Here comes the 'Sugar King'

One of Asia’s most successful businessmen has taken a big gamble on Africa. Lars Henriksson looks at how the ‘sugar king’ aims to help the continent to unleash its true growth potential - and what investors can learn from him.

Ever heard of Robert Kuok? He's worth $19.4bn, which makes him the second richest man in Southeast Asia. He controls the extravagant Shangri-La hotel chain, the South China Morning Post in Hong Kong, and a shipping and property portfolio that stretches from Sydney to Paris. Born in Johor Bharu, Malaysia, he made his money from trading sugar and earned the cool epithet the 'sugar king'.

Why should you care about a sugar billionaire? Well, he also owns the world's biggest processor of palm oil and his Singapore-based agriculture company is a great example of what I want to talk to you about today - Asia's blooming relationship with Africa.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Lars is an emerging-markets expert, with many years of 'on the ground' experience hunting down profit opportunities in Asia. Lars spent ten years living in Malaysia and Thailand, seeking out strategic opportunities, before moving to London to manage the Oracle Asia Absolute Fund. In short, Lars has real knowledge of where the opportunities in Asia are.