Teh Hong Piow: Teh Hong Piow Net Worth, Biography, Age, Spouse, Children & More

About Teh Hong Piow

Teh Hong Piow, the revered Malaysian banker and founder of Public Bank Berhad, passed away at 92 on December 12, 2022. Born in Singapore on March 14, 1930, and educated at Anglo-Chinese School, Piow embarked on an illustrious banking career starting in 1950 which led him to establish Public Bank Berhad in 1965, significantly impacting Malaysia's banking sector. His tenure witnessed the bank's transformation into a foremost financial institution, with Piow being one of the rare individuals permitted to own over 10% in a Malaysian bank. With a net worth of US$4.7 billion, he was among the world's wealthiest, lauded with numerous awards, including 'Greatest Malaysian Banker of All Time.' His contributions extended beyond banking, holding vital roles in LPI Capital Berhad and the Public Foundation. Piow's legacy is also marked by his vast recognition, receiving prestigious Malaysian honors, solidifying his status as a banking icon.

Born

March 14, 1930 in Singapore, Straits Settlements

Died

December 12, 2022 (aged 92)

Source Of Wealth

Banking

Industries

Finance & Investments

Citizenship

Malaysia

Education

Bachelor of Arts/Science, University of Malaya

Spouse

Tay Sock Noy

Children

Teh Hong Piow was born on March 14, 1930, in Singapore. He attended Anglo-Chinese School in Singapore for both his primary and secondary education.

Teh Hong Piow: Family

Teh Hong Piow was married to Puan Sri Tay Sock Noy since 1956, and they had four children together.

Teh Hong Piow: Career Highlights

Teh Hong Piow began his banking career in 1950 as a Bank Clerk at Overseas-Chinese Banking Corporation Ltd. He quickly rose through the ranks, becoming an officer within five years. In 1960, he joined Malayan Banking Berhad as Manager and was promoted to General Manager at the age of 34 in 1964.

In 1965, Teh Hong Piow founded Public Bank Berhad, which commenced business operations in 1966. Under his leadership, the bank evolved into a modern and integrated financial institution.

Teh Hong Piow: Companies

Teh Hong Piow was the founder, chairman, director, and advisor of Public Bank Berhad in Malaysia. He also held leading positions in various organizations, including Public Foundation, Malaysia, and LPI Capital Berhad, Malaysia (Group).

Teh Hong Piow: Major Achievements

Teh Hong Piow is credited with transforming Public Bank Berhad into one of the largest banks in Malaysia. He was also instrumental in the development of the country's financial sector.

Teh Hong Piow: Awards & Achievements

Teh Hong Piow received around 45 awards during his career, including the award for 'Greatest Malaysian Banker of All Time' by the Asia Pacific Brands Foundation.

Teh Hong Piow: Personal Life & Legacy

Teh Hong Piow was known for his humble and down-to-earth personality. He was also a philanthropist and contributed to various charitable causes. He passed away on December 12, 2022, at the age of 92.

Teh Hong Piow: Trivia

Teh Hong Piow obtained three degrees from unaccredited Pacific Western University and two PhDs from Clayton University (also unaccredited) and University Malaya. He had an estimated net worth of US$4.7 billion, making him the 223rd richest person in the world and the 5th richest in Malaysia.

Wealth History

Timeline

March 14, 1930

Teh Hong Piow was born in Singapore.

1950

Teh Hong Piow began his banking career as a Bank Clerk at Overseas-Chinese Banking Corporation Ltd.

1956

Teh Hong Piow married Puan Sri Tay Sock Noy.

1960

Teh Hong Piow joined Malayan Banking Berhad as Manager.

1964

Teh Hong Piow was promoted to General Manager at Malayan Banking Berhad.

1965

Teh Hong Piow founded Public Bank Berhad.

1966

Public Bank Berhad commenced business operations.

1983

Teh Hong Piow was conferred the Commander of the Order of Loyalty to the Crown of Malaysia (PSM) – Tan Sri.

2002

Teh Hong Piow was conferred the Grand Knight of the Order of Sultan Ahmad Shah of Pahang (SSAP) – Dato' Sri.

January 1, 2019

Teh Hong Piow retired as chairman of Public Bank Berhad but continued as an advisor.

December 12, 2022

Teh Hong Piow passed away at the age of 92.

Teh Hong Piow : FAQs

What is Teh Hong Piow's net worth?

As of 2022, Teh Hong Piow's net worth was $5.90 billion.

What are Teh Hong Piow's main sources of wealth?

Teh Hong Piow's main source of income comes from Banking.

In which industry does Teh Hong Piow primarily operate?

Teh Hong Piow is primarily involved in the Finance & Investments industry.

What is Teh Hong Piow educational background?

Teh Hong Piow holds a Bachelor of Arts/Science from the University of Malaya.

Is Teh Hong Piow dead?

Yes, Teh Hong Piow died on December 12, 2022 (aged 92).

How many children does Teh Hong Piow have?

Teh Hong Piow has 4 children.

Who was Teh Hong Piow and what was his significant contribution to the banking industry in Malaysia?

Teh Hong Piow was a Malaysian banker and businessman, renowned for founding Public Bank Berhad, where he served as chairman, director, and advisor. Under his leadership, Public Bank grew into a leading financial institution in Malaysia.

How did Teh Hong Piow start his career in banking and achieve success?

Teh Hong Piow began his banking career as a clerk at Overseas-Chinese Banking Corporation Ltd in 1950 and joined Malayan Banking Berhad as Manager in 1960. He founded Public Bank Berhad in 1965, significantly impacting the finance industry with his visionary leadership.

What awards and honours did Teh Hong Piow receive throughout his career?

Throughout his illustrious career, Teh Hong Piow was honored with numerous awards, including the Commander of the Order of Loyalty to the Crown of Malaysia (Tan Sri) in 1983, among other prestigious titles. He was celebrated as the 'Greatest Malaysian Banker of All Time' by the Asia Pacific Brands Foundation.