were given waivers. Goldman elevated the joint venture's deputy CEO Zha Xiangyang to the CEO post in Ong's place.
Ong joined Goldman Sachs in 1993 and became a partner of the firm seven years later. He was later named to the position of co-president of Goldman's Singapore office.
Ong is of Chinese descent and was born in Malaysia. He received a bachelor's degree from Cornell University in 1986 and then an MBA from the University of Chicago in 1989. He has three children. His brother Charles Ong was the chief strategist of Singaporean sovereign wealth fund Temasek Holdings and is currently co-CEO and co-chairman of RRJ Capital.
Richard Ong (born 1965) is a Malaysian businessman and investor. He is the founder, chairman, and CEO of RRJ Capital, one of the largest private equity funds based in Asia. Richard was also a founder and CEO of Hopu Fund 1, a Beijing-based private equity fund.
