Singaporean businessman
John Chuang |
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| Born | John Chuang Tiong Choon
1948 (age 75–76)
Singapore |
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| Nationality | Singaporean |
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| Education | University of Liverpool (1973)
Cranfield Business School (1975) |
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| Occupation | Business magnate |
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| Known for | Co-founding Petra Foods |
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| Children | 2 |
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John Chuang Tiong Choon (born 1948) is a Singaporean business magnate best known as the co-founder of chocolate confectionery organisation Petra Foods, which is allegedly one of the world's biggest cocoa-producing firms. He now serves as the company's Group chief executive officer.
Personal life
John Chuang Tiong Choon[1] was born 1948 in Singapore.[2] He attended the England-based University of Liverpool and graduated with a Bachelor of Engineering (Honours) in 1973. Two years later in 1975, he completed his master's in business administration course at Cranfield Business School.[3] Chuang is married with two children. He resides in Singapore.[2]
Business career
Chuang co-founded Petra Foods, a manufacturer of cocoa goods, in 1984 with his two brothers Joseph and William.[2] Prior to establishing Petra Foods, Chuang tried his hand at other industries. Among others, he served as both the California-based Wardley Development's President and the Independence Bank of California's Vice-President from 1979 to 1983.[3] On 5 November 2004, Chuang was appointed as Group chief executive officer of Petra Foods.[1] Petra Foods now claims to be the third-largest cocoa producer in the world.[4]
Wealth and recognition
Chuang's net worth in 2011 was an estimated $510 million. That year, Forbes ranked him as the twenty-fourth richest man in Singapore.[4] In 2012, he dropped in ranking to number twenty-seven. In 2013, his net worth was estimated to be $965 million, increasing his rank to number twenty-two.[2] Chuang's rise in wealth was attributed to part of Petra Foods being purchased by the Switzerland-based Barry Callebaut for some $950 million.[2] For his contributions to the cocoa industry, the title of "Businessman of the Year 2011" was bestowed upon Chuang during the 2012 Singapore Business Awards.[5]
References
