Read exclusively consolidated details unavailable elsewhere about Dr Tan Sri Chen Lip Keong Passed Away.
As a doctor, Chen felt compassion for the fight against COVID-19 and donated millions to secure vaccines in Cambodia. He recently gave SG$ 6.7 million to the Rare Disease Fund in Singapore, helping the charity support patients dealing with rare diseases in need of financial assistance. Let’s check about Dr Tan Sri Chen Lip Keong Passed Away in Cambodia and Malaysia.
About Tan Sri Chen Lip Keong:
Tan Sri Chen Lip Keong, a Malaysian businessman, was involved in resorts, property, and energy. He founded FACB Industries Incorporated Bhd and NagaWorld casino in Phnom Penh, the only integrated resort in Cambodia. He worked as a Commercial Director at Primorsky Entertainment Resort City LLC and an Executive President at FACB.
Chen sat on the Board of Directors for several companies, including Nagajet Management Limited, NagaCorp Limited, Ariston Private Limited, City Walk, Incorporated, Fourth Star Finance Corporation, Naga 2 Land Limited, NagaCorp (HK) Limited, and NagaWorld Limited.
Tan Sri Dr Chen Lip Keong business:
He launched Naga2, a twin tower, opened nearby in November/2017, connected to the original casino by NagaCity Walk, an underground shopping mall. He also controlled Karambunai, a property developer and hospitality company listed in Malaysia, which owns a resort in Sabah, part of Malaysia’s Borneo region.
Cause of death:
Tan Sri Chen Lip had a natural death due to illness.
His family is yet to announce the details of his last reties.
He was married to Lee Chou Sarn. The couple had three children, Chen Yiy Hwuan, Chen Yiy Fon, and Chen Yepern. In April/2022, Tan Sri Dr Chen Lip Keong took on the role of senior CEO. He appointed his three sons – Chen Yiy Fon, Chen Cherchi, and Chen Yiy Hwuan – as CEOs, overseeing operations, finance, and hotels, respectively.
|Place of birth
|Kuala Lumpur, Federation of Malaya
|Place of death
|75 years, 4 months, 20 days old
|University of Malaya
|Lee Chou Sarn
|Chen Yiy Hwuan,
Chen Yiy Fon,
|Source of Wealth
|Casinos, property, energy, Self Made
|Phnom Penh, Cambodia
|Honors given to Tan Sri Chen Lip Keong
|Commander of the Order of Loyalty to the Crown
Companion of the Order of the Defender of the Realm
|Knight Companion of the Order of the Crown of Pahang
|Knight Companion of the Order of Sultan Salahuddin Abdul Aziz Shah
Ethnicity, Nationality, and Religion:
He was a Chinese and a citizen of Malaysia.
Education Qualification, Early life and Career:
Chen graduated from the University of Malaya in Malaysia. Originally from Kinta Valley, he studied medicine at University Malaya and fulfilled his service at Kuala Lumpur General Hospital before entering the business world. His first job was in property development. Check about Chen Lip Keong Passed Away in below section.
Later, he explored the oil industry in Cambodia. Chen initially began his career as a general practice medical doctor. In 1994, his Malaysian company secured an international infrastructure and tourism package, including a casino license in Phnom Penh until 2065, with a monopoly until 2035.
Though it wasn’t initially the business he had in mind, Chen launched Naga’s operations on a leased barge on the Bassac River in 1994. In 2006, NagaCorp, the parent company of the resort complex, became the first integrated resort company listed on the Hong Kong Stock Exchange, mainly operating in Cambodia. Initially, Chen worked as the President and non-independent Executive Director at Karambunai Corporation Limited and as the President at Petaling Tin Limited.
Chen Lip Keong Passed Away, Age, Date of Birth:
Chen was born on 22nd/July/1948 in Kuala Lumpur, Malaysia’s capital. He was of Chinese ethnicity and grew up in Kinta Valley. Sadly, Chen Lip Keong passed away in the United States on December/2023, at the age of 75-years, 4-months, and 20-days.
Social media links:
1. Malaysian casino tycoon and NagaCorp founder Chen Lip Keong has passed away at the age of 75.
According to Forbes, Chen was the 7th wealthiest man in Malaysia, boasting a net worth of US$2.8 billion as of May 31 this year. pic.twitter.com/RBR1fprVgp
— BFM News (@NewsBFM) December 11, 2023
As of 31st/May/2023, Chen was seventh richest person in Malaysia, boasting a net worth of US$2.8 billion. Chen is known for his charitable work in Cambodia and Singapore. Facing challenges with high bank interest rates for financing Naga2, Chen personally invested $369 million and accepted company shares as payment. Chen was involved in the development of a casino resort in Vladivostok.
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