Tan Sri Khoo Teck Puat (; 13 January 1917 – 21 February 2004) was a banker and hotel owner, who, with an estimated fortune of S$4.3 billion (US$3,195,953,500), was the wealthiest man in Singapore at one point. He owned the Goodwood Group of boutique hotels in London and Singapore and was the largest single shareholder of the British bank Standard Chartered. The bulk of his fortune came from shares in Standard Chartered, which he bought up in the 1980s to help thwart Lloyds Bank's proposed acquisition which many financiers deemed hostile. The Goodwood Park Hotel in Singapore, built in 1900, is a restored historic landmark. Around the period of his death in 2004, Khoo was ranked as the 108th richest person in the world by the business magazine Forbes. Khoo's estate has donated S$80 million to Duke–NUS Medical School. Biography Khoo received his early education in St Joseph's Institution in Singapore in 1930. He was educated up to standard eight prior to his marriage at the age of 17, and started working in the bank Oversea-Chinese Banking Corporation (OCBC) as an apprentice bank clerk by 1933. While attached with OCBC, Khoo served as the Chairman of Central Provident Fund (CPF) Board for a year in 1958. His rise in OCBC was rapid and he developed strong ties with Tan Chin Tuan until they had a difference of opinion which resulted him leaving OCBC in 1959 as the general manager. He argued that OCBC was growing far too slowly and not opening enough branches in the smaller towns in Peninsular Malaya. Career In 1960, Khoo restarted his career in banking by founding Malayan Banking (now commonly known as Maybank) with a few partners in Kuala Lumpur. The bank grew rapidly to more than 150 branches within three years. In 1963, the bank purchased Goodwood Park Hotel in Singapore for S$4.8 million. From 1964 to 1965, Khoo was a senator in the Malaysian parliament. In 1965, Khoo was ousted from Maybank by the Malaysian government under Deputy Prime Minister Tun Abdul Razak on the pretext of pumping the bank's money into his own private firm in Singapore. In 1968, Khoo bought over Maybank's Singapore properties, including Goodwood Park Hotel and Central Properties, for S$50 million. While bitter with what the Malaysian government did, Khoo retained his Malaysian citizenship. In 1976, he ceased to be a director of Maybank. Though he had opened